Tortora Sillcox Family Foundation
- Assets
- $14.4m
- Revenue
- -$796.6k
- Investments
- $13.9m
- Employees
- 0
- Location
- Glen Spey, NY
- Founding
- 12/2000
- Data as of
- 03/2023
- EIN
- 13-4088705
Organization Overview
Tortora Sillcox Family Foundation is located in Glen Spey, NY. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tortora Sillcox 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 03/2023, Tortora Sillcox Family Foundation generated -$796.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $2.9m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (16.3%) per year over the past 4 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
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 |
|---|---|---|---|
Leslie C Sillcox Trustee | 1 | $0 | |
Mark E Sillcox Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,542 |
| Dividends & Interest | $200,762 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,001,565 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,377 |
| Total Revenue | -$796,638 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $33 |
| Taxes | $20,376 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,136 |
| Printing and publications | $0 |
| Other expenses | $1,211 |
| Total operating and administrative expenses | $93,121 |
| Contributions, gifts, grants paid | $2,809,818 |
| Total expenses and disbursements | $2,902,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $439,110 |
| Savings and temporary cash investments | $93,721 |
| 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 | $2,596,766 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,383,117 |
| 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, Tortora Sillcox Family Foundation has awarded $1,965,216 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED STATEMENT PURPOSE: SEE ATTACHED FOOTNOTE | $1,760,785 |
SCHOLARSHIPS PAID PURPOSE: SEE ATTACHED FOOTNOTE | $204,431 |