Steven Aresty Foundation
- Assets
- $4.6m
- Revenue
- $320.4k
- Investments
- $4.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2001
- Data as of
- 12/2021
- EIN
- 31-6666392
The information for Steven Aresty Foundation is as of the organization's most recent filing in December '21. This organization is located in New York, NY. It has been in existence for 20 years, following its founding in 2001.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Steven Aresty Foundation's NTEE code is T22. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "22" tells us that the organization is a Private Independent Foundation. The NTEE describes Private Independent Foundations as private foundations that make grants based on charitable endowments and are primarily focused on grantmaking. These foundations are generally endowed, usually from a single individual or family, and do not actively raise funds or seek public financial support. The Steven Aresty Foundation is also classified as a 501(c)(3) organization, meaning it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work, according to the Internal Revenue Code.
Grant History
Our dataset includes seven years of grant history for the Steven Aresty Foundation. Over the course of these seven years, the foundation has awarded a total of 204 grants, with an average check size of $8,066. On average, the foundation awards 29 grants each year. The majority of the grants awarded by the Steven Aresty Foundation are in the Education sector, with a total of 40 grants. Additionally, the foundation has awarded grants in the Arts, Culture & Humanities sector (22 grants) and the Health Care sector (5 grants). In terms of geographical distribution, the foundation has awarded the highest number of grants in New York (129 grants), followed by Connecticut (56 grants). They have also awarded grants in Rhode Island (6 grants), California (5 grants), Pennsylvania (7 grants), and Massachusetts (1 grant).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Aresty Trustee | 5 | $0 | |
Charles Aresty Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $71 |
| Dividends & Interest | $105,020 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $215,205 |
| Capital Gain Net Income | $215,205 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $150 |
| Total Revenue | $320,446 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,238 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $462 |
| Total operating and administrative expenses | $36,096 |
| Contributions, gifts, grants paid | $241,000 |
| Total expenses and disbursements | $277,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,064 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,556,225 |
| 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, Steven Aresty Foundation has awarded $241,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK PHILHARMONIC PURPOSE: FOR THE USE OF THE DONEE ORGANIZATION | $25,000 |
BROWN ANNUAL FUND PURPOSE: FOR THE USE OF THE DONEE ORGANIZATION | $25,000 |
THE WHARTON SCHOOL UNIV OF PA PURPOSE: FOR THE USE OF THE DONEE ORGANIZATION | $25,000 |
New York, NY PURPOSE: FOR THE USE OF THE DONEE ORGANIZATION | $21,000 |
New York, NY PURPOSE: FOR THE USE OF THE DONEE ORGANIZATION | $20,000 |
WESTSIDE CAMPAIGN AGAINST HUNGER PURPOSE: FOR THE USE OF THE DONEE ORGANIZATION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |