Sbca Foundation Inc
- Assets
- $113.3k
- Revenue
- $568.0
- Investments
- $111.9k
- Employees
- 0
- Location
- Albany, NY
- Founding
- 02/2011
- Data as of
- 12/2023
- EIN
- 27-3924461
Organization Overview
Sbca Foundation Inc is located in Albany, NY. The organization was established in 2011. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Sbca 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 12/2023, Sbca Foundation Inc generated $568.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (39.3%) each year. All expenses for the organization totaled $35.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S MISSION IS TO SUPPORT WORTHWHILE CAUSES IMPORTANT TO THE SATELLITE BROADCAST INDUSTRY AND ITS MEMBERS AND TO MAKE GRANTS AND DISTRIBUTIONS IN COMMUNITIES THOUGHOUT THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Fuller Vice Chairwoman | 1 | $0 | |
Jeffery Blum Chairman | 1 | $0 | |
Jason Sophinos Board Member | 1 | $0 | |
Hossein Memarsadeghi Board Member | 1 | $0 | |
Erin Mcllvain Board Member | 1 | $0 | |
Stephen Bracy Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $255 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,147 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,834 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $568 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $25 |
| Contributions, gifts, grants paid | $35,303 |
| Total expenses and disbursements | $35,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249 |
| Savings and temporary cash investments | $1,113 |
| 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 | $113,253 |
| 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, Sbca Foundation Inc has awarded $31,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BEAUREGARD PARISH SCHOOL BOARD PURPOSE: PROVIDING NEW COMPUTERS | $6,000 |
INFORMATION TECHNOLOGY DISASTER RESOURCE PURPOSE: WIRELESS COMMUNICATIONS EQUIPMENT FOR STUDENTS | $25,000 |