Seipp Charitable Tr
- Assets
- $164.8k
- Revenue
- $20.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Seaford, DE
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 20-6409478
Organization Overview
Seipp Charitable Tr is located in Seaford, DE. The organization was established in 2006. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seipp Charitable Tr 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 12/2022, Seipp Charitable Tr generated $20.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $12.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 5 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 |
|---|---|---|---|
Janice S Hall Trustee Trustee | 1 | $0 | |
Stephen C Seipp Trustee Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,676 |
| Dividends & Interest | $0 |
| Net Rental Income | $9,101 |
| 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 | $20,146 |
| 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 | $4,143 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,010 |
| Total operating and administrative expenses | $11,853 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $12,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,123 |
| Savings and temporary cash investments | $54,373 |
| 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 | $102,031 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $296 |
| Total assets | $164,823 |
| 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 | $8,652 |
| Total liabilities | $8,652 |
Grants Awarded
Over the last fiscal year, Seipp Charitable Tr has awarded $1,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOSEPH'S INDIAN SCHOOL PURPOSE: RELIGIOUS EDUCATIONAL | $500 |
SHRINER'S HOSPITAL PURPOSE: MEDICAL ASSISTANCE | $500 |