Satell Family Foundation
- Assets
- $7.8m
- Revenue
- $2.5m
- Investments
- $7.3m
- Employees
- 0
- Location
- King Of Prussia, PA
- Founding
- 11/1994
- Data as of
- 12/2023
- EIN
- 23-7769039
Organization Overview
Satell Family Foundation is located in King Of Prussia, PA. The organization was established in 1994. 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. Satell Family 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 12/2023, Satell Family Foundation generated $2.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Satell Family Foundation has awarded 262 individual grants totaling $9,631,047. 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 |
|---|---|---|---|
Edward M Satell Trustee | 0.5 | $0 | |
Regina Black-Lennox Director Of Philanthropy | 4 | $29,086 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,182,921 |
| Interest on Savings | $0 |
| Dividends & Interest | $170,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $132,538 |
| Capital Gain Net Income | $132,538 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,485,478 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,086 |
| Other employee salaries and wages | $51,776 |
| Pension plans, employee benefits | $7,668 |
| Interest | $0 |
| Taxes | $7,610 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,795 |
| Printing and publications | $0 |
| Other expenses | $8,088 |
| Total operating and administrative expenses | $128,357 |
| Contributions, gifts, grants paid | $1,382,386 |
| Total expenses and disbursements | $1,510,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,839 |
| Savings and temporary cash investments | $398,555 |
| 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 | $7,343,181 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,764,575 |
| 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, Satell Family Foundation has awarded $1,382,386 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ADMIRALS COVE FOUNDATION PURPOSE: GENERAL USE/ NO RESTRICTIONS | $11,001 |
AMERICAN FRIENDS OF THE HEBREW UNIVERSITY PURPOSE: GENERAL USE/ NO RESTRICTIONS | $94,227 |
AMERICAN FRIENDS OF THE JAFFA INSTITUTE PURPOSE: GENERAL USE/ NO RESTRICTIONS | $114,500 |
AMERICAN ISRAEL EDUCATION FOUNDATION PURPOSE: GENERAL USE/ NO RESTRICTIONS | $100,000 |
AMERICAN TECHNION SOCIETY PURPOSE: GENERAL USE/ NO RESTRICTIONS | $162,195 |
DREXEL UNIVERSITY PURPOSE: GENERAL USE/ NO RESTRICTIONS | $371,812 |