Sulzberger Foundation Inc
- Assets
- $24.7m
- Revenue
- $233.1k
- Investments
- $24.4m
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 03/1958
- Data as of
- 12/2023
- EIN
- 13-6083166
Organization Overview
Sulzberger Foundation Inc is located in Morristown, NJ. The organization was established in 1958. 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. Sulzberger 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 12/2023, Sulzberger Foundation Inc generated $233.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Golden President | 2 | $0 | |
Jacqueline Dryfoos Treasurer | 0.5 | $0 | |
James Cohen Trustee | 0.5 | $0 | |
Cathy Sulzberger Secretary | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Scs Capital Management Llc | 12/30/23 | $132,547 |
Marcum Llp | 12/30/23 | $74,732 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $299,671 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$93,885 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $27,302 |
| Total Revenue | $233,088 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,632 |
| Depreciation | $16,749 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,020 |
| Total operating and administrative expenses | $237,680 |
| Contributions, gifts, grants paid | $1,798,504 |
| Total expenses and disbursements | $2,036,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $273,569 |
| 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 | $18,064,180 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,719,318 |
| 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 | $750 |
| Total liabilities | $750 |
Grants Awarded
Over the last fiscal year, Sulzberger Foundation Inc has awarded $1,499,999 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY CHARITABLE GIFT FUND PURPOSE: UNRESTRICTED CONTRIBUTION FOR EXEMPT PURPOSES. | $1,392,617 |
THE BOSTON FOUNDATION PURPOSE: UNRESTRICTED CONTRIBUTION FOR EXEMPT PURPOSES. | $107,382 |