Jay And Kelly Sugarman Foundation
- Assets
- $145.2k
- Revenue
- $109.5k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2004
- Data as of
- 12/2021
- EIN
- 20-0911399
Organization Overview
Jay And Kelly Sugarman Foundation is located in New York, NY. The organization was established in 2004. 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. Jay And Kelly Sugarman 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, Jay And Kelly Sugarman Foundation generated $109.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $176.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Sugarman President/treasurer | 1 | $0 | |
Kelly Sugarman Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $90,000 |
| Interest on Savings | $15 |
| Dividends & Interest | $18,996 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $514 |
| Total Revenue | $109,525 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $110 |
| Total operating and administrative expenses | $175 |
| Contributions, gifts, grants paid | $176,608 |
| Total expenses and disbursements | $176,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,850 |
| Savings and temporary cash investments | $140,364 |
| 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 | $145,214 |
| 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, Jay And Kelly Sugarman Foundation has awarded $176,608 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ELEPHANT COOPERATION PURPOSE: TO PRESERVE THE AFICAN ELEPHANT , THE ENVIRONMENT SURROUNDING AND THE COMMUNITIES & PEOPLE OF AFRICA ALIKE. | $55,000 |
SCRIPPS NATIONAL SPELLING BEE PURPOSE: TO PROMOTE THE ACTIVITIES OF THE SPELLING BEE. | $28,914 |
Chester, PA PURPOSE: TO GIVE BACK TO THE COMMUNITY THROUGH REFURBISHMENT AND YOUTH EMPOWERMENT PROGRAMS. | $26,000 |
BYRD HOFFMAN WATER MILL FOUNDATION PURPOSE: TO PROVIDE A SUPPORTIVE ENVIRONMENT FOR EMERGING ARTISTS TO EXPLORE NEW IDEAS AND FOSTER THEIR CAREER DEVELOPMENT. | $25,000 |
FIRST CHURCH OF CHRIST SCIENTIST PURPOSE: TO PROMOTE THE TEACHING OF CHRISTIAN SCIENCE. | $16,300 |
NFG NEW YORKERS PURPOSE: TO SUPPORT GRASSROOTS POWER BUILDING SO THAT COMMUNITIES OF COLOR AND LOW-INCOME COMMUNITIES THRIVE. | $10,300 |
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 |