Seidman Family Foundation
- Assets
- $3.7m
- Revenue
- $139.0k
- Investments
- $3.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/1952
- Data as of
- 12/2023
- EIN
- 13-6098204
Organization Overview
Seidman Family Foundation is located in Wilmington, DE. The organization was established in 1952. 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. Seidman Family 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, Seidman Family Foundation generated $139.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $716.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Seidman Family Foundation has awarded 1,009 individual grants totaling $3,461,450. 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 |
|---|---|---|---|
Mariah Carlsen Trustee, VP | 1 | $0 | |
Jediah Cirigliano-Seidman Trustee | 1 | $0 | |
Corey Harrower Trustee, Pres, Treas | 1 | $0 | |
B Thomas Seidman Trustee, VP | 1 | $0 | |
Francis Andrew Seidman Trustee | 1 | $0 | |
Nancy C Seidman Trustee, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,715 |
| Dividends & Interest | $79,071 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $79,600 |
| Capital Gain Net Income | $60,714 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$28,375 |
| Total Revenue | $139,011 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,877 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,634 |
| Printing and publications | $0 |
| Other expenses | $59,370 |
| Total operating and administrative expenses | $100,003 |
| Contributions, gifts, grants paid | $616,500 |
| Total expenses and disbursements | $716,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $230,716 |
| 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 | $810,065 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,660,604 |
| 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, Seidman Family Foundation has awarded $616,500 in support to 121 organizations.
| Grant Recipient | Amount |
|---|---|
AFFORDABLE HOMELESS HOUSING ALTERNATIVES INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
ALL FAITHS FOOD BANK INC PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
AKASHINGA INC PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
ACADEMY AT GLENGARY INC PURPOSE: GENERAL & UNRESTRICTED | $4,000 |
AZARA BALLET INC PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
BAIL PROJECT INC PURPOSE: GENERAL & UNRESTRICTED | $1,000 |