1898 FOUNDATION INC C/O CENTURY COUNTRY CLUB

EIN: 823903009 501(c)(3) Education

PURCHASE, NY

Total Revenue
$279,778
Total Expenses
$73,454
Total Assets
$1,639,323
Net Assets
$1,624,323
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NY
Principal Officer
ALAN KLEIN
Phone
9147610400
Tax Period
2024-01-01 to 2024-12-31

1898 FOUNDATION INC C/O CENTURY COUNTRY CLUB, founded in 2017, is a small nonprofit in the Education sector that reported $280K in total revenue in fiscal year 2024. The organization ran a surplus of $206K, a strong 74% operating margin.

Mission

1898 FOUNDATION, INC. (THE "FOUNDATION") IS A CHARITABLE, NONPROFIT ORGANIZATION INCORPORATED ON DECEMBER 7, 2017 UNDER THE LAWS OF NEW YORK STATE. THE FOUNDATION WAS ESTABLSHED TO EXTEND CHARITABLE AID IN THE FORM OF FINANCIAL ASSISTANCE TO CURRENT, FORMER, AND FUTURE EMPLOYEES OF THE CENTURY COUNTRY CLUB AND THEIR FAMILIES AND DEPENDENTS. THIS CHARITABLE AID IS INTENDED TO RELIEVE ECONOMIC HARDSHIP AND FINANCIAL CRISES ARISING FROM DEATH, INJURY, ILLNESS, ABUSE, ACCIDENT, NATURAL DISASTER, OR OTHER PERSONAL OR FAMILY EMERGENCY. IN ADDITION, THE FOUNDATION PROVIDES SUCH INDIVIDUALS, THROUGH AN APPLICATION PROCESS, WITH EDUCATIONAL ASSISTANCE. THE FOUNDATION, FROM TIME TO TIME, WILL ALSO PROVIDES SUPPORT TO LOCAL AREA IRC SECTION 501(C)(3) ORGANIZATIONS.

Program Service Accomplishments

Program 1
Expenses: $11,200

EMERGENCY MEDICAL HARDSHIP ASSISTANCE. THE FOUNDATION PROVIDES FOR EMERGENCY MEDICAL HARDSHIP ASSISTANCE TO INDIVIDUALS IN NEED.

Program 2
Expenses: $31,220

SCHOLARSHIPS. THE FOUNDATION PROVIDES FOR EDUCATIONAL ASSISTANCE TO INDIVIDUALS IN NEED.

Program 3
Expenses: $22,000

THE FOUNDATION PROVIDES GRANTS TO CHAROTABLE ORGANIZATIONS.

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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 $216,000
Program Service Revenue $0
Investment Income $63,778
Other Revenue $0
TOTAL REVENUE $279,778

Expense Breakdown

Grants Paid $64,420
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $64,420
Other Expenses $9,034
TOTAL EXPENSES $73,454

Year-over-Year Comparison

2024 2023 Change
Revenue $279,778 N/A N/A
Expenses $73,454 N/A N/A
Net Income $206,324 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
17

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
0
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN M KLEIN CHAIRPERSON 1.00
Director
$0 $0 $0
GREGORY N WEISS BOARD MEMBER 1.00
Director
$0 $0 $0
LUCY C DANZIGER BOARD MEMBER 1.00
Director
$0 $0 $0
JEANNE E FOGEL BOARD MEMBER 1.00
Director
$0 $0 $0
JULIA E GUGGENHEIMER BOARD MEMBER 1.00
Director
$0 $0 $0
LUCY L KLINGENSTEIN BOARD MEMBER 1.00
Director
$0 $0 $0
BETTY LOEB LEVIN BOARD MEMBER 1.00
Director
$0 $0 $0
MAURICE R POVICH BOARD MEMBER 1.00
Director
$0 $0 $0
JILL P RAPPAPORT BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW R SAVITT BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT J SOBEL BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS W STRAUSS BOARD MEMBER 1.00
Director
$0 $0 $0
ANN R TISCH BOARD MEMBER 1.00
Director
$0 $0 $0
JEAN LOEB TROUBH BOARD MEMBER 1.00
Director
$0 $0 $0
EDGAR WACHENHEIM III BOARD MEMBER 1.00
Director
$0 $0 $0
BURTON WARD BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN TIENG BOARD MEMBER 1.00
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 $279,778 $73,454 $1,639,323 $206,324
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