Silk Family Foundation
- Assets
- $5.7m
- Revenue
- $755.3k
- Investments
- $4.1m
- Employees
- 0
- Location
- Ketchum, ID
- Founding
- 05/2006
- Data as of
- 12/2023
- EIN
- 20-3997071
Organization Overview
Silk Family Foundation is located in Ketchum, ID. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Silk Family 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 12/2023, Silk Family Foundation generated $755.3k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $877.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Silk Family Foundation has awarded 306 individual grants totaling $5,813,010. 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 |
|---|---|---|---|
Stephen Silk Pres/trustee | 0.2 | $0 | |
Susan Silk Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $253,294 |
| Interest on Savings | $7,997 |
| Dividends & Interest | $165,735 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $269,292 |
| Capital Gain Net Income | $269,292 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $59,005 |
| Total Revenue | $755,323 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,578 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $74,257 |
| Total operating and administrative expenses | $80,350 |
| Contributions, gifts, grants paid | $797,142 |
| Total expenses and disbursements | $877,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $874,255 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $724,102 |
| Total assets | $5,732,658 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Silk Family Foundation has awarded $797,142 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF AMERICA PURPOSE: GENERAL | $6,250 |
AAREP LA PURPOSE: GENERAL | $5,000 |
826LA PURPOSE: GENERAL | $7,500 |
BOYS AND GIRLS CLUB OF SF PURPOSE: GENERAL | $3,000 |
CHILDREN BURN FOUNDATION PURPOSE: GENERAL | $12,000 |
CANINE COMPANIONS PURPOSE: GENERAL | $10,000 |