Trustees Of The Sailors Snug Harbor In The City Of New York
- Assets
- $61.4m
- Revenue
- $1.2m
- Investments
- $58.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1957
- Data as of
- 12/2023
- EIN
- 13-5562398
Organization Overview
Trustees Of The Sailors Snug Harbor In The City Of New York is located in New York, NY. The organization was established in 1957. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of The Sailors Snug Harbor In The City Of New York 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 12/2023, Trustees Of The Sailors Snug Harbor In The City Of New York 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 (27.6%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. 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
THE TRUSTEES OF THE SAILORS' SNUG HARBOR IN THE CITY OF NEW YORK PROVIDES FINANCIAL ASSISTANCE AND SUPPORT SERVICES TO ELIGIBLE RETIRED AND/OR INCAPACITATED MARINERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Captain Timothy J Ferrie Trustee, President | 2.5 | $2,400 | |
Captain Steven Bendo Trustee, Treasurer | 2.5 | $2,400 | |
Rev Dr Greg Stovell Trustee, Secretary | 2 | $2,400 | |
Captain James Mcnamara Trustee | 1.5 | $2,800 | |
Veronica M Sullivan Trustee | 1.5 | $2,800 | |
Doug Kruse Trustee | 1.5 | $2,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,335 |
| Interest on Savings | $75,374 |
| Dividends & Interest | $1,087,556 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,621 |
| Capital Gain Net Income | $304,535 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,158,644 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,600 |
| Other employee salaries and wages | $151,452 |
| Pension plans, employee benefits | $12,191 |
| Interest | $0 |
| Taxes | $89,838 |
| Depreciation | $0 |
| Occupancy | $29,832 |
| Travel, conferences, and meetings | $8,346 |
| Printing and publications | $1,054 |
| Other expenses | $30,843 |
| Total operating and administrative expenses | $512,631 |
| Contributions, gifts, grants paid | $1,668,085 |
| Total expenses and disbursements | $2,180,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,210,071 |
| 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 | $58,064,746 |
| Net Land, buildings, and equipment | $1 |
| Other assets | $120,723 |
| Total assets | $61,395,541 |
| Accounts payable and accrued expenses | $14,477 |
| 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 | $312,307 |
| Total liabilities | $326,784 |