Emerald Foundation Inc

New York, NY
Tax-exempt since Aug. 1998
EIN: 13-3912580

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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.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.03M (2023)

Expenses

$2.23M (2023)

Total Assets

$26.4M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

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 Dec.
2023

Revenue

$1,031,630

Expenses

$2,225,249

Net Income

-$1,193,619

Net Assets

$26,434,742

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$956,828	92.7%
Sales of Assets	$74,802	7.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,797,516	80.8%
Compensation of Officers*	$118,750	5.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$26,434,742
Total Liabilities	$0
Net Assets	$26,434,742

Compensation

Key Employees and Officers	Compensation	Other
James P Mahaffey (Vice President)	$118,750	$0
Andrew W Heymann (Pres/Director)	$0	$0
Luca Cantelli (Director)	$0	$0
William Blum (Treasurer)	$0	$0
Erika Kellerhals (Director)	$0	$0

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990-PF

Filed on Oct. 8, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$1,280,896

Expenses

$2,078,782

Net Income

-$797,886

Net Assets

$27,714,621

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$599,075	46.8%
Sales of Assets	$681,821	53.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,644,987	79.1%
Compensation of Officers*	$110,000	5.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$27,714,621
Total Liabilities	$0
Net Assets	$27,714,621

Compensation

Key Employees and Officers	Compensation	Other
James P Mahaffey (Vice President)	$110,000	$0
Andrew W Heymann (Pres/Director)	$0	$0
Luca Cantelli (Director)	$0	$0
William Blum (Treasurer)	$0	$0
Erika Kellerhals (Director)	$0	$0

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990-PF

Filed on Nov. 16, 2023

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

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PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,800,939

Expenses

$2,242,475

Net Income

-$441,536

Net Assets

$28,512,507

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$623,228	34.6%
Sales of Assets	$1,177,711	65.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,797,792	80.2%
Compensation of Officers*	$110,000	4.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,512,507
Total Liabilities	$0
Net Assets	$28,512,507

Compensation

Key Employees and Officers	Compensation	Other
James P Mahaffey (Vice President, Director)	$110,000	$3,275
Andrew W Heymann (President, Director)	$0	$0
Robert A Ladislaw (Treasurer, Director)	$0	$0
Luca Cantelli (Director)	$0	$0

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990-PF

Filed on Aug. 11, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$813,503

Expenses

$1,883,153

Net Income

-$1,069,650

Net Assets

$28,954,042

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$842,954	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,520,377	80.7%
Compensation of Officers*	$99,167	5.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,954,043
Total Liabilities	$1
Net Assets	$28,954,042

Compensation

Key Employees and Officers	Compensation	Other
James P Mahaffey (Vice President, Director)	$99,167	$15,793
Andrew W Heymann (President, Director)	$0	$0
Robert A Ladislaw (Treasurer, Director)	$0	$0
Luca Cantelli (Director)	$0	$0

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990-PF

Filed on Oct. 14, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$428,390

Expenses

$2,264,945

Net Income

-$1,836,555

Net Assets

$30,671,224

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,028,800	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,081,830	91.9%
Compensation of Officers*	$100,000	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	$30,671,225
Total Liabilities	$1
Net Assets	$30,671,224

Compensation

Key Employees and Officers	Compensation	Other
Leonard J Lamm (Former Vice President)	$100,000	$4,610
James Mahaffey (Vice President)	$67,500	$8,173
Marianne Gerschel (Former President)	$0	$0
Andrew W Heymann (President, Director)	$0	$0
Robert A Ladislaw (Treasurer, Director)	$0	$0

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990-PF

Filed on July 8, 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 Dec.
2018

Revenue

$2,320,494

Expenses

$2,282,986

Net Income

$37,508

Net Assets

$32,748,909

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,043,660	45.0%
Sales of Assets	$1,276,834	55.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,095,094	91.8%
Compensation of Officers*	$100,000	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	$32,748,909
Total Liabilities	$0
Net Assets	$32,748,909

Compensation

Key Employees and Officers	Compensation	Other
Leonard J Lamm (Vice President)	$100,000	$4,610
Marianne Gerschel (President)	$0	$0
Andrew W Heymann (Vp, Director)	$0	$0
Robert A Ladislaw (Treasurer, Director)	$0	$0

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990-PF

Filed on May 2, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$5,816,079

Expenses

$2,597,950

Net Income

$3,218,129

Net Assets

$32,711,401

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$852,625	14.7%
Sales of Assets	$4,963,454	85.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,332,753	89.8%
Compensation of Officers*	$75,897	2.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$32,711,401
Total Liabilities	$0
Net Assets	$32,711,401

Compensation

Key Employees and Officers	Compensation	Other
Leonard J Lamm (Vice President)	$75,897	$4,557
Marianne Gerschel (President)	$0	$0
Andrew W Heymann (Vp, Director)	$0	$0
Robert A Ladislaw (Treasurer, Director)	$0	$0

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990-PF

Filed on May 10, 2018

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

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Schedules ▼

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Fiscal Year Ending Dec.
2016

Revenue

$2,983,899

Expenses

$2,533,985

Net Income

$449,914

Net Assets

$29,493,272

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$890,403	29.8%
Sales of Assets	$2,093,496	70.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,321,333	91.6%
Compensation of Officers*	$45,659	1.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$29,493,272
Total Liabilities	$0
Net Assets	$29,493,272

Compensation

Key Employees and Officers	Compensation	Other
Gloria Thakuria (Grant Officer)	$55,667	$20,458
Leonard J Lamm (Vice President)	$45,659	$5,022
Marianne Gerschel (President)	$0	$0
Andrew W Heymann (Vp, Director)	$0	$0
Robert A Ladislaw (Treasurer, Director)	$0	$0

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990-PF

Filed on April 25, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$2,046,523

Expenses

$2,401,661

Net Income

-$355,138

Net Assets

$29,043,358

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$946,963	46.3%
Sales of Assets	$1,099,560	53.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,224,839	92.6%
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	$29,043,358
Total Liabilities	$0
Net Assets	$29,043,358

Compensation

Key Employees and Officers	Compensation	Other
Gloria Thakuria (Grant Officer)	$84,310	$32,666
Leonard J Lamm (Exec. V.P.)	$51,114	$8,951
Marianne Gerschel (President)	$0	$0
Andrew W Heymann (Vp, Director)	$0	$0
Robert A Ladislaw (Treasurer, Director)	$0	$0

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990-PF

Filed on April 6, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$2,860,155

Expenses

$2,550,316

Net Income

$309,839

Net Assets

$29,398,496

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,598,071	55.9%
Sales of Assets	$1,262,084	44.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,348,410	92.1%
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	$29,398,496
Total Liabilities	$0
Net Assets	$29,398,496

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$2,109,226

Expenses

$2,274,154

Net Income

-$164,928

Net Assets

$29,088,657

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$994,340	47.1%
Sales of Assets	$1,114,886	52.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,120,494	93.2%
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	$29,088,657
Total Liabilities	$0
Net Assets	$29,088,657

Compensation

Key Employees and Officers	Compensation	Other
Leonard J Lamm (Exec. V.P.)	$58,358	$9,962
Marianne Gerschel (President)	$0	$0
Andrew W Heymann (Vp, Director)	$0	$0
Robert A Ladislaw (Treasurer, Director)	$0	$0

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990-PF

Filed on May 1, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$1,854,180

Expenses

$2,334,047

Net Income

-$479,867

Net Assets

$29,253,585

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,129,347	60.9%
Sales of Assets	$724,833	39.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,176,680	93.3%
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	$29,253,585
Total Liabilities	$0
Net Assets	$29,253,585

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,822,286

Expenses

$2,343,196

Net Income

-$520,910

Net Assets

$29,733,452

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$945,382	51.9%
Sales of Assets	$876,904	48.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,184,851	93.2%
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	$29,733,452
Total Liabilities	$0
Net Assets	$29,733,452

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Emerald Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.03M (2023)

Expenses $2.23M (2023)

Total Assets $26.4M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Revenue

$1.03M (2023)

Expenses

$2.23M (2023)

Total Assets

$26.4M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

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2022

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2021

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Fiscal Year Ending Dec.
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2013

Fiscal Year Ending Dec.
2012

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2011

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