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STARITCH FOUNDATION INC
SARANAC LAKE, NY · EIN 141827670 · Form 990PF · FY2024 · NTEE T22 · Philanthropy & Grantmaking · Small ($100K-$1M)
revenue
$460K
expenses
$37K
net assets
$2.9M
employees
—
profile · synthesized from sources

Private foundation based in Saranac Lake, NY that makes grants to support community institutions in education, healthcare, environmental conservation, and the arts. Primary giving focus appears to be on organizations in the Adirondack region, with select grants to national and educational entities. No direct services are operated by the foundation.

named programs · 1 · from sources

What they call their work

Community Grantmaking Program
Provides financial support to nonprofit organizations in areas including education, healthcare, environmental protection, arts, and community development
activities · 7 groups

What they do

  • Environmental Conservation Grantmaking 3 activities
    • Funding environmental conservation of Upper Saranac Lake
      Supports water quality protection efforts for Upper Saranac Lake through grants to the Upper Saranac Lake Foundation Inc.
    • Funding outdoor environmental education
      Provides funding to the Ashokan Foundation to support outdoor environmental education programs.
    • Funding trail development and maintenance
      Finances the Barkeater Trails Alliance to build, maintain, and advocate for community and backcountry trails used for ski touring and mountain biking.
  • Performing Arts Production Support 1 activity
    • Funding arts in education programs
      Supports arts-integrated education initiatives through grants to organizations including the Nicole Canuso Dance Company and the Wilma Theater.
  • Hospital and Medical Center Support 1 activity
    • Funding community health services
      Provides financial support to Adirondack Medical Center for community hospital services.
  • Private K–12 School Support 1 activity
    • Funding educational initiatives at schools and colleges
      Supports educational programming through grants to institutions including Northwood School, Burke Mountain Academy, and FGCU - Fdn of Collier County Community College.
  • General Support for Catholic and Faith-Based Organizations 1 activity
    • Funding ministry activities
      Funds the Church of the Ascension to support religious ministry activities.
  • Charitable Grantmaking to Specific Causes 1 activity
    • Funding regional disaster relief for low-income families
      Supports regional relief efforts for low-income families through grants to the American Red Cross.
  • Historic Preservation Support Grants 1 activity
    • Funding regional historical preservation
      Provides funding to Historic Saranac Lake to preserve regional history and architecture as a means of community strengthening.
financials · form 990PF · fy2024
revenue
Total revenue$460K
Contributions & grants$29K6%
Program service revenue——
Investment income$76K17%
Other revenue$351K
expenses
Total expenses$37K
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$0
Grants paid out$413K
balance sheet
Total assets$2.86M
Cash—
Investments—
Liabilities—
Net assets$2.86M
3 years on record · 2020–2024 · YoY revenue +104.5%
leadership · form 990 part vii · fy2024

Who runs it

board members · 9
  • ALEXANDER R VALHOULI — DIRECTOR
  • CAROLYN R DONATELLO — DIRECTOR
  • DOROTHY R VALHOULI — SECRETARY/DIRECTOR
  • JAMES M RITCHIE — PRESIDENT/DIRECTOR
  • JAMES R VALHOULI — DIRECTOR
  • ROBERT M HOLUM — VICE-PRESIDENT/DIRECTOR
  • SALLY B RITCHIE — TREASURER/DIRECTOR
  • SOLVEIG A HOLUM LYFORD — DIRECTOR
  • STEPHEN M RITCHIE — DIRECTOR
relationships · 12

Who they work with

  • ADIRONDACK MEDICAL CENTER Partner — Receives grant funding to support community hospital services.
  • AMERICAN RED CROSS Partner — Receives grant funding for regional relief efforts for needy families.
  • ASHOKAN FOUNDATION Partner — Receives grant funding for outdoor environmental education.
  • BARKEATER TRAILS ALLIANCE Partner — Receives grant funding to build, maintain, and advocate for trails.
  • BURKE MOUNTAIN ACADEMY Partner — Receives grant funding to support educational programs.
  • CHURCH OF THE ASCENSION Partner — Receives grant funding for ministry activities.
  • FGCU - FDN OF COLLIER COUNTY COMMUNITY COLLEGE Partner — Receives grant funding to support education.
  • HISTORIC SARANAC LAKE Partner — Receives grant funding to preserve regional history and architecture.
  • NICOLE CANUSO DANCE COMPANY Partner — Receives grant funding for arts in education programming.
  • NORTHWOOD SCHOOL Partner — Receives grant funding to support education.
  • UPPER SARANAC LAKE FOUNDATION INC Partner — Receives grant funding to protect water quality of Upper Saranac Lake.
  • WILMA THEATER Partner — Receives grant funding for arts in education programming.