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TOWER FOUNDATION OF MANHASSET INC

MANHASSET, NY · EIN 113055013 · Form 990 · FY2024 · Micro (<$100K) · towerfoundation.com
revenue
$91K
expenses
$72K
net assets
$665K
employees
0
volunteers
32
program ratio
77%
mission · from form 990

To provide support of education in the Manhasset Public Schools. The Foundation is similar to the endowment of a college or prep school.

profile · synthesized from sources

The Tower Foundation of Manhasset is a nonprofit established in 1991 to support public education in the Manhasset school district. It raises private funds to provide grants for educational initiatives not covered by the school budget, focusing on arts, technology, and professional development. The foundation partners with the Manhasset Board of Education to fund projects that enhance student learning and school infrastructure.

named programs · 6 · from sources

What they call their work

Future Ready Classrooms
Redesigned classrooms with flexible furniture, LED lighting, and updated technology to support individualized and active learning.
Innovation Lab
Provided engineering equipment for a secondary school lab to support STEM education and technology programs for grades 7–12.
ScholarChip Security System
Funded a digital visitor management and student attendance tracking system across Manhasset schools to enhance campus security.
Teacher Grant Program
Annual grants of up to $500 for teachers’ professional development, with $10,000 allocated yearly across the district.
Tower Foundation Scholarship
One-time $1,000 scholarship awarded to a Manhasset High School senior active in Junior Tower, based on leadership and community service.
zSpace 3D Interactive Labs
Installed virtual reality labs in multiple schools to provide interactive STEM learning experiences in subjects like science and math.
activities · 4 groups

What they do

  • Teacher & Classroom Innovation Grants 3 activities
    • Awarding grants for teacher and staff professional development
      Provides annual grants totaling up to $10,000 for professional development opportunities for teachers and staff across Manhasset public schools. Also awards individual grants of up to $500 for activities pursued outside the school year, with funding to be used within one year of award.
    • Funding innovative educational initiatives in Manhasset Public Schools
      Provides financial support for innovative educational programs and infrastructure improvements in Manhasset Public Schools, including technology upgrades, curriculum enhancements, and facility modernization. Total donations have exceeded $2.4 million through private-sector fundraising.
    • Funding technology and infrastructure projects in schools
      Finances technology and infrastructure improvements in Manhasset Public Schools, including interactive whiteboards, Wi-Fi expansion, digital signage, ScholarChip security systems, stadium lighting, and Future-ready Classrooms equipped with modern technology and flexible furniture.
  • Workplace and Affiliate Giving Programs 1 activity
    • Generating funding through charity partnership events
      Receives 25% of full-price sales from purchases made during Americana's Champions for Charity event when selected as the designated charity, leveraging community business partnerships to generate support for educational initiatives.
  • Community Festival & Event Production 1 activity
    • Hosting community events for children and families
      Organizes and hosts community events for elementary-aged children and families, including BINGO, Trunk or Treat, gingerbread decorating, egg decorating, and an annual dinner-dance event for dozens of attendees.
  • Local High School Scholarship Programs 1 activity
    • Providing a senior scholarship to a graduating student
      Offers a one-time $1,000 scholarship to a Manhasset High School graduating senior who demonstrates leadership in Junior Tower, academic achievement, and community commitment.
financials · form 990 · fy2024
revenue
Total revenue$91K
Contributions & grants$12K13%
Program service revenue$00%
Investment income$21K23%
Other revenue$58K
expenses
Total expenses$72K
Program expenses77%
Admin / overhead23%
Fundraising0%
Salaries & benefits$0
Grants paid out$54K
Largest expense lineFacilities
balance sheet
Total assets$665K
Cash$260K
Investments$397K
Liabilities$0
Net assets$665K
Liquid reserves109.6 mo
3 years on record · 2020–2024 · YoY revenue -19.8%
leadership · form 990 part vii · fy2024

Who runs it

board members · 14
  • Alicia Cho — CO-PRESIDENT
  • Amanda Marino — Director
  • Anna Mihalos — Secretary
  • Antonietta Manzi — CO-PRESIDENT
  • Argie Vatakis — Vice President
  • Caroline Smith — Vice President
  • Chistine Lucchese — Director
  • Dina Camera — Director
  • Elena Vases — Director
  • Emily Coppock — Director
  • Jaime Zito — DIRECTOR
  • Kimberly Mancini — Director
  • Madeleine Ciccone — Director
  • marisa Weigand — DIRECTOR
relationships · 13

Who they work with

  • Americana Manhasset Partner — Collaborates on the Champions for Charity holiday shopping benefit event.
  • Americana Manhasset Partner — Partners with Americana Manhasset for the Champions for Charity shopping event to generate donations for the Tower Foundation of Manhasset.
  • Businesses interested in event partnerships Partner — Organizations invited to collaborate with the foundation on events.
  • Herms Partner — Collaborates with Hermés on a charity shopping event to raise funds for the Tower Foundation of Manhasset.
  • Manhasset Board of Education Partner — Collaborates annually with the Board of Education and school administrations to identify and support key educational initiatives.
  • Manhasset High School Partner — Collaborates with the school to identify and award graduating seniors for service and leadership.
  • Manhasset Public Schools Partner — Provides grants to enrich the educational experience of students across the district.
  • Manhasset Public Schools Partner — Receives grant funding from Tower Foundation to support educational programs and infrastructure.
  • Manhasset Public Schools Partner — Receives grant funding from the Tower Foundation for educational initiatives and infrastructure improvements.
  • Manhasset Public Schools Partner — Recipient of grant funding for teacher and staff professional development.
  • Manhasset Public Schools Partner — Recipient of grants funded by the Tower Foundation of Manhasset.
  • North Hempstead Country Club Partner — Hosted the Tower Foundation's annual dinner-dance event.
  • Tower Foundation Partner — Mentorship and organizational support for the Junior Tower Foundation
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Invest in Educators for Residual Student Benefit
    methodology: invest-in-educators
    By supporting teacher and staff professional development, the foundation generates long-term, system-wide improvements in education quality, because well-trained educators produce better student outcomes year after year.
  • Private-Sector Funding to Compensate for Public Education Gaps
    methodology: private-sector_funding_to_compensate_for_public_funding_gaps
    By raising private-sector funds, the foundation addresses shortfalls in public education funding caused by declining state support and rising enrollment, ensuring sustained investment in critical school initiatives that would otherwise be underfunded.
  • Targeted Educational Enrichment via Grantmaking
    methodology: targeted_enrichment-funding
    By directing grants toward arts, technology, and STEM programs not covered by standard school budgets, the foundation enhances student learning experiences and prepares them for future global competitiveness, because targeted investments in high-impact areas yield disproportionate educational returns.
  • Youth Leadership Development Through Service and Recognition
    methodology: leadership-development-through-service
    By mentoring students in event organization, financial management, and communication, and recognizing their leadership through scholarships, the foundation builds civic engagement and personal growth, because hands-on responsibility and formal recognition reinforce each other in shaping future leaders.