Silver Foundation Inc
- Assets
- $8.2m
- Revenue
- $955.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 02/2002
- Data as of
- 04/2023
- EIN
- 54-1556341
Organization Overview
Silver Foundation Inc is located in Boca Raton, FL. The organization was established in 2002. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silver 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 04/2023, Silver Foundation Inc generated $955.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $906.2k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Silver Foundation Inc has awarded 77 individual grants totaling $1,522,837. 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 |
|---|---|---|---|
Larry D Silver President | 0 | $0 | |
Spencer Silver Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $955,000 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| Net Rental Income | $2 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $955,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,824 |
| Depreciation | $0 |
| Occupancy | $15,123 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $143,793 |
| Total operating and administrative expenses | $217,540 |
| Contributions, gifts, grants paid | $688,667 |
| Total expenses and disbursements | $906,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,776 |
| Savings and temporary cash investments | $25,000 |
| 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 | $8,081,981 |
| Other assets | $0 |
| Total assets | $8,167,757 |
| Accounts payable and accrued expenses | $50,100 |
| 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 | $375,000 |
| Total liabilities | $425,100 |
Grants Awarded
Over the last fiscal year, Silver Foundation Inc has awarded $688,667 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $2,500 |
AMERICAN CANCER SOCIETY PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $1,000 |
AMERICAN HEART ASSOCIATION PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $25,000 |
BOCA CHESED HOUSE PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $18,000 |
BOYS AND GIRLS CLUB OF RAPPAHANNOCK REGION PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $15,000 |
CANDLES HOLOCAUST MUSEUM PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $1,500 |