Sallie Foundation Inc
- Assets
- $163.2k
- Revenue
- $24.5k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1995
- Data as of
- 12/2021
- EIN
- 13-3842759
Organization Overview
Sallie Foundation Inc is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (J99) the organization is classified as: Employment N.E.C., under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sallie 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 12/2021, Sallie Foundation Inc generated $24.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (26.6%) each year. All expenses for the organization totaled $30.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.2%) per year over the past 6 years. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitchell A Kuflik President | 0 | $0 | |
Robert J Sobel Vice Pres. | 0 | $0 | |
Louis Sultan Treasurer | 0 | $0 | |
Alan Eisenberg Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $24,500 |
| Interest on Savings | $14 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,514 |
| 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 | $360 |
| Total operating and administrative expenses | $360 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $30,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,842 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $7,310 |
| 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 | $163,152 |
| 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, Sallie Foundation Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: CHARITABLE IRC 170(C)(2) | $25,000 |
New York, NY PURPOSE: CHARITABLE IRC 170(C)(2) | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sallie Foundation Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Grateful Foundation Inc New City, NY PURPOSE: DONATION | $20,000 |
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|---|---|---|
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Encyclopaedia Iranica Foundation Inc New York, NY | $22,477,016 | $2,010,229 |
Fuel Merchants Association Of New Jersey Cranford, NJ | $2,186,994 | $1,562,085 |
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Adult Vocational Programs Inc Chester, CT | $421,705 | $1,785,717 |
Jewelers Vigilance Committee Inc New York, NY | $4,420,545 | $1,098,238 |
The Work Group Pennsauken, NJ | $774,528 | $1,360,037 |
Techbuffalo Inc Buffalo, NY | $1,135,908 | $870,650 |
Talen Energy Bargaining Unit Retiree Group Life Ins Plan Tr Pittsburgh, PA | $7,387,705 | $797,505 |
High Meadows Institute Inc Boston, MA | $799,847 | $750,074 |