Joseph S & Diane H Steinberg 1992 Charitable Trust
- Assets
- $48.2m
- Revenue
- $2.2m
- Investments
- $46.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1993
- Data as of
- 06/2022
- EIN
- 13-7002791
Organization Overview
Joseph S & Diane H Steinberg 1992 Charitable Trust is located in New York, NY. The organization was established in 1993. 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. Joseph S & Diane H Steinberg 1992 Charitable Trust 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 06/2022, Joseph S & Diane H Steinberg 1992 Charitable Trust generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. While expenses have increased by 1.4% per year over the past 7 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 2016, Joseph S & Diane H Steinberg 1992 Charitable Trust has awarded 314 individual grants totaling $17,593,312. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Steinberg Trustee | 2 | $0 | |
Diane Steinberg Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,579,101 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $623,950 |
| Capital Gain Net Income | $623,950 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,203,051 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $8,282 |
| Taxes | $157,539 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $87,484 |
| Total operating and administrative expenses | $515,066 |
| Contributions, gifts, grants paid | $3,047,594 |
| Total expenses and disbursements | $3,562,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,370,775 |
| Savings and temporary cash investments | $0 |
| 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 | $28,004,246 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $48,154,967 |
| 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, Joseph S & Diane H Steinberg 1992 Charitable Trust has awarded $3,047,594 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK UNIVERSITY PURPOSE: CHARITABLE 501(C)(3) | $1,370,089 |
CONGREGATION MT SINAI PURPOSE: CHARITABLE 501 C3 | $36,000 |
ST ANNS WAREHOUSE PURPOSE: CHARITABLE 501 C3 | $87,750 |
BROOKLYN ACADEMY OF MUSIC PURPOSE: CHARITABLE 501 C3 | $9,341 |
BROOKLYN BOTANIC GARDEN PURPOSE: CHARITABLE 501C3 | $418,972 |
BROOKLYN MUSUEM OF ART PURPOSE: CHARITABLE 501 C3 | $10,000 |