Satell Institute
- Assets
- $13.4m
- Revenue
- $1.1m
- Investments
- $12.7m
- Employees
- 0
- Location
- King Of Prussia, PA
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 47-4675286
Organization Overview
Satell Institute is located in King Of Prussia, PA. The organization was established in 2016. 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. Satell Institute 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 12/2021, Satell Institute generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.3% each year . All expenses for the organization totaled $3.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Satell Institute has awarded 77 individual grants totaling $4,144,975. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE SATELL INSTITUTE INITIATED THE NONPROFIT PARTNER ENRICHMENT EDUCATION INITIATIVE YOUTH ENRICHMENT SERIES (YES). THE INSTITUTE MATCHES ANY FUNDS RAISED AND THEN PARTNERS WITH OTHER 501(C)(3) CHARITIES TO PROVIDE SCHOLARSHIPS TO VARIOUS INTERACTIVE VIRTUAL ENRICHMENT CLASSES THROUGH THE RESPECTIVE NONPROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regina Lennox Secretary | 22.5 | $86,460 | |
Marissa Feldman End 2021 Communications Director | 37.5 | $74,389 | |
Peter Frumkin Research Director | 8 | $72,000 | |
Lori Kappel Administrator | 18.75 | $19,712 | |
John Rafferty End 2021 Communications Director | 37.5 | $0 | |
Edward M Satell Director/pres.-Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $193,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $247,373 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $685,872 |
| Capital Gain Net Income | $685,872 |
| Net ST Capital Gain | $8,462 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,126,245 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $252,976 |
| Other employee salaries and wages | $24,000 |
| Pension plans, employee benefits | $6,665 |
| Interest | $0 |
| Taxes | $40,058 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $127,864 |
| Printing and publications | $0 |
| Other expenses | $96,226 |
| Total operating and administrative expenses | $614,077 |
| Contributions, gifts, grants paid | $3,152,975 |
| Total expenses and disbursements | $3,767,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,082 |
| Savings and temporary cash investments | $413,293 |
| 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 | $13,359,727 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $103,500 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $103,500 |
Grants Awarded
Over the last fiscal year, Satell Institute has awarded $3,152,975 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
King of Prussia, PA PURPOSE: TO PROVIDE FUNDS TO FURTHER SUPPORT THE ORGANIZATION'S MISSION | $3,000,000 |
Norristown, PA PURPOSE: TO MATCH DONATIONS FROM LOCAL BUSINESSES IN SUPPORT OF THE ORGANIZATION'S MISSION | $61,900 |
JUNIOR ACHIEVEMENT PURPOSE: TO MATCH DONATIONS FROM LOCAL BUSINESSES IN SUPPORT OF THE ORGANIZATION'S MISSION | $24,600 |
Philadelphia, PA PURPOSE: TO MATCH DONATIONS FROM LOCAL BUSINESSES IN SUPPORT OF THE ORGANIZATION'S MISSION | $18,000 |
Philadelphia, PA PURPOSE: TO MATCH DONATIONS FROM LOCAL BUSINESSES IN SUPPORT OF THE ORGANIZATION'S MISSION | $11,500 |
GIRL SCOUTS OF EASTERN PENNSYLVANIA PURPOSE: TO MATCH DONATIONS FROM LOCAL BUSINESSES IN SUPPORT OF THE ORGANIZATION'S MISSION | $9,700 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Satell Institute has recieved totaling $22,500.
| Awarding Organization | Amount |
|---|---|
David M & Marjorie D Rosenbertg Foundation Tr Villanova, PA PURPOSE: SAME AS PREVIOUS ORG | $10,000 |
Douglas O And Gail S Tozour Foundation Hilton Head, SC PURPOSE: TO SUPPORT COMMUNITY INITIATIVES | $10,000 |
Poor Richards Charitable Trust Chesterbrook, PA PURPOSE: TO FUND THE OPERATIONAL BUDGETS OF THE ORGANIZATION | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rubin Museum Of Art New York, NY | $219,341,965 | $20,862,684 |
Pussycat Foundation New York, NY | $113,070,433 | $12,403,154 |
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Community Education Building Corp Wilmington, DE | $62,091,900 | $5,409,569 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |
Birthright Israel North America Inc New York, NY | $2,756,137 | $5,688,766 |
Soros Economic Development Fund New York, NY | $190,503,205 | $61,273,314 |