Seabury Charitable Foundation Inc
- Assets
- $7.3m
- Revenue
- $275.6k
- Investments
- $2.5m
- Employees
- 0
- Location
- Bloomfield, CT
- Founding
- 11/1996
- Data as of
- 09/2023
- EIN
- 06-1458630
Organization Overview
Seabury Charitable Foundation Inc is located in Bloomfield, CT. The organization was established in 1996. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seabury Charitable 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 09/2023, Seabury Charitable Foundation Inc generated $275.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $421.0k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO UPHOLD, PROMOTE AND FURTHER THE WELFARE AND ACTIVITIES OF SEABURY, INC. AND ITS SUBSIDIARIES, CHURCH HOME OF HARTFORD INCORPORATED ("CHHI") AND SEABURY AT HOME INCORPORATED ("SAHI").
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT CHURCH HOME OF HARTFORD, INC. WHICH OPERATES A HEALTH CARE AND INDEPENDENT LIVING COMMUNITY FOR THE ELDERLY AS WELL AS AN ASSISTED LIVING ALZHEIMER FACILITY. CHURCH HOME OF HARTFORD, INC. IS AFFILIATED WITH THE EPISCOPAL DIOCESE OF CONNECTICUT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee J Bernasconi President | Officer | 0.3 | $0 |
Monique R Polidoro Chair | OfficerTrustee | 0.3 | $0 |
Marian Moore Secretary And Treasurer | OfficerTrustee | 0.3 | $0 |
David Crombie Member | Trustee | 0.3 | $0 |
Janet Jones Member | Trustee | 0.3 | $0 |
James Trail Member | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $76,494 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,292 |
| Noncash contributions included in lines 1a–1f | $30,231 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $251,786 |
| Total Program Service Revenue | $0 |
| Investment income | $138,553 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$106,037 |
| Net Income from Fundraising Events | -$8,719 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $275,583 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $178,974 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,332 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,429 |
| Fees for services: Other | $3,950 |
| Advertising and promotion | $8,816 |
| Office expenses | $2,563 |
| Information technology | $1,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $207 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,183 |
| Insurance | $4,200 |
| All other expenses | $0 |
| Total functional expenses | $420,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,246 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $68,888 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $47,418 |
| Investments—publicly traded securities | $4,690,646 |
| Investments—other securities | $2,459,895 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,269,093 |
| Accounts payable and accrued expenses | $41,711 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $176,451 |
| Total liabilities | $218,162 |
| Net assets without donor restrictions | $6,915,542 |
| Net assets with donor restrictions | $135,389 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,269,093 |
Grants Awarded
Over the last fiscal year, Seabury Charitable Foundation Inc has awarded $172,137 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH HOME OF HARTFORD INCORPORATED PURPOSE: RESIDENT SCHOLARSHIPS AND OTHER CHARITABLE CONTRIBUTIONS | $165,603 |
SEABURY AT HOME INCORPORATED PURPOSE: BENEVOLENT SUPPORT FOR SEABURY RESIDENT RECEIVING CARE | $6,534 |