Seremet Fam Foundation Tr
- Assets
- $740.7k
- Revenue
- $103.1k
- Investments
- $723.0k
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 06/2002
- Data as of
- 12/2023
- EIN
- 25-6814214
Organization Overview
Seremet Fam Foundation Tr is located in Pennington, NJ. The organization was established in 2002. 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. Seremet Fam Foundation 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 12/2023, Seremet Fam Foundation Tr generated $103.1k 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 (6.7%) each year. All expenses for the organization totaled $201.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Seremet Fam Foundation Tr has awarded 47 individual grants totaling $706,000. 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 |
|---|---|---|---|
Brian Seremet Co-Trustee | 1 | $0 | |
Eric Seremet Co-Trustee | 1 | $0 | |
Gregory Seremet Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $77,830 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,677 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,214 |
| Capital Gain Net Income | $5,214 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $361 |
| Total Revenue | $103,082 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $569 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $218 |
| Total operating and administrative expenses | $11,711 |
| Contributions, gifts, grants paid | $190,000 |
| Total expenses and disbursements | $201,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,802 |
| Savings and temporary cash investments | $15,897 |
| 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 | $123,489 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $740,726 |
| 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, Seremet Fam Foundation Tr has awarded $190,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
HAMILTON COUNTY HARVEST FOOD BANK INC PURPOSE: UNRESTRICTED GENERAL | $15,000 |
JANUS DEVELOPMENTAL SERVICES INC PURPOSE: UNRESTRICTED GENERAL | $15,000 |
COMMUNITY HEALTH NETWORK INC PURPOSE: UNRESTRICTED GENERAL | $25,000 |
UNIVERSITY OF NOTRE DAME PURPOSE: UNRESTRICTED GENERAL | $25,000 |
SECOND HELPINGS PURPOSE: UNRESTRICTED GENERAL | $15,000 |
FRANCISCAN HEALTH FOUNDATION INC PURPOSE: UNRESTRICTED GENERAL | $20,000 |