Siochain Foundation
- Assets
- $5.8m
- Revenue
- $487.8k
- Investments
- $1.6m
- Employees
- 0
- Location
- Tysons, VA
- Founding
- 08/1999
- Data as of
- 12/2023
- EIN
- 06-1519387
Organization Overview
Siochain Foundation is located in Tysons, VA. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Siochain Foundation 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 12/2023, Siochain Foundation generated $487.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $4.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $180,761 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $227,663 |
| Capital Gain Net Income | $227,663 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $79,327 |
| Total Revenue | $487,751 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,854 |
| Total operating and administrative expenses | $49,758 |
| Contributions, gifts, grants paid | $4,702,005 |
| Total expenses and disbursements | $4,751,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $774,031 |
| Savings and temporary cash investments | $3,362,751 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,568,036 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,752,509 |
| 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, Siochain Foundation has awarded $4,702,005 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH GARDEN VOLUNTEER FIRE CO PURPOSE: FOR GENERAL USE IN SERVING THE COMMUNITY | $2,000 |
NATIONAL PHILANTHROPIC TRUST - SIOCHAIN FOUNDATION (DONOR-ADVISED FUND) PURPOSE: TO SUPPORT VARIOUS PUBLIC CHARITIES AS DETERMINED BY FUND MANAGER | $4,700,000 |
VARIOUS ORGANIZATIONS (VIA PLEXUS FUND III SCHEDULE K-1) PURPOSE: FLOW-THROUGH CHARITABLE ACTIVITIES | $5 |