Seip Family Foundation
- Assets
- $745.5k
- Revenue
- $270.8k
- Investments
- $660.5k
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1998
- Data as of
- 12/2022
- EIN
- 68-0401790
Organization Overview
Seip Family Foundation is located in New York, NY. The organization was established in 1998. 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. Seip Family 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 12/2022, Seip Family Foundation generated $270.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $430.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Seip Family Foundation has awarded 302 individual grants totaling $5,878,154. 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 |
|---|---|---|---|
Alexa C Seip President | 0 | $0 | |
Tom D Seip Cfo/secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $151,096 |
| Interest on Savings | $1,299 |
| Dividends & Interest | $26,124 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,458 |
| Capital Gain Net Income | $56,458 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,783 |
| Total Revenue | $270,760 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $354 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $80 |
| Total operating and administrative expenses | $15,607 |
| Contributions, gifts, grants paid | $414,746 |
| Total expenses and disbursements | $430,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,295 |
| Savings and temporary cash investments | $35,933 |
| 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 | $38,775 |
| Total assets | $745,540 |
| 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, Seip Family Foundation has awarded $414,746 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
AVALON FOUNDATION PURPOSE: FUND JAZZ FESTIVAL | $500 |
ACADEMY ART MUSEUM PURPOSE: DONATIONS TO ACQUISITION FUND | $11,250 |
CHESAPEAKE BAY FOUNDATION PURPOSE: SUPPORTING REGENERATIVE FARMING | $20,000 |
CHESAPEAKE BAY MARITIME MUSEUM PURPOSE: CONSTRUCTION OF NEW BUILDINGS | $92,750 |
EDCHOICE PURPOSE: GENERAL GIVING | $150 |
DOCTORS WITHOUT BORDERS PURPOSE: MEDICAL CARE | $3,500 |