Beatrice & Samuel A Seaver Foundation
- Assets
- $123.6m
- Revenue
- $5.9m
- Investments
- $118.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1986
- Data as of
- 11/2023
- EIN
- 13-3251432
Organization Overview
Beatrice & Samuel A Seaver Foundation is located in New York, NY. The organization was established in 1986. 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. Beatrice & Samuel A Seaver 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 11/2023, Beatrice & Samuel A Seaver Foundation generated $5.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $8.4m during the year ending 11/2023. While expenses have increased by 8.9% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hirschell Levine Trustee | 10 | $587,576 | |
John Cohen Trustee | 7 | $587,575 | |
Terri Rosenbloom Trustee | 2 | $0 | |
Linda Hyatt Trustee | 2 | $0 | |
Stephanie Goldman Trustee | 2 | $0 | |
Patty Mcginley Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,137,444 |
| Net Rental Income | $3,097,441 |
| Net Gain on Sale of Assets | -$2,365,720 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,869,165 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,175,151 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $225,000 |
| Depreciation | $0 |
| Occupancy | $6,180 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,275 |
| Total operating and administrative expenses | $1,672,808 |
| Contributions, gifts, grants paid | $6,764,000 |
| Total expenses and disbursements | $8,436,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,293,436 |
| 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 | $13,783,370 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $123,607,597 |
| 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, Beatrice & Samuel A Seaver Foundation has awarded $6,764,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MT SINAI SCHOOL OF MEDICINE - SEAVER AUTISM CENTER PURPOSE: UNRESTRICTED | $6,604,000 |
MEMORIAL SLOAN KETTERING CENTER PURPOSE: UNRESTRICTED | $150,000 |
THE HEBREW HOME OF RIVERDALE PURPOSE: UNRESTRICTED | $10,000 |