Mike & Sofia Segal Foundation
- Assets
- $21.4m
- Revenue
- $1.7m
- Investments
- $5.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/2009
- Data as of
- 12/2022
- EIN
- 20-7395108
Organization Overview
Mike & Sofia Segal Foundation is located in New York, NY. The organization was established in 2009. 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. Mike & Sofia Segal 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 12/2022, Mike & Sofia Segal Foundation generated $1.7m 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 (6.9%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mike & Sofia Segal Foundation has awarded 93 individual grants totaling $10,505,508. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mikhail Segal Trustee | 2 | $0 | |
Sofia Segal Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $487,857 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,174,017 |
| Capital Gain Net Income | $2,411,207 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,661,874 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,000 |
| Total operating and administrative expenses | $79,352 |
| Contributions, gifts, grants paid | $1,866,000 |
| Total expenses and disbursements | $1,945,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,258,149 |
| Savings and temporary cash investments | $14,118,793 |
| 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 | $5,000,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $15,818 |
| Total assets | $21,392,760 |
| 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, Mike & Sofia Segal Foundation has awarded $1,866,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST HEALTH FOUNDATION PURPOSE: OPERATIONS | $10,000 |
THE CENTER FOR PEACE PURPOSE: OPERATIONS | $100,000 |
CENTER ON GLOBAL ENERGY POLICY PURPOSE: OPERATIONS | $100,000 |
THE WASHINGTON INSTITUTE FOR NEAR EAST POLICY PURPOSE: OPERATIONS | $50,000 |
BALLET THEATRE FOUNDATION PURPOSE: OPERATIONS | $125,000 |
AMERICAN ISRAEL EDUCATION FOUNDATION PURPOSE: OPERATIONS | $200,000 |