FIFTY VANDERBILT FOUNDATION INC

EIN: 473973048 501(c)(3) Recreation & Sports

NEW YORK, NY

Total Revenue
$216,447
Total Expenses
$177,792
Total Assets
$1,585,865
Net Assets
$1,515,169
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NY
Principal Officer
KATHY EDERSHEIM
Phone
2127162112
Tax Period
2024-01-01 to 2024-12-31

FIFTY VANDERBILT FOUNDATION INC, founded in 2015, is a small nonprofit in the Recreation & Sports sector that reported $216K in total revenue in fiscal year 2024. The organization ran a surplus of $39K, a strong 18% operating margin.

Mission

THE FIFTY VANDERBILT FOUNDATION, INC. (THE "FOUNDATION") WAS INCORPORATED UNDER THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW ON APRIL 29, 2015. THE FOUNDATION WAS FORMED PRIMARILY FOR THE PURPOSE OF RESTORING, MAINTAINING AND PRESERVING THE DESIGNATED LANDMARK LOCATED AT 50 VANDERBILT AVENUE, NEW YORK, NY 10017. SECONDARY PURPOSES INCLUDE PROVIDING SCHOLARSHIPS FOR YALE UNIVERSITY STUDENTS, AS WELL AS FOSTERING AWARENESS AND APPRECIATION FOR THE WORKS OF JAMES GAMBLE ROGERS, RENOWNED ARCHITECT OF 50 VANDERBILT AVENUE, AND WORKS LOCATED ON THE YALE UNIVERSITY CAMPUS. ON OCTOBER 2, 2020, IN FURTHERANCE OF ITS CHARITABLE PURPOSES, THE FOUNDATION'S CERTIFICATE OF INCORPORATION WAS AMENDED TO ADD A PROVISION TO OPERATE AN EMPLOYEE RELIEF FUND ("RELIEF FUND") FOR THE YALE CLUB OF NEW YORK CITY (THE "YALE CLUB") FOR THE PURPOSE OF PROVIDING FINANCIAL AND OTHER ASSISTANCE TO EMPLOYEES OF THE YALE CLUB AFFECTED BY CURRENT AND FUTURE DISASTER AND HARDSHIP PROVIDED, HOWEVER, THAT SUCH RELIEF FUND IS ESTABLISHED AND OPERATED SOLELY AND EXCLUSIVELY IN FURTHERANCE OF CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE"), AS IT MAY BE AMENDED, AND MEETS SUCH OTHER REQUIREMENTS IN ORDER FOR CONTRIBUTIONS TO THE FOUNDATION FOR THE RELIEF FUND TO FULFILL A PURPOSE DESCRIBED IN SECTION 170(C)(2)(B) OF THE CODE.

Program Service Accomplishments

Program 1
Expenses: $100,000

EXPENSES INCURRED IN RELATION TO THE FOUNDATION'S PRIMARY PUPROSE OF RESTORING, MAINTAINING AND PRESERVING THE DESIGNATED LANDMARK LOCATED AT 50 VANDERBILT AVENUE, NEW YORK, NY 10017.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $185,434
Program Service Revenue $0
Investment Income $31,013
Other Revenue $0
TOTAL REVENUE $216,447

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $100,000
Other Expenses $177,792
TOTAL EXPENSES $177,792

Year-over-Year Comparison

2024 2023 Change
Revenue $216,447 $218,445 0.0%
Expenses $177,792 $91,036 +1.0%
Net Income $38,655 $127,409 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY EDERSHEIM PRESIDENT 4.00
Officer Director
$0 $0 $0
YOSHIKO INOUE VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
EDWARD BURKE TREASURER 4.00
Officer Director
$0 $0 $0
PAUL D SARKOZI SECRETARY 4.00
Officer Director
$0 $0 $0
TED BERENBLUM MEMBER 4.00
Director
$0 $0 $0
AMY BUTTE MEMBER 4.00
Director
$0 $0 $0
MARK ELLIOTT MEMBER 4.00
Director
$0 $0 $0
MICHAEL HENNESSY MEMBER 4.00
Director
$0 $0 $0
CHARLOTTE HITCHCOCK MEMBER 4.00
Director
$0 $0 $0
JULIA PIMSLEUR MEMBER 4.00
Director
$0 $0 $0
HUNTER S REISNER MEMBER 4.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $216,447 $177,792 $1,585,865 $38,655
2023 $218,445 $91,036 $1,348,196 $127,409
2022 $17,907 $25,001 $1,235,709 $-7,094
2021 $51,118 $27,314 $1,226,989 $23,804
2020 $562,111 $498,833 $1,474,540 $63,278
2019 $97,595 $28,923 $1,204,750 $68,672
2018 $812,625 $56,979 $1,112,245 $755,646
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