Franz W Sichel Foundation
- Assets
- $1.6m
- Revenue
- $468.0k
- Investments
- $1.4m
- Employees
- 0
- Location
- Arlington, MA
- Founding
- 09/1962
- Data as of
- 05/2024
- EIN
- 13-6115904
Organization Overview
Franz W Sichel Foundation is located in Arlington, MA. The organization was established in 1962. 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. Franz W Sichel 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 05/2024, Franz W Sichel Foundation generated $468.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $152.3k during the year ending 05/2024. While expenses have increased by 4.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Franz W Sichel Foundation has awarded 312 individual grants totaling $663,905. 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 |
|---|---|---|---|
Peter Mf Sichel Assistant Treas/director | 1 | $0 | |
Kim Sichel Treasurer/director | 1 | $0 | |
Katharine Brown Secretary/director | 1 | $0 | |
Erich Hahn Jr Director | 1 | $0 | |
Sylvia Sichel Director | 1 | $0 | |
Bettina Sichel Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,110 |
| Dividends & Interest | $71,836 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $389,876 |
| Capital Gain Net Income | $389,876 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $226 |
| Total Revenue | $468,048 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,930 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,277 |
| Printing and publications | $0 |
| Other expenses | $634 |
| Total operating and administrative expenses | $33,402 |
| Contributions, gifts, grants paid | $118,925 |
| Total expenses and disbursements | $152,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,513 |
| Savings and temporary cash investments | $147,212 |
| 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 | $1,597,730 |
| 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, Franz W Sichel Foundation has awarded $118,925 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKLYN MUSEUM OF ART PURPOSE: GENERAL OPERATING PURPOSES | $500 |
BROWN UNIVERSITY PURPOSE: GENERAL OPERATING PURPOSES | $1,500 |
BROOKLYN ACADEMY OF MUSIC TICKETS PURPOSE: GENERAL OPERATING PURPOSES | $300 |
CITY HARVEST PURPOSE: GENERAL OPERATING PURPOSES | $1,000 |
COLUMBIA RECOVERY KITCHEN PURPOSE: GENERAL OPERATING PURPOSES | $500 |
CITY MEALS ON WHEELS PURPOSE: GENERAL OPERATING PURPOSES | $2,000 |