Siemens Foundation
- Assets
- $75.7m
- Revenue
- $10.4m
- Investments
- $73.2m
- Employees
- 0
- Location
- Iselin, NJ
- Founding
- 07/1999
- Data as of
- 09/2021
- EIN
- 52-2136074
Organization Overview
Siemens Foundation is located in Iselin, NJ. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Siemens 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 09/2021, Siemens Foundation generated $10.4m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $8.0m during the year ending 09/2021. While expenses have increased by 3.0% per year over the past 3 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 2020, Siemens Foundation has awarded 54 individual grants totaling $13,327,717. 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 |
|---|---|---|---|
David Etzwiler CEO | 36 | $393,175 | |
Jeniffer Harper Taylor Program Manager | 37 | $235,472 | |
Crystal Bridgeman Program Manager | 37 | $231,392 | |
Renee Molloy Program Coordinator | 38 | $122,085 | |
Keisha Boykins Program Specialist | 38 | $77,798 | |
Marsha Smith Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Discovery Education | 9/29/21 | $350,000 |
Education Strategy Group | 9/29/21 | $600,000 |
Northern Trust | 9/29/21 | $203,341 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,400,000 |
| Interest on Savings | $3,896 |
| Dividends & Interest | $1,311,191 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,400,275 |
| Capital Gain Net Income | $3,400,275 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $285,093 |
| Total Revenue | $10,400,455 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $435,165 |
| Other employee salaries and wages | $487,570 |
| Pension plans, employee benefits | $62,392 |
| Interest | $0 |
| Taxes | $63,606 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,545 |
| Printing and publications | $0 |
| Other expenses | $408,434 |
| Total operating and administrative expenses | $1,701,699 |
| Contributions, gifts, grants paid | $6,340,829 |
| Total expenses and disbursements | $8,042,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,932,615 |
| Savings and temporary cash investments | $556,562 |
| 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 | $73,221,129 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $75,710,306 |
| Accounts payable and accrued expenses | $469,230 |
| Grants payable | $1,266,350 |
| 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 | $1,735,580 |
Grants Awarded
Over the last fiscal year, Siemens Foundation has awarded $6,303,250 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: ADVANCING EQUITABLE YOUTH ECONOMICS | $1,200,000 |
Washington, DC PURPOSE: WORK BASED LEARNING FOR STEM | $656,983 |
Chicago, IL PURPOSE: CHILD HUNGER INITIATIVES | $600,000 |
Washington, DC PURPOSE: EXPANDING YOUTH APPRENTICESHIP | $500,000 |
ASSOCIATION OF CONTROL PROFESSIONALS PURPOSE: CAREER PATH FOR 21ST CENTURY | $446,000 |
Chicago, IL PURPOSE: COMPREHENSIVE WORKFORCE DEVELOPMENT FOR CYBERSECURITY IN MANUFACTURING | $373,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Echoing Green Inc New York, NY | $60,744,468 | $19,754,073 |
Partnership For Ed Advancement Inc New York, NY | $36,194,552 | $41,198,488 |
Alavi Foundation New York, NY | $64,468,510 | $30,201,673 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
Uncommon Lender Inc New York, NY | $174,239,408 | $12,168,791 |
Family Enrichment Network Inc Johnson City, NY | $8,020,609 | $12,621,621 |
James Annenberg La Vea Charitable Foundation Philadelphia, PA | $176,224,277 | $5,500,392 |
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |