Sirad Foundation
- Assets
- $3.5m
- Revenue
- $563.8k
- Investments
- $3.0m
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 12/1999
- Data as of
- 09/2023
- EIN
- 04-3484554
Organization Overview
Sirad Foundation is located in Cambridge, MA. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Sirad 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 09/2023, Sirad Foundation generated $563.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $199.2k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sirad Foundation has awarded 117 individual grants totaling $1,183,325. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
HE THE FOUNDATION MAKES GRANTS TO PUBLIC CHARITIES TO IMPROVE EDUCATIONAL OPPORTUNITIES, FOR RELIGIOUS PURPOSES, TO ENCOURAGE CULTURAL ENRICHMENT AND SUPPORT ACTIVITIES WHICH BENEFIT THE POOR.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $69,300 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $494,519 |
| Capital Gain Net Income | $494,519 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $563,819 |
| 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 | $23,042 |
| Total operating and administrative expenses | $24,657 |
| Contributions, gifts, grants paid | $174,500 |
| Total expenses and disbursements | $199,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $461,756 |
| Net Accounts receivable | $6,351 |
| 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 | $55,235 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,504,425 |
| 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, Sirad Foundation has awarded $174,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ST JAMES CHURCH PURPOSE: GENERAL FUNDING FOR RELIGIOUS PURSUITS | $22,000 |
THE AMERICAN PROSPECT PURPOSE: PUBLICATION TO ADVANCE LIBERAL & PROGRESSIVE GOALS | $10,000 |
FREEDOM HOUSE PURPOSE: COMMUN BASED EDUC INITIATIVES | $7,500 |
PUBLIC CONCERN FOUNDATION PURPOSE: DEVEL MODELS TO PROMOTE PROF FACT-BASED REPORTING | $10,000 |
MASS COMMUNITIES ACTION NETWORK PURPOSE: FAITH-BASED COMM ORGS FOR ECON RACIAL JUSTICE | $30,000 |
OCCIDENTAL PURPOSE: PRIVATE RESEARCH UNIVERSITY | $7,500 |