Samas Family Foundation
- Assets
- $1.6m
- Revenue
- $67.0k
- Investments
- $1.5m
- Employees
- 0
- Location
- Waterville, OH
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 83-2063530
Organization Overview
Samas Family Foundation is located in Waterville, OH. The organization was established in 2019. 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. Samas 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 12/2023, Samas Family Foundation generated $67.0k 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 (39.8%) each year.
Since 2020, Samas Family Foundation has awarded 12 individual grants totaling $445,000. 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 |
|---|---|---|---|
Ernest J Samas Chairman | 10 | $0 | |
Monica M Gregory Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $65 |
| Dividends & Interest | $44,074 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,746 |
| Capital Gain Net Income | $22,746 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $109 |
| Total Revenue | $66,994 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,790 |
| Contributions, gifts, grants paid | $95,000 |
| Total expenses and disbursements | $109,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $57,647 |
| 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 | $1,532,708 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,590,355 |
| 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, Samas Family Foundation has awarded $95,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
EASTERN EUROPE OUTREACH PURPOSE: GENERAL PURPOSE | $60,000 |
SUFFICIENT GRACE MINISTRIES FOR WOMEN PURPOSE: GENERAL PURPOSE | $10,000 |
MERCY PROJECTS PURPOSE: GENERAL PURPOSE | $5,000 |
GLOW MISSION PURPOSE: GENERAL PURPOSE | $20,000 |