Harcourt M Sylvester Charitable Foundation Inc
- Assets
- $26.2m
- Revenue
- $2.0m
- Investments
- $26.2m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 09/1980
- Data as of
- 07/2023
- EIN
- 59-2018824
Organization Overview
Harcourt M Sylvester Charitable Foundation Inc is located in Palm Beach, FL. The organization was established in 1980. 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. Harcourt M Sylvester Charitable 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 07/2023, Harcourt M Sylvester Charitable Foundation Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $2.5m during the year ending 07/2023. While expenses have increased by 10.5% per year over the past 6 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 2015, Harcourt M Sylvester Charitable Foundation Inc has awarded 249 individual grants totaling $13,452,579. 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 |
|---|---|---|---|
Jayne Sylvester Malfitano Pres/sec/director | 20 | $80,000 | |
Laura Sylvester Vice Pres/director | 5 | $40,000 | |
Clare Malfitano Director | 5 | $6,000 | |
Jennifer Cameron Smith Director | 5 | $6,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Andersen Tax Llc | 7/30/18 | $107,872 |
Fleming & Fleming Pllc | 7/30/18 | $93,619 |
Critton Luttier & Coleman Llp | 7/30/18 | $54,211 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $802,106 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,239,704 |
| Capital Gain Net Income | $1,239,704 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,683 |
| Total Revenue | $2,048,493 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $132,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $37,133 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65,950 |
| Total operating and administrative expenses | $355,651 |
| Contributions, gifts, grants paid | $2,156,221 |
| Total expenses and disbursements | $2,511,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $35,583 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,153,397 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $26,243,551 |
| Accounts payable and accrued expenses | $7,446 |
| 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 | $7,446 |
Grants Awarded
Over the last fiscal year, Harcourt M Sylvester Charitable Foundation Inc has awarded $2,156,221 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ADORER MISSIONARY SISTER OF THE POOR PURPOSE: RELIGIOUS | $1,000 |
BOCA HELPING HANDS PURPOSE: PUBLIC WELFARE | $2,500 |
BOCA RATON REGIONAL HOSPITAL PURPOSE: MEDICAL | $357,143 |
CANCER ALLIANCE FOR HELP AND HOPE PURPOSE: MEDICAL | $15,000 |
CAMP BOGGY CREEK PURPOSE: PUBLIC WELFARE | $2,500 |
CAUSEWAVE COMMUNITY PARTNERS PURPOSE: PUBLIC WELFARE | $10,000 |