The Sfig Foundation Inc
- Assets
- $181.2k
- Revenue
- $79.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-3982260
Organization Overview
The Sfig Foundation Inc, operating under the name The Structured Finance Foundation, is located in Washington, DC. The organization was established in 2017. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Structured Finance 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, Structured Finance Foundation generated $79.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.9%) each year. All expenses for the organization totaled $127.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES COLLEGE SCHOLARSHIPS TO TWO GROUPS. ONE IS HIGH SCHOOL STUDENTS WHO HAVE SUCCESSFULLY PARTICIPATED IN MENTOR FOUNDATION USA'S CAREER MENTORING OR YOUTH AMBASSADOR PROGRAMS. THE SECOND IS CURRENT COLLEGE STUDENTS AT THE UNIVERSITY OF THE DISTRICT OF COLUMBIA WHO ARE PURSUING BUSINESS MAJORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SFIG FOUNDATION IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION CURRENTLY PARTNERING WITH MENTOR FOUNDATION USA AND SCHOLARSHIP AMERICA TO FURTHER THE EDUCATIONAL OPPORTUNITIES OF UNDERSERVED YOUTH. THIS COLLABORATION PROVIDES SCHOLARSHIP FUNDING FOR HIGH SCHOOL STUDENTS WHO HAVE SUCCESSFULLY PARTICIPATED IN MENTOR FOUNDATION USA'S CAREER MENTORING OR YOUTH AMBASSADOR PROGRAMS.
THE SFIG FOUNDATION PARTNERS WITH THE UNIVERSITY OF THE DISTRICT OF COLUMBIA TO IDENTIFY STUDENTS IN ITS SCHOOL OF BUSINESS & PUBLIC ADMINISTRATION WHO ARE IN NEED OF FUNDING TO COMPLETE THEIR DEGREES AND WHO ARE MAJORING IN BUSINESS OR A RELATED FIELD OF STUDY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna-Liza Harris Chair | OfficerTrustee | 1.5 | $0 |
Deepesh Jain Vice Chair Until 4/2022 | OfficerTrustee | 1 | $0 |
Angela Ulum Secretary | OfficerTrustee | 1.5 | $0 |
Andrew Davidson Treasurer | OfficerTrustee | 1.5 | $0 |
Patrick Orr Director | Trustee | 1 | $0 |
Wendy Cohn Director Until 5/2022 | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,055 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,040 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,095 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $283 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $115,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,380 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,205 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,448 |
| Information technology | $583 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $127,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $140,781 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $346 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,035 |
| Total assets | $181,162 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $181,162 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $181,162 |