Stella And Charles Guttman Foundation Inc
- Assets
- $14.7m
- Revenue
- $1.9m
- Investments
- $13.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1961
- Data as of
- 12/2021
- EIN
- 13-6103039
Organization Overview
Stella And Charles Guttman Foundation Inc is located in New York, NY. The organization was established in 1961. 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. Stella And Charles Guttman 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 12/2021, Stella And Charles Guttman Foundation Inc generated $1.9m 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 (10.2%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Stella And Charles Guttman Foundation Inc has awarded 147 individual grants totaling $3,983,500. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Sousa Executive Director | 40 | $200,000 | |
Susan Butler Plum Assistant Secretary | 2 | $0 | |
Peter Herbert Vice-President | 2 | $0 | |
Robert S Gassman Treasurer | 5 | $0 | |
Ernest Rubenstein Director | 2 | $0 | |
Patricia L Francy Assistant Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $126 |
| Dividends & Interest | $334,983 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,620,226 |
| Capital Gain Net Income | $1,620,226 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$19,684 |
| Total Revenue | $1,935,651 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $34,590 |
| Interest | $7,293 |
| Taxes | $33,759 |
| Depreciation | $1,860 |
| Occupancy | $116,544 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,494 |
| Other expenses | $61,929 |
| Total operating and administrative expenses | $689,939 |
| Contributions, gifts, grants paid | $2,058,500 |
| Total expenses and disbursements | $2,748,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,142 |
| Savings and temporary cash investments | $777,416 |
| 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 | $13,143 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,854,367 |
| Net Land, buildings, and equipment | $4,978 |
| Other assets | $43,263 |
| Total assets | $14,675,177 |
| Accounts payable and accrued expenses | $104,399 |
| 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 | $63,792 |
| Total liabilities | $168,191 |
Grants Awarded
Over the last fiscal year, Stella And Charles Guttman Foundation Inc has awarded $2,058,500 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
Bronx, NY PURPOSE: IN SUPPORT OF THE HEALTHYSTEPS PROGRAM, WHICH EMBEDS EARLY CHILDHOOD DEVELOPMENT SPECIALISTS AT TWO PEDIATRIC CLINICS IN THE BRONX. | $100,000 |
ALL OUR KIN INC PURPOSE: IN SUPPORT OF THE ORGANIZATION'S DIRECT SERVICE AND TRAINING MODEL FOR RAISING THE QUALITY, AVAILABILITY AND SUSTAINABILITY OF FAMILY CHILDCARE PROVIDERS IN THE BRONX. | $100,000 |
NEW YORK EARLY CHILDHOOD PROFESSIONAL DEVELOPMENT INSTITUTE PURPOSE: IN SUPPORT OF A QUALITY IMPROVEMENT INITIATIVE SERVING EARLY CARE AND EDUCATION PROVIDERS IN EAST NEW YORK, BROOKLYN. | $100,000 |
ROOM TO GROW NATIONAL INC PURPOSE: IN SUPPORT OF A CLINICAL PROGRAM IN THE BRONX THAT PROVIDES PARENTING EDUCATION, MATERIAL ITEMS, AND SERVICE REFERRALS TO ENRICH THE LIVES OF CHILDREN BORN INTO POVERTY THROUGH THEIR FIRST THREE YEARS OF OF DEVELOPMENT. | $100,000 |
Brooklyn, NY PURPOSE: IN SUPPORT OF THE PARENTCHILD+ HOME VISITING PROGRAM FOCUSED ON IMPROVING THE EARLY LITERACY AND SCHOOL READINESS PRACTICES OF FAMILY CHILDCARE PROVIDERS IN THE BRONX. | $100,000 |
POWER OF TWO CO FUND FOR THE CITY OF NEW YORK PURPOSE: IN SUPPORT OF THE ABC HOME VISITING PROGRAM THAT PROMOTES RESPONSIVE PARENTING AND SECURE ATTACHMENT BETWEEN YOUNG CHILDREN AND THEIR CAREGIVERS IN BROWNSVILLE, BROOKLYN AND THE SOUTH BRONX. | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Stella And Charles Guttman Foundation Inc has recieved totaling $51,150.
| Awarding Organization | Amount |
|---|---|
Jobsfirstnyc New York, NY PURPOSE: SIGNATURE PROJECT | $17,050 |
Jobsfirstnyc New York, NY PURPOSE: SIGNATURE PROJECT | $17,050 |
Jobsfirstnyc New York, NY PURPOSE: SIGNATURE PROJECT | $17,050 |
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 |