The Easton Foundation Inc

New York, NY
Tax-exempt since April 1984
EIN: 13-3190220

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$7.89M (2024)

Expenses

$2.86M (2024)

Total Assets

$168M (2024)

Total Liabilities

$40.9k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Oct.
2024

Revenue

$7,891,412

Expenses

$2,860,584

Net Income

$5,030,828

Net Assets

$167,947,227

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$346,105	4.4%
Dividends	$952,609	12.1%
Sales of Assets	$6,334,901	80.3%
Other Income	$257,797	3.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,033,643	71.1%
Compensation of Officers*	$250,000	8.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$167,988,083
Total Liabilities	$40,856
Net Assets	$167,947,227

Compensation

Key Employees and Officers	Compensation	Other
Jerry Gorovoy (Director/President)	$250,000	$35,000
Maggie V Wright (Archivist)	$200,000	$24,567
Sewon Kang (Archivist)	$85,000	$11,660
David H Walker Jr (Archivist)	$75,833	$7,993
Kim Haesoo (Archivist)	$46,667	$4,123
Alain Bourgeois (Director/Vp & Treasurer)	$0	$0
Claire Bougeois (Director/Vp & Secretary)	$0	$0

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990-PF

Filed on Jan. 15, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Oct.
2023

Revenue

$10,423,820

Expenses

$2,836,534

Net Income

$7,587,286

Net Assets

$162,916,399

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$387,529	3.7%
Dividends	$816,542	7.8%
Sales of Assets	$9,115,147	87.4%
Other Income	$104,602	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,981,951	69.9%
Compensation of Officers*	$250,000	8.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$162,957,255
Total Liabilities	$40,856
Net Assets	$162,916,399

Compensation

Key Employees and Officers	Compensation	Other
Jerry Gorovoy (Director/President)	$250,000	$30,000
Maggie V Wright (Archivist)	$172,292	$19,588
Sewon Kang (Archivist)	$85,000	$3,142
David H Walker Jr (Archivist)	$60,427	$0
Kim Haesoo (Archivist)	$50,833	$4,004
Alain Bourgeois (Director/Vp & Treasurer)	$0	$0
Claire Bougeois (Director/Vp & Secretary)	$0	$0
Alexander Bougeois (Director/Vp)	$0	$0

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990-PF

Filed on Aug. 25, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Oct.
2022

Revenue

$9,130,329

Expenses

$2,809,233

Net Income

$6,321,096

Net Assets

$155,119,694

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	1.1%
Interest Revenue	$52,579	0.6%
Dividends	$860,577	9.4%
Sales of Assets	$8,011,582	87.7%
Other Income	$105,591	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,057,201	73.2%
Compensation of Officers*	$250,000	8.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$155,160,550
Total Liabilities	$40,856
Net Assets	$155,119,694

Compensation

Key Employees and Officers	Compensation	Other
Jerry Gorovoy (Director/President)	$250,000	$30,000
Maggie V Wright (Archivist)	$165,000	$19,482
Sewon Kang (Archivist)	$80,833	$0
Kim Haesoo (Archivist)	$50,833	$0
Alain Bourgeois (Director/Vp & Treasurer)	$0	$0
Jean Louis Bourgeois (Director/Vp & Secretary)	$0	$0

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990-PF

Filed on Jan. 30, 2023

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Oct.
2021

Revenue

$19,729,837

Expenses

$2,617,303

Net Income

$17,112,534

Net Assets

$148,799,478

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$606	0.0%
Dividends	$796,422	4.0%
Sales of Assets	$18,684,370	94.7%
Other Income	$248,439	1.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,643,584	62.8%
Compensation of Officers*	$250,000	9.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$148,840,334
Total Liabilities	$40,856
Net Assets	$148,799,478

Compensation

Key Employees and Officers	Compensation	Other
Jerry Gorovoy (Director/President)	$250,000	$27,200
Maggie V Wright (Archivist)	$164,500	$17,664
Sewon Kang (Archivist)	$76,875	$0
Alain Bourgeois (Director/Vp & Treasurer)	$0	$0
Jean Louis Bourgeois (Director/Vp & Secretary)	$0	$0

