Setork-Dynacom Foundation
- Assets
- $186.5k
- Revenue
- $50.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Naperville, IL
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 82-0756854
Organization Overview
Setork-Dynacom Foundation is located in Naperville, IL. The organization was established in 2017. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Setork-Dynacom 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, Setork-Dynacom Foundation generated $50.0k 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 (19.7%) each year. All expenses for the organization totaled $14.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (35.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Setork-Dynacom Foundation has awarded 17 individual grants totaling $143,576. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SETORK-DYNACOM FOUNDATION SHALL PROVIDE BROAD CHARITABLE SERVICES TO INDIVIDUALS AND ORGANIZATIONS IN NEED ACROSS THE GLOBE,INCLUDING SUPPORT OF EDUCATIONAL, SCIENTIFIC, AND HEALTH SERVICES BOTH DOMESTICALLY AND INTERNATIONALLY. THE FOUNDATION IS A GRANT MAKING ORGANIZATION, MAKING GRANTS TO CHARITABLE ORGANIZATIONS THAT QUALIFY UNDER SECTIONS 501(C)(3) AND THAT FURTHER THE GOALS WITHIN THE SCOPE OF ITS PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ali Setork President | 0 | $0 | |
Mina Setork Trustee | 0 | $0 | |
Leila Azarbad Treasurer | 0 | $0 | |
Sheila Setork Secretary | 0 | $0 | |
Amir Azardbad Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $15 |
| Total operating and administrative expenses | $2,565 |
| Contributions, gifts, grants paid | $11,550 |
| Total expenses and disbursements | $14,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,504 |
| 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 | $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 | $186,504 |
| 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, Setork-Dynacom Foundation has awarded $11,550 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHERN CENTRAL COLLEGE PURPOSE: TO SUPPORT PROGRAMS | $2,300 |
EDWARD FOUNDATION PURPOSE: TO SUPPORT PROGRAMS | $9,250 |