Silvester Foundation Inc
- Assets
- $80.7k
- Revenue
- $19.2k
- Investments
- $73.6k
- Employees
- 0
- Location
- Stuart, FL
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 04-3698278
Organization Overview
Silvester Foundation Inc is located in Stuart, FL. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Silvester Foundation Inc 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, Silvester Foundation Inc generated $19.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $27.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Silvester Foundation Inc has awarded 44 individual grants totaling $212,500. 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 |
|---|---|---|---|
Arthur W Silvester Jr President | 2 | $0 | |
W Glenn Dempsey Secretary | 2 | $0 | |
Douglass E Pereboom Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $1,542 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,627 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,179 |
| 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 | $0 |
| Total operating and administrative expenses | $1,147 |
| Contributions, gifts, grants paid | $26,000 |
| Total expenses and disbursements | $27,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,105 |
| 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 | $80,705 |
| 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, Silvester Foundation Inc has awarded $26,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NALA'S NEW LIFE RESCUE PURPOSE: GENERAL | $14,000 |
MAYO CLINIC PURPOSE: GENERAL | $1,000 |
EPILEPSY FOUNDATION FLORIDA PURPOSE: GENERAL | $3,000 |
PAWS FOR PURPLE HEARTS PURPOSE: GENERAL | $1,000 |
HELPING PEOPLE SUCCEED PURPOSE: GENERAL | $1,000 |
BOYS TOWN PURPOSE: GENERAL | $1,000 |