Sykes Family Foundation
- Assets
- $15.7m
- Revenue
- $1.6m
- Investments
- $15.4m
- Employees
- 0
- Location
- Plainview, NY
- Founding
- 03/1994
- Data as of
- 06/2024
- EIN
- 13-3748075
Organization Overview
Sykes Family Foundation is located in Plainview, NY. The organization was established in 1994. 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. Sykes Family 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 06/2024, Sykes Family Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (28.6%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Sykes Family Foundation has awarded 87 individual grants totaling $11,323,900. 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 |
|---|---|---|---|
Gene T Sykes Trustee | 0 | $0 | |
Tracy M Sykes Trustee | 0 | $0 | |
Michael Gandolfo Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $876,744 |
| Interest on Savings | $12,354 |
| Dividends & Interest | $65,674 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $624,509 |
| Capital Gain Net Income | $624,509 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $36,070 |
| Total Revenue | $1,615,351 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,513 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $137,268 |
| Total operating and administrative expenses | $241,849 |
| Contributions, gifts, grants paid | $3,031,250 |
| Total expenses and disbursements | $3,273,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $299,116 |
| 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 | $10,898,667 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,661,606 |
| 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, Sykes Family Foundation has awarded $3,031,250 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ALOHA UNITED WAY PURPOSE: GENERAL | $5,000 |
DORSET HISTORICAL SOCIETY PURPOSE: GENERAL | $2,500 |
DORSET THEATER FESTIVAL PURPOSE: GENERAL | $2,500 |
EKWANOK SCHOLARSHIP TRUST PURPOSE: GENERAL | $1,000 |
FRIENDS OF HILDENE PURPOSE: GENERAL | $2,500 |
LAS MADRINAS PEDIATRIC SIMULATION RESEARCH PURPOSE: GENERAL | $10,000 |