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990-PF

Filed on Jan. 18, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Oct.
2020

Revenue

$7,840,114

Expenses

$2,050,577

Net Income

$5,789,537

Net Assets

$131,686,944

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,832	0.1%
Dividends	$826,863	10.5%
Sales of Assets	$6,856,476	87.5%
Other Income	$150,943	1.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,285,664	62.7%
Compensation of Officers*	$250,000	12.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$131,727,800
Total Liabilities	$40,856
Net Assets	$131,686,944

Compensation

Key Employees and Officers	Compensation	Other
Alain Bourgeois (Director/Vp & Treasurer)	$250,000	$27,200
Maggie V Wright (Archivist)	$165,000	$16,890
Mira Brunner (Secretary)	$55,000	$4,121
Jean Louis Bourgeois (Director/Vp & Secretary)	$0	$0
Jerry Gorovoy (Director/President)	$0	$0

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990-PF

Filed on Jan. 26, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Oct.
2019

Revenue

$8,389,142

Expenses

$5,722,049

Net Income

$2,667,093

Net Assets

$125,885,342

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,028,494	24.2%
Interest Revenue	$61,167	0.7%
Dividends	$834,581	9.9%
Sales of Assets	$5,365,091	64.0%
Other Income	$99,809	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,997,817	87.3%
Compensation of Officers*	$250,000	4.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$125,929,416
Total Liabilities	$44,074
Net Assets	$125,885,342

Compensation

Key Employees and Officers	Compensation	Other
Jerry Gorovoy (Director/President)	$250,000	$27,200
Maggie V Wright (Archivist)	$148,126	$13,320
Alain Bourgeois (Director/Vp & Treasurer)	$0	$0
Jean Louis Bourgeois (Director/Vp & Secretary)	$0	$0

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990-PF

Filed on March 5, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Oct.
2018

Revenue

$10,225,592

Expenses

$2,163,347

Net Income

$8,062,245

Net Assets

$121,864,243

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$27,566	0.3%
Dividends	$714,592	7.0%
Sales of Assets	$9,237,251	90.3%
Other Income	$246,183	2.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,258,147	58.2%
Compensation of Officers*	$250,000	11.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$121,905,099
Total Liabilities	$40,856
Net Assets	$121,864,243

Compensation

Key Employees and Officers	Compensation	Other
Jerry Gorovoy (Director/President)	$250,000	$19,305
Maggie V Wright (Archivist)	$120,000	$7,643
Alain Bourgeois (Director/Vp & Treasurer)	$0	$0
Jean Louis Bourgeois (Director/Vp & Secretary)	$0	$0

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990-PF

Filed on Feb. 5, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Oct.
2017

Revenue

$8,430,818

Expenses

$2,573,900

Net Income

$5,856,918

Net Assets

$113,648,158

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$263,500	3.1%
Interest Revenue	$36,196	0.4%
Dividends	$367,310	4.4%
Sales of Assets	$7,591,083	90.0%
Other Income	$172,729	2.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,880,780	73.1%
Compensation of Officers*	$650,000	25.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$113,689,014
Total Liabilities	$40,856
Net Assets	$113,648,158

Compensation

Key Employees and Officers	Compensation	Other
Jerry Gorovoy (Director/President)	$650,000	$19,213
Maggie V Wright (Archivist)	$102,737	$6,198
Alain Bourgeois (Director/Vp & Treasurer)	$0	$0
Jean Louis Bourgeois (Director/ Vp & Secretary)	$0	$0

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990-PF

Filed on Jan. 30, 2018

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Oct.
2016

Revenue

$21,149,705

Expenses

$3,858,382

Net Income

$17,291,323

Net Assets

$107,966,500

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,817,258	8.6%
Interest Revenue	$12,491	0.1%
Dividends	$126,582	0.6%
Sales of Assets	$19,051,820	90.1%
Other Income	$141,554	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,742,964	71.1%
Compensation of Officers*	$658,333	17.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$108,007,356
Total Liabilities	$40,856
Net Assets	$107,966,500

