Sefcu Foundation
- Assets
- $696.6k
- Revenue
- $484.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, NY
- Founding
- 02/1995
- Data as of
- 12/2021
- EIN
- 14-1776369
Organization Overview
Sefcu Foundation is located in Albany, NY. The organization was established in 1995. 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. Sefcu 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 12/2021, Sefcu Foundation generated $484.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $585.9k during the year ending 12/2021. While expenses have increased by 7.7% 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 2020, Sefcu Foundation has awarded 44 individual grants totaling $723,869. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH COMMUNITY LIFE IN THE REGION BY PROVIDING OPPORTUNITIES TO HELP THE PUBLIC REACH THEIR FULLEST POTENTIAL. THIS IS ACCOMPLISTED BY SUPPORTING LOCAL NONPROFIT ORGANIZATIONS FOR PROJECTS AND SPECIAL EVENTS THAT DIRECTLY BENEFIT THOSE WITH PHYSICAL, EMOTIONAL AND FINANCIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO NEIGHBOR HUNGRY - DURING THE COVID-19 GLOBAL PANDEMIC, THE FOUNDATION HELD TWO CAMPAIGNS RAISING FUNDS THROUGH CONTRIBUTIONS FROM VARIOUS ORGANIZATIONS AND THE COMMUNITY AT LARGE THROUGHOUT THE GREATER CAPITAL REGION TO BE DONATED TO FOOD PANTRIES AND ORGANIZATIONS WHO WERE PROVIDING MEALS TO FAMILIES IN NEED.
GRANTS GIVEN TO CHARITABLE ORGANIZATIONS - THE FOUNDATION GIVES GRANTS TO LOCAL AREA 501(C)(3) CHARITABLE ORGANIZATIONS TO BENEFIT LOCAL AREA ADULTS AND CHILDREN WITH PHYSICAL, EMOTIONAL AND FINANCIAL NEEDS.
HOLIDAY SHARE - DURING THE HOLIDAYS, THE FOUNDATION RECEIVES WISH LISTS FOR FAMILIES IN NEED FROM LOCAL 501(C)(3) CHARITABLE ORGANIZATIONS AND SOCIAL SERVICE OFFICES. FOUNDATION VOLUNTEERS SHOP (WITHIN AN APPROVED BUDGET) FOR THESE FAMILIES AND PROVIDE THEM WITH THE ITEMS ON THEIR WISH LISTS. THE FOUNDATION ALSO PROVIDES WINTER COATS, HATS, GLOVES AND SCARVES TO LOCAL 501(C)(3) CHARITABLE ORGANIZATIONS TO DISTRIBUTE TO FAMILIES IN NEED. SIXTY FIVE ORGANIZATIONS WERE PROVIDED ITEMS, WHICH BENEFITED 212 FAMILIES IN THE CAPITAL REGION.
ROOM RENOVATIONS - THE FOUNDATION RENOVATES ROOMS IN THE FACILITIES OF NONPROFIT ORGANIZATIONS THAT BENEFIT CHILDREN IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Warren Vice Chair | OfficerTrustee | 12 | $0 |
Leah Lamoureux Secretary | OfficerTrustee | 12 | $0 |
Kathy Sansone Treasurer | OfficerTrustee | 12 | $0 |
Katherine Lanni Chair | OfficerTrustee | 12 | $0 |
Samoria Zurlo Board Member | Trustee | 4 | $0 |
Mark Duffy Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $139,239 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $345,017 |
| Noncash contributions included in lines 1a–1f | $5,122 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $484,256 |
| Total Program Service Revenue | $0 |
| Investment income | $368 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$360 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $484,264 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $581,634 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $572 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,730 |
| Total functional expenses | $585,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,586 |
| Savings and temporary cash investments | $634,013 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $696,599 |
| Accounts payable and accrued expenses | $28,324 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $28,324 |
| Net assets without donor restrictions | $551,643 |
| Net assets with donor restrictions | $116,632 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $696,599 |
Grants Awarded
Over the last fiscal year, Sefcu Foundation has awarded $309,030 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
Kennesaw, GA PURPOSE: REAL KIDS WEAR PINK PROGRAM | $59,000 |
Albany, NY PURPOSE: NO NEIGHBOR HUNGRY | $52,200 |
Dallas, TX PURPOSE: 2021 HEART WALK & CYCLENATION | $46,030 |
Albany, NY PURPOSE: FOOD PANTRY PROGRAM | $20,000 |
Latham, NY PURPOSE: FOOD PANTRY | $10,000 |
Troy, NY PURPOSE: NO NEIGHBOR HUNGRY | $5,800 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sefcu Foundation has recieved totaling $577.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $577 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |