Paul A Saffrin Foundation
- Assets
- $14.1m
- Revenue
- $2.9m
- Investments
- $13.9m
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 09/2007
- Data as of
- 12/2023
- EIN
- 20-8313839
Organization Overview
Paul A Saffrin Foundation is located in Buffalo, NY. The organization was established in 2007. 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. Paul A Saffrin 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, Paul A Saffrin Foundation generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $833.4k during the year ending 12/2023. While expenses have increased by 6.5% per year over the past 5 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, Paul A Saffrin Foundation has awarded 22 individual grants totaling $2,391,666. 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 |
|---|---|---|---|
Paul A Saffrin Trustee | 10 | $35,000 | |
Gregory M Ward Trustee | 1 | $10,000 | |
Catherine B Eberl Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,675,898 |
| Interest on Savings | $98,325 |
| Dividends & Interest | $194,131 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$50,427 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,917,927 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,721 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $875 |
| Total operating and administrative expenses | $171,752 |
| Contributions, gifts, grants paid | $661,666 |
| Total expenses and disbursements | $833,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2 |
| Savings and temporary cash investments | $166,995 |
| 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 | $5,569,951 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,062,146 |
| 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, Paul A Saffrin Foundation has awarded $661,666 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DAEMEN COLLEGE PURPOSE: GENERAL | $250,000 |
MAKE A WISH WESTERN NEW YORK PURPOSE: GENERAL | $25,000 |
ORCHARD PARK YOUTH RUGBY CLUB INC PURPOSE: GENERAL | $15,000 |
PUNT PEDIATRIC CANCER COLLABORATIVE PURPOSE: GENERAL | $100,000 |
VISUALLY IMPAIRED ADVANCEMENT PURPOSE: GENERAL | $100,000 |
RIVIERA THEATRE PURPOSE: GENERAL | $5,000 |