Secunda Family Foundation Inc
- Assets
- $235.6m
- Revenue
- $36.2m
- Investments
- $226.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2008
- Data as of
- 12/2023
- EIN
- 20-5968142
Organization Overview
Secunda Family Foundation Inc is located in New York, NY. The organization was established in 2008. 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. Secunda Family 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 12/2023, Secunda Family Foundation Inc generated $36.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $14.8m during the year ending 12/2023. While expenses have increased by 8.2% per year over the past 4 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 2020, Secunda Family Foundation Inc has awarded 161 individual grants totaling $61,463,729. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM IMPLEMENTATIONS IN THE UNITED STATES VIRGIN ISLANDS, SUCH AS TECHNICAL ASSISTANCE IN THE AREAS OF HURRICANE REBUILDING PROJECTS AND PUBLIC SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas F Secunda President & Treasurer | 2 | $0 | |
Cynthia Secunda Vice President & Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Geller Advisors Llc | 12/30/23 | $435,372 |
Goldman Sachs | 12/30/23 | $275,738 |
Jpmorgan Chase | 12/30/23 | $202,555 |
Stephen Deblasio | 12/30/23 | $190,428 |
Talent Burst | 12/30/23 | $149,922 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,026,784 |
| Interest on Savings | $402,089 |
| Dividends & Interest | $6,227,125 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,533,286 |
| Capital Gain Net Income | $18,419,039 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $54,543 |
| Total Revenue | $36,243,827 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $202,414 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $657,001 |
| Total operating and administrative expenses | $1,791,474 |
| Contributions, gifts, grants paid | $13,058,334 |
| Total expenses and disbursements | $14,849,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,421,522 |
| 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 | $14,891,444 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $450,000 |
| Total assets | $235,574,598 |
| 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, Secunda Family Foundation Inc has awarded $18,558,334 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: GENERAL PURPOSE CONTRIBUTION | $250,000 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE PURPOSE: GENERAL PURPOSE CONTRIBUTION | $1,000,000 |
CROTON ACADEMY OF ARTS PURPOSE: GENERAL PURPOSE CONTRIBUTION | $50,000 |
CROTON COMMUNITY NURSERY SCHOOL PURPOSE: GENERAL PURPOSE CONTRIBUTION | $50,000 |
CROTON-HARMON EDUCATION FOUNDATION LTD PURPOSE: GENERAL PURPOSE CONTRIBUTION | $10,000 |
CROTON HARMON HIGH SCHOOL PARENT TEACHER STUDENT ASSOCIATION PURPOSE: GENERAL PURPOSE CONTRIBUTION | $10,000 |