Strausman Family Fund Inc
- Assets
- $2.0m
- Revenue
- $145.1k
- Investments
- $1.9m
- Employees
- 0
- Location
- Great Neck, NY
- Founding
- 06/1984
- Data as of
- 11/2023
- EIN
- 11-2587343
Organization Overview
Strausman Family Fund Inc is located in Great Neck, NY. The organization was established in 1984. 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. Strausman Family Fund 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 11/2023, Strausman Family Fund Inc generated $145.1k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $108.1k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Strausman Family Fund Inc has awarded 662 individual grants totaling $609,453. 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 |
|---|---|---|---|
George Strausman President | 0.25 | $0 | |
Samuel Strausman Vice-Pres. | 0.25 | $0 | |
Susan Rietti Treasurer | 0.25 | $0 | |
David Strausman Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,032 |
| Interest on Savings | $3,391 |
| Dividends & Interest | $41,707 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $145,130 |
| 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 | $250 |
| Total operating and administrative expenses | $4,750 |
| Contributions, gifts, grants paid | $103,365 |
| Total expenses and disbursements | $108,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $101,242 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,953,877 |
| 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, Strausman Family Fund Inc has awarded $103,365 in support to 131 organizations.
| Grant Recipient | Amount |
|---|---|
ADELPHI UNIVERSITY FUND PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $250 |
AMERCIAN MUSEUM OF NATURAL HISTORY PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $250 |
AMERICAN CIVIL LIBERTIES UNION FOUNDATION (ACLU) PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $250 |
AMERICAN COMMITTEE FOR SHAARE PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $100 |
AMERICAN FOUNDATION FOR AIDS PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $100 |
AMERICAN FOUNDATION FOR THE BLIND PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $100 |