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FOUNDATION CENTER
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79 5TH AVE FRNT 2
NEW YORK ,
NY
10003
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GENERAL INFORMATION
Who We Are
The Foundation Center's mission is to strengthen the nonprofit sector by advancing knowledge about U S philanthropy. To achieve its mission it- Collects, organizes and communicates information on U S Philanthropy- Conducts and facilities research on trends in the field- Provides education and training on the grantseeking process - Ensures public access to information and services through its World Wide Web site, print and electronic publications, five library/learning centers
- This organization is a 501(c)(3)
Public Charity
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- This organization is required to file an IRS Form 990 or 990-EZ.
- Financial information in this report is derived from the organization's December 31, 2007
Form 990.
- Contributions are deductible, as provided by law.
MISSION AND PROGRAMS
Mission
The Foundation Center's mission is to strengthen the nonprofit sector by advancing knowledge about U S philanthropy. To achieve its mission it- Collects, organizes and communicates information on U S Philanthropy- Conducts and facilities research on trends in the field- Provides education and training on the grantseeking process - Ensures public access to information and services through its World Wide Web site, print and electronic publications, five library/learning centers
Programs
- Library/Learning Centers and other public services - The Center maintains and operates a network of 5 professionally-staffed library/learning centers IN NY, San Francisco, Washington D C, Cleveland and Atlanta. Open free of charge to the public, they connect grantseekers, grantmakers, and others to resources and educational programs.
- Research and other programs - The Center conducts research on foundations and their giving it analyzes its database to create studies on the field and collaborates with others on studies of specific areas. We continue to be the definitive source of the most comprehensive trend data available on philanthropic giving. Our analysis of foundation characteristics and giving tends go back more than 30 years and are updated annually in our Foundations Today reports.
- Data Collection and publications - The Center maintains a unique electronic database containing information on virtually every active grantmaking foundation in the US. In 2007 we expanded our database by adding thousands of new grantmakers, particularly new public charities, and tens of thousands of new grants. Our e-reporters expanded as well, which greatly improves the currency of the database.
FINANCIAL DATA
Revenues and Expenses: Fiscal Year Ending December 31, 2007
| REVENUE |
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| Contributions |
$7,841,591 |
| Government Grants |
$0 |
| Program Services |
$12,332,773 |
| Investments |
$809,951 |
| Special Events |
$0 |
| Sales |
$0 |
| Other |
$110,126 |
| Total Revenue |
$21,094,441 |
| EXPENSES |
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| Program Services |
$15,128,760 |
| Administration |
$4,696,199 |
| Other |
$713,851 |
| Total Expenses |
$20,538,810 |
| Net Gain/Loss |
$555,631 |
Balance Sheet: Fiscal Year Ending December 31, 2007
Note: The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
| ASSETS |
January 1, 2007 |
December 31, 2007 |
Change |
| Cash & Equivalent |
$9,213,555 |
$10,889,941 |
$1,676,386 |
| Accounts Receivable |
$462,519 |
$518,583 |
$56,064 |
| Pledges & Grants Receivable |
$4,629,918 |
$4,326,127 |
($303,791) |
| Receivable / Other |
$0 |
$0 |
$0 |
| Inventories for Sale of Use |
$183,831 |
$178,290 |
($5,541) |
| Investment/Securities |
$8,940,230 |
$9,445,559 |
$505,329 |
| Investment/Other |
$0 |
$0 |
$0 |
| Fixed Assets |
$3,212,162 |
$2,929,314 |
($282,848) |
| Other |
$269,604 |
$404,726 |
$135,122 |
| Total Assets |
$26,911,819 |
$28,692,540 |
$1,780,721 |
| LIABILITIES |
January 1, 2007 |
December 31, 2007 |
Change |
| Accounts Payable |
$1,026,814 |
$991,134 |
($35,680) |
| Grants Payable |
$0 |
$0 |
$0 |
| Deferred Revenue |
$3,581,946 |
$4,099,092 |
$517,146 |
| Loans and Notes |
$0 |
$0 |
$0 |
| Tax-Exempt Bond Liabilities |
$0 |
$0 |
$0 |
| Other |
$1,428,274 |
$1,291,666 |
($136,608) |
| Total Liabilities |
$6,037,034 |
$6,381,892 |
$344,858 |
| FUND BALANCE |
$20,874,785 |
$22,310,648 |
$1,435,863 |
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Basic Information
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EIN: |
13-1837418 |
Year Founded: |
Information not available |
Ruling Year: |
1957 |
Fiscal Year: |
December 31, 2007 |
Assets: |
$28,692,540 (from Dec 31, 2007 Form 990) |
Income: |
$21,094,441 (from Dec 31, 2007 Form 990) |
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