Swiss Benevolent Society Of New York N Y
- Assets
- $7.7m
- Revenue
- $115.7k
- Investments
- $598.0k
- Employees
- 5
- Location
- New York, NY
- Founding
- 01/1947
- Data as of
- 12/2022
- EIN
- 13-1624199
Organization Overview
Swiss Benevolent Society Of New York N Y is located in New York, NY. The organization was established in 1947. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 12/2022, Swiss Benevolent Society Of New York N Y employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swiss Benevolent Society Of New York N Y 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, Swiss Benevolent Society Of New York N Y generated $115.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.2%) each year. All expenses for the organization totaled $1.2m 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
WE HELP PEOPLE OF ALL AGES LIVE MORE ACTIVE, INDEPENDENT, SAFER, HEALTHIER, HAPPIER LIVES THROUGH SOCIAL SERVICE PROGRAMS. WE ASSIST STUDENTS THROUGH SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL SERVICES: THE SWISS BENEVOLENT SOCIETY HANDLED 54 CLIENTS WITH 65 HOME VISITS. IN ADDITION, THERE WERE TELEPHONE CONSULTATIONS WHERE INFORMATION ON AVAILABLE SERVICES AND GUIDANCE WAS PROVIDED TO BOTH CLIENTS AS WELL AS REGULAR MEMBERS OF THE SWISS BENEVOLENT SOCIETY. THE ORGANIZATION ALSO HELD REGULAR EVENTS, SUCH AS MONTHLY GATHERINGS IN 6 LOCATIONS (UPPER EAST SIDE, UPPER WEST SIDE, QUEENS, LONG ISLAND, WESTCHESTER AND NEW JERSEY). THE ATTENDANCE WAS BETWEEN 8 AND 15 PEOPLE PER EVENT. THERE WERE ALSO WEEKLY EXERCISE CLASSES (VIA TELEPHONE) AND MOVIE AFTERNOONS (VIRTUAL). IN DECEMBER 6 HOLIDAY LUNCHEONS WERE HELD WITH A TOTAL ATTENDANCE OF 100 PEOPLE.
THE SWISS BENEVOLENT SOCIETY HAS A SCHOLARSHIP PROGRAM WITH THE FOLLOWING COMPONENTS: MERIT, OUTSTANDING SCHOLASTIC ACHIEVEMENT, GRADUATE AND MEDICUS. THE MEDICUS PROGRAM IS AN EXCHANGE PROGRAM BETWEEN SWITZERLAND AND THE UNITED STATES WHILE ALL OTHER PROGRAMS ARE U.S. BASED. SBS MERIT SCHOLARSHIP: 98 RECIPIENTS $183,250 PAID; SBS SCHOLASTIC ACHIEVEMENT: 3 RECIPIENTS, $12,000 PAID; SBS GRADUATE: 2 RECIPIENTS $10,000 PAID; MEDICUS: 5 RECIPIENTS $50,000 PAID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Markus Bruderer Executive Director | OfficerTrustee | 37.5 | $120,000 |
Johanna Reinhart President | OfficerTrustee | 1 | $0 |
Ruedi Greiner Vice President | OfficerTrustee | 1 | $0 |
Alexandre C Manz Secretary | OfficerTrustee | 1 | $0 |
Alberto Zonca Treasurer | OfficerTrustee | 1 | $0 |
Richard Daetwiler Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,054 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,054 |
| Total Program Service Revenue | $0 |
| Investment income | $220,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$190,819 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $115,652 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $324,525 |
| Grants and other assistance to Foreign Orgs/Individuals | $30,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $143,775 |
| Compensation of current officers, directors, key employees. | $79,076 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $252,134 |
| Pension plan accruals and contributions | $10,589 |
| Other employee benefits | $22,571 |
| Payroll taxes | $30,151 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,198 |
| Fees for services: Accounting | $117,832 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,982 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $30,229 |
| Information technology | $12,135 |
| Royalties | $0 |
| Occupancy | $106,786 |
| Travel | $2,194 |
| 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 | $3,199 |
| Insurance | $10,789 |
| All other expenses | $11,097 |
| Total functional expenses | $1,206,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $715,812 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,475 |
| 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 | $4,451 |
| Net Land, buildings, and equipment | $58,214 |
| Investments—publicly traded securities | $6,176,358 |
| Investments—other securities | $598,039 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,902 |
| Total assets | $7,650,251 |
| Accounts payable and accrued expenses | $36,199 |
| Grants payable | $70,275 |
| 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 | $91,035 |
| Total liabilities | $197,509 |
| Net assets without donor restrictions | $4,605,768 |
| Net assets with donor restrictions | $2,846,974 |
| 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 | $7,650,251 |