Scully Peretsman Foundation
- Assets
- $32.6m
- Revenue
- $802.3k
- Investments
- $31.5m
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 08/1998
- Data as of
- 12/2022
- EIN
- 13-3982344
Organization Overview
Scully Peretsman Foundation is located in Miami Beach, FL. The organization was established in 1998. 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. Scully Peretsman 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 12/2022, Scully Peretsman Foundation generated $802.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (36.8%) each year. All expenses for the organization totaled $9.8m during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert W Scully Trustee | 1 | $0 | |
Nancy B Peretsman Trustee | 1 | $0 | |
Emma C Scully Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $345,300 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $299,632 |
| Capital Gain Net Income | $299,632 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $157,380 |
| Total Revenue | $802,312 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $109,123 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,610 |
| Total operating and administrative expenses | $322,625 |
| Contributions, gifts, grants paid | $9,517,858 |
| Total expenses and disbursements | $9,840,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,075 |
| Savings and temporary cash investments | $1,122,773 |
| 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 | $12,825,905 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $32,613,532 |
| 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, Scully Peretsman Foundation has awarded $9,517,858 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE LIST ATTACHED PURPOSE: GENERAL PURPOSE | $989,921 |
SEE LIST ATTACHED PURPOSE: GENERAL PURPOSE | $8,527,937 |