Seghy Family Foundation
- Assets
- $1.1m
- Revenue
- $45.1k
- Investments
- $1.0m
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 09/2008
- Data as of
- 12/2023
- EIN
- 26-2929317
Organization Overview
Seghy Family Foundation is located in Irvine, CA. The organization was established in 2008. 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. Seghy 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, Seghy Family Foundation generated $45.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $80.1k during the year ending 12/2023. While expenses have increased by 21.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Seghy Family Foundation has awarded 26 individual grants totaling $105,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDS AND FINANCIAL SUPPORT DIRECTLY TO STUDENTS OF THE APPLIED SCIENCES AND ALSO TO INDIVIDUALS, DOCTORS, CHEMISTS, AND SCIENTISTS WHO ARE ACTIVELY INVOLVED IN MEDICAL RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Lesley Casserd Trustee | 1 | $10,000 | |
Daniel Hales Trustee | 1 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,457 |
| Interest on Savings | $0 |
| Dividends & Interest | $43,326 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,120 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $446 |
| Total Revenue | $45,109 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $218 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $391 |
| Total operating and administrative expenses | $30,108 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $80,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,271 |
| Savings and temporary cash investments | $0 |
| 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 | $471,167 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,052,804 |
| 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, Seghy Family Foundation has awarded $50,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CURE FOR PC FOUNDATION PURPOSE: TO SUPPORT THE CURE FOR PC FOUNDATION | $20,000 |
NEBO EDUCATION FOUNDATION PURPOSE: TO SUPPORT COLLEGE STUDENTS WITH SCHOLARSHIPS | $10,000 |
ANIMAL SAMARITANS PURPOSE: TO SUPPORT SICKAND HOMELESS ANIMALS | $5,000 |
WOUNDED WORRIERS PURPOSE: TO SUPPORT MEDICAL CARE FOR VETERNAS | $5,000 |
DISABLED AMERICAN VETERANS PURPOSE: TO SUPPORT PHYSICAL THERAPY FOR VETERANS | $5,000 |
AMERICAN RED CROSS PURPOSE: TO SUPPORT MEDICAL CARE AND SUPPLIES FOR WAR AND DISASTER RELIEF VICTIMS | $5,000 |