Seg Foundation
- Assets
- $2.9m
- Revenue
- $418.9k
- Investments
- $2.7m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 09/2007
- Data as of
- 12/2023
- EIN
- 20-4909577
Organization Overview
Seg Foundation is located in Brooklyn, NY. The organization was established in 2007. 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. Seg 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, Seg Foundation generated $418.9k 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 (5.9%) each year. All expenses for the organization totaled $798.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Seg Foundation has awarded 188 individual grants totaling $7,356,651. 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 |
|---|---|---|---|
Saul Elliot Goldbaum Trustee | 5 | $0 | |
Chana Goldbaum Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $222,172 |
| Interest on Savings | $14,471 |
| Dividends & Interest | $77,247 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $105,026 |
| Capital Gain Net Income | $105,026 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $418,916 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,843 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,533 |
| Total operating and administrative expenses | $37,876 |
| Contributions, gifts, grants paid | $760,160 |
| Total expenses and disbursements | $798,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,924 |
| Savings and temporary cash investments | $42,755 |
| 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 | $93,750 |
| 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 | $0 |
| Total assets | $2,896,737 |
| 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, Seg Foundation has awarded $760,160 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BNOS BAIS YAAKOV PURPOSE: RELIGIOUS | $13,250 |
CONG BOBOV 45 PURPOSE: RELIGIOUS | $118,000 |
BROOKLYN JEWISH EXPERIENCE PURPOSE: RELIGIOUS | $15,000 |
GATEWAYS PURPOSE: RELIGIOUS | $16,000 |
IRGUN SHIURAI HATORAH PURPOSE: RELIGIOUS | $17,200 |
KHAL DARKEI NOAM PURPOSE: RELIGIOUS | $10,000 |