Sitchin Foundation Inc
- Assets
- $5.3m
- Revenue
- $361.1k
- Investments
- $5.2m
- Employees
- 0
- Location
- West Harrison, NY
- Founding
- 11/2007
- Data as of
- 12/2022
- EIN
- 26-0814762
Organization Overview
Sitchin Foundation Inc is located in West Harrison, NY. The organization was established in 2007. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Sitchin Foundation Inc 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, Sitchin Foundation Inc generated $361.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $423.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sitchin Foundation Inc has awarded 324 individual grants totaling $2,353,412. 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 |
|---|---|---|---|
Salo Aizenberg Director/secretary | 7 | $28,700 | |
Arthur Feldman Director/treasurer | 2 | $13,700 | |
Amnon Sitchin Director/vice President | 2 | $13,700 | |
Janet Sitchin Director/asst. Treasurer | 2 | $13,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $344,729 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$77,706 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $94,100 |
| Total Revenue | $361,123 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $69,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,965 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58,479 |
| Total operating and administrative expenses | $152,324 |
| Contributions, gifts, grants paid | $270,757 |
| Total expenses and disbursements | $423,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,118 |
| Savings and temporary cash investments | $83,665 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,322,643 |
| 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, Sitchin Foundation Inc has awarded $270,757 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
AISH SOUTH FLORIDA PURPOSE: UNRESTRICTED | $45,000 |
BETH EL SYNAGOGUE CENTER PURPOSE: UNRESTRICTED | $22,060 |
BINGHAMTON UNIVERSITY FOUNDATION PURPOSE: UNRESTRICTED | $8,000 |
BURN DESIGN LAB PURPOSE: UNRESTRICTED | $36,000 |
CHILDRENS HOSPITAL OF PHILADELPHIA PURPOSE: UNRESTRICTED | $7,000 |
CONGREGATION RODFEI TZEDEK PURPOSE: UNRESTRICTED | $1,000 |