Ivan Seidenberg Foundation Inc
- Assets
- $16.0m
- Revenue
- $1.4m
- Investments
- $15.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1994
- Data as of
- 12/2022
- EIN
- 06-1386525
Organization Overview
Ivan Seidenberg Foundation Inc is located in New York, NY. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ivan Seidenberg Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Ivan Seidenberg Foundation Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ivan Seidenberg Foundation Inc has awarded 203 individual grants totaling $14,571,873. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ivan Seidenberg Chairman Of The Board | 3 | $0 | |
Phyllis Seidenberg Board Member | 3 | $0 | |
Douglas Seidenberg Board Member | 1 | $0 | |
Lisa Agdern Executive Director | 30 | $125,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $193,894 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $165,367 |
| Capital Gain Net Income | $165,367 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$8,167 |
| Total Revenue | $1,351,094 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $125,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,006 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $525 |
| Total operating and administrative expenses | $203,057 |
| Contributions, gifts, grants paid | $1,448,960 |
| Total expenses and disbursements | $1,652,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $871,761 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,866 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,608,607 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,019,063 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ivan Seidenberg Foundation Inc has awarded $1,448,960 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
A CURE IN OUR LIFETIME PURPOSE: GENERAL | $1,000 |
914 CARES PURPOSE: GENERAL | $100 |
AMERICAN CANCER SOCIETY PURPOSE: RESEARCH | $2,500 |
AMERICAN RED CROSS PURPOSE: RELIEF | $3,160 |
ASPCA PURPOSE: GENERAL | $500 |
BEYOND CELIAC PURPOSE: MEDICAL RESEARCH | $55,500 |