Compensation

Key Employees and Officers	Compensation	Other
Jerry Gorovoy (Director/President)	$658,333	$10,600
Maggie V Wright (Archivist)	$87,005	$2,666
Alain Bourgeois (Director/Vp & Treasurer)	$0	$0
Jean Louis Bourgeois (Director/ Vp & Secretary)	$0	$0

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990-PF

Filed on Feb. 28, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Oct.
2015

Revenue

$11,007,501

Expenses

$1,244,041

Net Income

$9,763,460

Net Assets

$89,728,715

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,039	0.0%
Dividends	$134,910	1.2%
Sales of Assets	$10,764,187	97.8%
Other Income	$106,365	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$827,966	66.6%
Compensation of Officers*	$43,650	3.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$89,769,571
Total Liabilities	$40,856
Net Assets	$89,728,715

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2014

Revenue

$9,427,793

Expenses

$1,792,148

Net Income

$7,635,645

Net Assets

$79,923,640

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$256,209	2.7%
Interest Revenue	$0
Dividends	$107,885	1.1%
Sales of Assets	$8,961,584	95.1%
Other Income	$102,115	1.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,488,683	83.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$79,964,496
Total Liabilities	$40,856
Net Assets	$79,923,640

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Oct.
2013

Revenue

$13,896,827

Expenses

$2,911,465

Net Income

$10,985,362

Net Assets

$71,566,181

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$13,197,703	95.0%
Interest Revenue	$0
Dividends	$134,268	1.0%
Sales of Assets	$516,139	3.7%
Other Income	$48,717	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,576,810	88.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$71,597,932
Total Liabilities	$31,751
Net Assets	$71,566,181

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Oct.
2012

Revenue

$13,327,856

Expenses

$1,057,574

Net Income

$12,270,282

Net Assets

$59,112,227

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$12,861,288	96.5%
Interest Revenue	$0
Dividends	$141,270	1.1%
Sales of Assets	$323,129	2.4%
Other Income	$2,169	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$775,964	73.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$59,126,353
Total Liabilities	$14,126
Net Assets	$59,112,227

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Oct.
2011

Revenue

$31,051,135

Expenses

$890,584

Net Income

$30,160,551

Net Assets

$46,777,401

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$30,700,180	98.9%
Interest Revenue	$0
Dividends	$159,611	0.5%
Sales of Assets	$190,331	0.6%
Other Income	$1,013	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$594,478	66.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$46,791,527
Total Liabilities	$14,126
Net Assets	$46,777,401

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The Easton Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $7.89M (2024)

Expenses $2.86M (2024)

Total Assets $168M (2024)

Total Liabilities $40.9k (2024)

Tax Filings by Year

Fiscal Year Ending Oct. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Oct. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Oct. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Oct. 2012

Extracted Financial Data

Revenue

$7.89M (2024)

Expenses

$2.86M (2024)

Total Assets

$168M (2024)

Total Liabilities

$40.9k (2024)

Fiscal Year Ending Oct.
2024

Fiscal Year Ending Oct.
2023

Fiscal Year Ending Oct.
2022

Fiscal Year Ending Oct.
2021

Fiscal Year Ending Oct.
2020

Fiscal Year Ending Oct.
2019

Fiscal Year Ending Oct.
2018

Fiscal Year Ending Oct.
2017

Fiscal Year Ending Oct.
2016

Fiscal Year Ending Oct.
2015

Fiscal Year Ending Oct.
2014

Fiscal Year Ending Oct.
2013

Fiscal Year Ending Oct.
2012

Fiscal Year Ending Oct.
2011

Fiscal Year Ending Oct.
2010

Fiscal Year Ending Oct.
2009

Fiscal Year Ending Oct.
2008

Fiscal Year Ending Oct.
2007

Fiscal Year Ending Oct.
2006

Fiscal Year Ending Oct.
2005

Fiscal Year Ending Oct.
2004

Fiscal Year Ending Oct.
2003

Fiscal Year Ending Oct.
2002

Fiscal Year Ending Oct.
2001