The Nathan Seter Foundation
- Assets
- $22.4m
- Revenue
- $1.2m
- Investments
- $21.9m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 13-4150736
Organization Overview
The Nathan Seter Foundation is located in Washington, DC. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Nathan Seter 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 12/2021, Nathan Seter Foundation generated $1.2m 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 (34.7%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Nathan Seter Foundation has awarded 109 individual grants totaling $3,250,650. 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 |
|---|---|---|---|
Robert Ross President | 2 | $0 | |
Arnold Simon Vice President | 0 | $0 | |
Jonathan Blattmachr Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $100,693 |
| Dividends & Interest | $384,285 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $677,436 |
| Capital Gain Net Income | $677,436 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,162,414 |
| 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 | $570 |
| Total operating and administrative expenses | $95,037 |
| Contributions, gifts, grants paid | $1,538,350 |
| Total expenses and disbursements | $1,633,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $514,319 |
| Savings and temporary cash investments | $0 |
| 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 | $5,636,481 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,383,522 |
| 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 Nathan Seter Foundation has awarded $1,538,350 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
Rochester, NY PURPOSE: UNRESTRICTED USE OF RECIPIENT | $247,250 |
NLI PURPOSE: UNRESTRICTED USE OF RECIPIENT | $125,000 |
New York, NY PURPOSE: UNRESTRICTED USE OF RECIPIENT | $110,000 |
UNITED HATZALAH PURPOSE: UNRESTRICTED USE OF RECIPIENT | $100,000 |
Brooklyn, NY PURPOSE: UNRESTRICTED USE OF RECIPIENT | $100,000 |
YAD VASHEM PURPOSE: UNRESTRICTED USE OF RECIPIENT | $85,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Tamias Foundation Hunt Valley, MD | $26,017,429 | $6,201,686 |
Progressive Multiplier Fund Washington, DC | $799,490 | $1,927,337 |
Under Armour Foundation Inc Baltimore, MD | $15,024,914 | $8,000,000 |
The Nathan Seter Foundation Washington, DC | $22,383,522 | $1,162,414 |
Hilton Effect Foundation Mclean, VA | $515,570 | $1,569,258 |
Veerayatan International Inc Hughesville, MD | $1,352,883 | $862,966 |
The J H Walker Legacy Foundation Reston, VA | $966,705 | $1,075,613 |
Enfranchisement Foundation Washington, DC | $17,763,997 | $3,332,033 |