Sassoon 7
- Assets
- $96.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-1423501
Organization Overview
Sassoon 7, operating under the name Sassoon Seven, is located in Brooklyn, NY. The organization was established in 2016. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sassoon Seven 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, Sassoon Seven generated $1.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (68.5%) each year. All expenses for the organization totaled $1.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO BUILD A CENTER OF JOY AND HAPPINESS ON THE VERY SITE OF THE TRAGEDY THAT SHOOK THE WORLD WHERE SEVEN BEAUTIFUL CHILDREN PERISHED IN A FIRE AT 3371 BEDFORD AVENUE BROOKLYN NEW YORK. THIS GROUNDBREAKING ESTABLISHMENT WILL CONSIST OF SEVEN DIVISIONS INCLUDING A MENS AND WOMENS LEARNING CENTER, A LIBRARY FOR ALL AGES, AS WELL AS OTHER PROGRAMS. THE FACILITY WILL BE ACCESSIBLE TO ALL COMMUNITIES BOTH LOCALLY AND GLOBALLY AND WILL DEDICATE ITSELF TO PROVIDING NEEDED SERVICES AND PROFOUND INSPIRATION. THE ORGANIZATION ALSO BRINGS JOY AND HAPPINESS TO THE NEEDY AND INDIGENT BY LIVENING UP THEIR JOYOUS OCCASIONS AND BY PROVIDING FINANCIAL ASSISTANCE TO THE NEEDY BY CONTRIBUTING TO OTHER CHARITABLE, EDUCATIONAL AND RELIGIOUS ORGANIZATIONS SCHOLARSHIP FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gayle Sassoon President | 15 | $0 | |
Kim Dabah V. President | 2 | $0 | |
Esther Paskie Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $847 |
| Total expenses | $1,847 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,405 |
| Other assets | $0 |
| Total assets | $96,187 |
| Total liabilities | $0 |
| Net assets or fund balances | $96,187 |