Herman & Mary K Seibel Charitable Foundation
- Assets
- $6.3m
- Revenue
- $212.0k
- Investments
- $6.2m
- Employees
- 0
- Location
- Sunnyside, NY
- Founding
- 06/2005
- Data as of
- 12/2022
- EIN
- 20-2346119
Organization Overview
Herman & Mary K Seibel Charitable Foundation is located in Sunnyside, NY. The organization was established in 2005. 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. Herman & Mary K Seibel Charitable 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 12/2022, Herman & Mary K Seibel Charitable Foundation generated $212.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (18.3%) each year. All expenses for the organization totaled $399.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Herman & Mary K Seibel Charitable Foundation has awarded 127 individual grants totaling $3,111,652. 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 |
|---|---|---|---|
Ara Torossian Chairman/treasurer | 1 | $0 | |
Mark Torossian Secretary | 1 | $0 | |
Sarkis Boghjalian Board Member | 1 | $0 | |
George Kiraz Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26,104 |
| Dividends & Interest | $120,189 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,711 |
| Capital Gain Net Income | $65,711 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $212,004 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,349 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,009 |
| Total operating and administrative expenses | $57,547 |
| Contributions, gifts, grants paid | $342,383 |
| Total expenses and disbursements | $399,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,545 |
| Savings and temporary cash investments | $142,902 |
| 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 | $10,651 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,199,128 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,321,762 |
| Accounts payable and accrued expenses | $8,000 |
| 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 | $8,000 |
Grants Awarded
Over the last fiscal year, Herman & Mary K Seibel Charitable Foundation has awarded $342,383 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHDIOCESE OF THE SYRIAC ORTHODOX CHURCH PURPOSE: FOR CLERGY EDUCATION PROGRAM | $45,000 |
AID TO THE CHURCH IN NEED USA PURPOSE: TO SUPPORT THE RECIPIENT MISSION | $30,000 |
ASSYRIAN ORPHANAGE AND SCHOOL ASSOCIATION OF AMERICA INC PURPOSE: TO SUPPORT THE RECIPIENT MISSION | $10,000 |
ASSYRIAN ORTHODOX CHURCH OF VIRGIN MARY PURPOSE: TO SUPPORT THE RECIPIENT MISSION | $45,000 |
BETH MARDUTHO OF THE SYRIAC INSTITUTEE PURPOSE: FELLOWSHIP PROGRAM | $19,000 |
FAIRVIEW PUBLIC LIBRARY PURPOSE: TO SUPPORT THE RECIPIENT MISSION | $7,163 |