Smalley Foundation Inc
- Assets
- $33.5m
- Revenue
- $1.4m
- Investments
- $32.9m
- Employees
- 0
- Location
- Manhasset, NY
- Founding
- 06/1969
- Data as of
- 12/2022
- EIN
- 13-6225947
Organization Overview
Smalley Foundation Inc is located in Manhasset, NY. The organization was established in 1969. 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. Smalley 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 12/2022, Smalley Foundation Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.2% each year . All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 40.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Smalley Foundation Inc has awarded 393 individual grants totaling $8,245,934. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SMALLEY FOUNDATION, INC. (THE "FOUNDATION") AWARDS COLLEGE SCHOLARSHIPS TO DESERVING PUBLIC HIGH SCHOOL SENIORS WHO NEED FINANCIAL AID TO ATTEND COLLEGE. THE PAYMENTS ARE MADE DIRECTLY TO THE COLLEGE FOR TUITION, FEES, BOOKS, ROOM AND BOARD AND RELATED EXPENSES. THE COLLEGE IS AUTHORIZED IN CERTAIN CASES TO TURN A PORTION OF THE FUNDS OVER TO THE GRANTEE FOR THE PURCHASE OF BOOKS, SUPPLIES AND OTHER RELATED EXPENSES. CANDIDATES FOR AWARDS ARE NOMINATED ANNUALLY BY THE BOARD OF EDUCATION (OR COMPARABLE ADMINISTRATIVE AGENCIES) OF COMMUNITIES. THE DIRECTORS OF THE FOUNDATION SELECT GRANTEES FROM THE LIST OF NOMINEES ON THE BASIS OF THE FOLLOWING CRITERIA: 1) PERFORMANCE IN EXAMINATIONS SHOWING ABILITY AND APTITUDE FOR COLLEGE WORK, 2) RECOMMENDATION FROM SCHOOL PERSONNEL, 3) FINANCIAL NEED, AND 4) PRIOR ACADEMIC PERFORMANCE. DURING 2022, THE FOUNDATION DISBURSED $2,094,304 IN SCHOLARSHIPS FOR 101 INDIVIDUAL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie Eslinger Director, President | 20 | $178,500 | |
Constantine Kreatsoulas Director, Vice President | 5 | $15,000 | |
Martin Saiman Director, Treasurer | 5 | $15,000 | |
Cynthia Siderman Director | 5 | $15,000 | |
Cathy Caamano Director | 5 | $65,640 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $532,100 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $698,919 |
| Capital Gain Net Income | $698,919 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $210,735 |
| Total Revenue | $1,441,754 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $289,140 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,663 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $57,590 |
| Total operating and administrative expenses | $538,984 |
| Contributions, gifts, grants paid | $2,269,304 |
| Total expenses and disbursements | $2,808,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,758 |
| Savings and temporary cash investments | $355,522 |
| 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 | $3,659,553 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $71,710 |
| Total assets | $33,488,841 |
| 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 | $166,478 |
| Total liabilities | $166,478 |
Grants Awarded
Over the last fiscal year, Smalley Foundation Inc has awarded $2,269,304 in support to 104 organizations.
| Grant Recipient | Amount |
|---|---|
BARUCH COLLEGE ITF DIANA ACOCAL GAR PURPOSE: SCHOLARSHIP PROGRAM: SCHOLARSHIP | $5,000 |
BARUCH COLLEGE ITF KOLE MOHAMMED PURPOSE: SCHOLARSHIP PROGRAM: SCHOLARSHIP | $25,000 |
BOSTON COLLEGE ITF CIARAH DOUGLAS PURPOSE: SCHOLARSHIP PROGRAM: SCHOLARSHIP | $25,000 |
AMERICAN UNIVERSITY ITF SARA GACE PURPOSE: SCHOLARSHIP PROGRAM: SCHOLARSHIP | $25,000 |
BOSTON COLLEGE ITF NANA BUDU PURPOSE: SCHOLARSHIP PROGRAM: SCHOLARSHIP | $25,000 |
BRANDEIS UNIVERSITY ITF JACQUELYN M PURPOSE: SCHOLARSHIP PROGRAM: SCHOLARSHIP | $25,000 |