The Staten Island Foundation
- Assets
- $77.2m
- Revenue
- $3.4m
- Investments
- $75.5m
- Employees
- 0
- Location
- Staten Island, NY
- Founding
- 04/1999
- Data as of
- 06/2022
- EIN
- 13-3993115
Organization Overview
The Staten Island Foundation is located in Staten Island, NY. The organization was established in 1999. 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. Staten Island 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 06/2022, Staten Island Foundation generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $4.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Staten Island Foundation has awarded 325 individual grants totaling $13,555,423. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Jean Watters Executive Director | 40 | $151,474 | |
Alfred C Cerullo III Vice Chair | 3 | $0 | |
Kathryn Krause Rooney Chair | 3 | $0 | |
Jill O'donnell-Tormey PHD Secretary | 3 | $0 | |
Lenore F Puleo Treasurer | 3 | $0 | |
Dr Phyllis Cureton Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neuberger Berman | 6/29/22 | $260,207 |
Vanguard | 6/29/22 | $54,185 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $221,873 |
| Dividends & Interest | $1,504,106 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,675,932 |
| Capital Gain Net Income | $1,675,932 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,401,911 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $151,474 |
| Other employee salaries and wages | $71,353 |
| Pension plans, employee benefits | $43,047 |
| Interest | $0 |
| Taxes | $58,074 |
| Depreciation | $0 |
| Occupancy | $90,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,428 |
| Other expenses | $34,069 |
| Total operating and administrative expenses | $841,825 |
| Contributions, gifts, grants paid | $3,349,719 |
| Total expenses and disbursements | $4,191,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,648,298 |
| 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 | $46,667 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $70,804 |
| Total assets | $77,170,111 |
| 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, The Staten Island Foundation has awarded $5,474,719 in support to 98 organizations.
| Grant Recipient | Amount |
|---|---|
Staten Island, NY PURPOSE: FOR EQUIPMENT FOR BIPLANE IMAGING AND TO EXPAND AND IMPROVE THE BIPLANE CARDIAC CATH LAB | $1,600,000 |
Staten Island, NY PURPOSE: FOR EQUIPMENT FOR BIPLANE IMAGING AND TO EXPAND AND IMPROVE THE BIPLANE CARDIAC CATH LAB | $400,000 |
NY EARLY CHILDHOOD PROFESSIONAL DEVELOPMENT INSTITUTE PURPOSE: BACKBONE ORGANIZATION - SI ALLIANCE FOR NORTH SHORE CHILDREN AND FAMILIES | $150,000 |
New York, NY PURPOSE: TREASURES OF NEW YORK - SNUG HARBOR | $125,000 |
Staten Island, NY PURPOSE: CONSTRUCTION COSTS TO PREPARE A NEW PRESCHOOL FACILITY IN ST GEORGE | $100,000 |
Staten Island, NY PURPOSE: COVID-19 RELIEF AND EMERGENCY FUNDING TO REPLACE A NON-AMBULATORY VAN FOR RESIDENCE | $90,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |