Sbm Charitable Foundation Inc
- Assets
- $35.5m
- Revenue
- $1.4m
- Investments
- $34.4m
- Employees
- 0
- Location
- Manchester, CT
- Founding
- 06/2001
- Data as of
- 12/2023
- EIN
- 06-1574365
Organization Overview
Sbm Charitable Foundation Inc is located in Manchester, CT. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Sbm 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 12/2023, Sbm Charitable Foundation Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sbm Charitable Foundation Inc has awarded 998 individual grants totaling $17,219,250. 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 |
|---|---|---|---|
Doreen Downham Ex Dir/secre | 40 | $167,350 | |
Charles L Pike Vice Preside | 0.5 | $0 | |
Laurence P Rubinow Chairman | 0.5 | $0 | |
Douglas K Anderson President | 0.5 | $0 | |
Brian A Orenstein Treasurer | 0.5 | $0 | |
Mary C Devanney Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500 |
| Interest on Savings | $42 |
| Dividends & Interest | $786,241 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $567,063 |
| Capital Gain Net Income | $567,063 |
| Net ST Capital Gain | $567,063 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,353,846 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $167,350 |
| Other employee salaries and wages | $88,157 |
| Pension plans, employee benefits | $73,406 |
| Interest | $0 |
| Taxes | $26,753 |
| Depreciation | $4,057 |
| Occupancy | $13,482 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $118,050 |
| Total operating and administrative expenses | $518,444 |
| Contributions, gifts, grants paid | $1,615,549 |
| Total expenses and disbursements | $2,133,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $1,016,519 |
| 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 | $34,417,022 |
| Net Land, buildings, and equipment | $79,931 |
| Other assets | $0 |
| Total assets | $35,513,772 |
| Accounts payable and accrued expenses | $37,133 |
| Grants payable | $50,000 |
| 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 | $87,133 |
Grants Awarded
Over the last fiscal year, Sbm Charitable Foundation Inc has awarded $1,615,549 in support to 98 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS COMMUNITY ACTION AGENCY FKA PURPOSE: SUPPORT | $2,600 |
ACHIEVE HARTFORD INC PURPOSE: SUPPORT | $3,000 |
ALTRUSA INTERNATIONAL INC PURPOSE: SUPPORT | $4,000 |
AMERICAN RED CROSS CONNECTICUT CHAP PURPOSE: SUPPORT | $5,000 |
ARTS FOR LEARNING CONNECTICUT PURPOSE: SUPPORT | $5,000 |
AUTISM FAMILIES CONNECTICUT PURPOSE: SUPPORT | $1,500 |