Surtman Foundation
- Assets
- $1.5m
- Revenue
- $690.8k
- Investments
- $1.2m
- Employees
- 0
- Location
- Smithfield, VA
- Founding
- 03/1954
- Data as of
- 07/2024
- EIN
- 56-6056565
Organization Overview
Surtman Foundation is located in Smithfield, VA. The organization was established in 1954. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Surtman Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Surtman Foundation has awarded 200 individual grants totaling $1,017,601. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,050 |
| Dividends & Interest | $42,890 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $646,890 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $690,830 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| 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 | $1,862 |
| Total operating and administrative expenses | $18,747 |
| Contributions, gifts, grants paid | $222,000 |
| Total expenses and disbursements | $240,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $301,067 |
| 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 | $1,472,169 |
| 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, Surtman Foundation has awarded $222,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU FOUNDATION PURPOSE: COMMUNITY SERVICE | $6,000 |
BLUE RIDGE PARKWAY FOUNDATION PURPOSE: COMMUNITY SERVICE | $1,000 |
CITYSIDE JOURNALISM PURPOSE: COMMUNITY SERVICE | $10,000 |
DAVIDSON COMMUNITY PLAYERS PURPOSE: COMMUNITY SERVICE | $2,500 |
DESTINY FAMILY CENTER PURPOSE: RELIGIOUS | $2,500 |
DOCTORS WITHOUT BORDERS PURPOSE: DISASTER RELIEF | $3,000 |