Sebonack Foundation
- Assets
- $131.5k
- Revenue
- $800.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Melville, NY
- Founding
- 10/2006
- Data as of
- 09/2022
- EIN
- 20-5411954
Organization Overview
Sebonack Foundation is located in Melville, NY. The organization was established in 2006. 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. Sebonack 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 09/2022, Sebonack Foundation generated $800.0k 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 (11.4%) each year. All expenses for the organization totaled $915.8k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sebonack Foundation has awarded 241 individual grants totaling $14,023,252. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael C Pascucci Director/president | 0 | $0 | |
Christopher S Pascucci Director/vp | 0 | $0 | |
Ralph P Pascucci Director/vp | 0 | $0 | |
Charles E Becker Jr Treasurer | 0 | $0 | |
Peter I Cavallaro Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $800,000 |
| Interest on Savings | $25 |
| Dividends & Interest | $0 |
| 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 | $0 |
| Total Revenue | $800,025 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $13,711 |
| Pension plans, employee benefits | $2,857 |
| Interest | $0 |
| Taxes | $797 |
| Depreciation | $0 |
| Occupancy | $592 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $914 |
| Total operating and administrative expenses | $19,127 |
| Contributions, gifts, grants paid | $896,668 |
| Total expenses and disbursements | $915,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,025 |
| Savings and temporary cash investments | $25,212 |
| Net Accounts receivable | $51 |
| 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 | $207 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $131,495 |
| Accounts payable and accrued expenses | $6,593 |
| 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 | $6,593 |
Grants Awarded
Over the last fiscal year, Sebonack Foundation has awarded $896,668 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MARYKNOLL FATHERS & BROTHERS PURPOSE: PROMOTE HEALTH & WELFARE OF CHILDREN, DISABLED, CLERGY;RESEARCH & EDUCATION | $100,000 |
MUSTARD SEED COMMUNITIES PURPOSE: PROMOTE HEALTH & WELFARE OF CHILDREN, DISABLED, CLERGY;RESEARCH & EDUCATION | $30,000 |
CARITAS IN VERITATE INT'L USA PURPOSE: PROMOTE HEALTH & WELFARE OF CHILDREN, DISABLED, CLERGY;RESEARCH & EDUCATION | $200,000 |
FELLOWSHIP OF CATHOLIC UNIVERSITY STUDENTS PURPOSE: PROMOTE HEALTH & WELFARE OF CHILDREN, DISABLED, CLERGY;RESEARCH & EDUCATION | $250,000 |
TELECARE PURPOSE: PROMOTE HEALTH & WELFARE OF CHILDREN, DISABLED, CLERGY;RESEARCH & EDUCATION | $300,000 |
URSULINE SISTERS OF TILDONK PURPOSE: PROMOTE HEALTH & WELFARE OF CHILDREN, DISABLED, CLERGY;RESEARCH & EDUCATION | $16,668 |