Swiss Benevolent Society Of New York N Y
- Assets
- $9.9m
- Revenue
- $808.3k
- Investments
- $1.2m
- Employees
- 5
- Location
- New York, NY
- Founding
- 01/1947
- Data as of
- 12/2020
- 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 12/2020, 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 12/2020, Swiss Benevolent Society Of New York N Y generated $808.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $853.4k during the year ending 12/2020. While expenses have increased by 0.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2020
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 - CASE MANAGEMENT AND COUNSELING TO 51 CLIENTS AND 163 HOME/ INSTITUTIONAL CONTACTS/VISITS.
SCHOLARSHIPS: TUITION GRANTS BASED ON MERIT FOR STUDENTS OF SWISS PARENTAGE. SBS MERIT SCHOLARSHIP: 50 AWARDS. SBS OUTSTANDING SCHOLASTIC ACHIEVEMENT: 3 AWARDS. MEDICUS STUDENT EXCHANGE: 4 AWARDS. SBS GRADUATE AWARD: 1 AWARD.
SOCIAL SERVICES - CASE MANAGEMENT AND COUNSELING TO 51 CLIENTS AND 163 HOME/ INSTITUTIONAL CONTACTS/VISITS.
SCHOLARSHIPS: TUITION GRANTS BASED ON MERIT FOR STUDENTS OF SWISS PARENTAGE. SBS MERIT SCHOLARSHIP: 50 AWARDS. SBS OUTSTANDING SCHOLASTIC ACHIEVEMENT: 3 AWARDS. MEDICUS STUDENT EXCHANGE: 4 AWARDS. SBS GRADUATE AWARD: 1 AWARD.
SOCIAL SERVICES - CASE MANAGEMENT AND COUNSELING TO 51 CLIENTS AND 163 HOME/ INSTITUTIONAL CONTACTS/VISITS.
SCHOLARSHIPS: TUITION GRANTS BASED ON MERIT FOR STUDENTS OF SWISS PARENTAGE. SBS MERIT SCHOLARSHIP: 49 AWARDS. SBS OUTSTANDING SCHOLASTIC ACHIEVEMENT: 3 AWARDS. MEDICUS STUDENT EXCHANGE: 3 AWARDS. SBS GRADUATE AWARD: 1 AWARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Hubacher Executive Director | Officer | 37.5 | $120,000 |
Markus Bruderer President | OfficerTrustee | 1 | $0 |
Alexandre-C Manz Secretary | OfficerTrustee | 1 | $0 |
Johanna Reinhart Vice President | 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 | $251,953 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $251,953 |
| Total Program Service Revenue | $0 |
| Investment income | $195,204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $287,353 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $808,317 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $88,298 |
| Grants and other assistance to Foreign Orgs/Individuals | $30,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $145,510 |
| Compensation of current officers, directors, key employees. | $87,306 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224,786 |
| Pension plan accruals and contributions | $10,000 |
| Other employee benefits | $15,787 |
| Payroll taxes | $26,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,418 |
| Fees for services: Accounting | $25,323 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,918 |
| Fees for services: Other | $1,900 |
| Advertising and promotion | $0 |
| Office expenses | $43,320 |
| Information technology | $6,480 |
| Royalties | $0 |
| Occupancy | $107,567 |
| Travel | $5,344 |
| 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 | $1,997 |
| Insurance | $13,680 |
| All other expenses | $10,654 |
| Total functional expenses | $853,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $109,991 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,603 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,658 |
| Prepaid expenses and deferred charges | $2,541 |
| Net Land, buildings, and equipment | $37,948 |
| Investments—publicly traded securities | $8,472,896 |
| Investments—other securities | $1,237,862 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,558 |
| Total assets | $9,886,057 |
| Accounts payable and accrued expenses | $12,833 |
| Grants payable | $3,500 |
| 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 | $0 |
| Total liabilities | $16,333 |
| Net assets without donor restrictions | $6,682,846 |
| Net assets with donor restrictions | $3,186,878 |
| 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 | $9,886,057 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Swiss Benevolent Society Of New York N Y has recieved totaling $372.
| Awarding Organization | Amount |
|---|---|
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 08/16/21 | $351 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Endowment Analysis
| Beg. Balance | $2,888,543 |
| Earnings | $308,335 |
| Other Expense | $10,000 |
| Ending Balance | $3,186,878 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Coast Guard Academy Alumni Association Inc New London, CT | $53,324,091 | $18,444,264 |
Penn State Alumni Association University Park, PA | $100,014,631 | $13,658,978 |
Baseball Assistance Team Inc New York, NY | $16,328,027 | $4,707,517 |
United States Merchant Marine Academy Alumni Association And Fou Kings Point, NY | $55,826,934 | $8,053,233 |
Alumni Association Of New Jersey Institute Of Technology Paramus, NJ | $0 | $306,119 |
Alumni Of The Rabbinical College Knesseth Israel Of Slabodka Kowno Brooklyn, NY | $341,064 | $3,063,744 |
The Bronx High School Of Science Alumni Foundation Inc Bronx, NY | $31,172,697 | $12,367,161 |
Bernard M Baruch College Association Inc New York, NY | $9,740,278 | $4,039,630 |
Wellesley College Alumnae Association Wellesley, MA | $21,826,732 | $2,808,656 |
Yale Alumni Publications Inc New Haven, CT | $28,715 | $87,332 |
Seoul National University Foundation Inc Fort Lee, NJ | $6,845,557 | $3,716,699 |
Syracuse Health Science Center Medical Alumni Foundation Inc Syracuse, NY | $50,640,765 | $25,764,011 |