Sy Syms Foundation A New Jersey Non Profit Corp
- Assets
- $31.6m
- Revenue
- $52.8k
- Investments
- $30.0m
- Employees
- 0
- Location
- Fort Lee, NJ
- Founding
- 10/1986
- Data as of
- 04/2023
- EIN
- 22-2617727
Organization Overview
Sy Syms Foundation A New Jersey Non Profit Corp is located in Fort Lee, NJ. The organization was established in 1986. 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. Sy Syms Foundation A New Jersey Non Profit Corp 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 04/2023, Sy Syms Foundation A New Jersey Non Profit Corp generated $52.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (59.6%) each year. All expenses for the organization totaled $3.5m during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Sy Syms Foundation A New Jersey Non Profit Corp has awarded 166 individual grants totaling $9,787,390. 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 |
|---|---|---|---|
Marcy Syms Merns Trustee & President | 5 | $15,500 | |
Mark Freiberg Trustee & Treasurer | 5 | $15,500 | |
Lynn Tamarkin Syms Trustee | 1 | $15,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bny Mellon | 4/29/21 | $149,637 |
Ubs Fnancial Services Inc | 4/29/21 | $63,485 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,190 |
| Dividends & Interest | $1,028,053 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$977,397 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,846 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $46,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $48,436 |
| Depreciation | $0 |
| Occupancy | $3,228 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,628 |
| Total operating and administrative expenses | $275,427 |
| Contributions, gifts, grants paid | $3,178,890 |
| Total expenses and disbursements | $3,454,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,663,798 |
| 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 | $165,892 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $31,638,329 |
| 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 | $2,100 |
| Total liabilities | $2,100 |
Grants Awarded
Over the last fiscal year, Sy Syms Foundation A New Jersey Non Profit Corp has awarded $3,178,890 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FUNDERS NETWORK PURPOSE: CHARITABLE EDUCATION | $2,000 |
92ND STREET Y PURPOSE: CHARITABLE RECR CONSERVATION | $15,000 |
AMERICAN CIVIL LIBERTIES UNION PURPOSE: CHARITABLE COMMUNITY SERVICE | $25,000 |
AMERICAN COMMITTEE FOR THE WEIZMANN PURPOSE: CHARITABLE MEDICAL | $50,200 |
BARROW NEUROLOGICAL FOUNDATION PURPOSE: CHARITABLE MEDICAL | $100,250 |
BOYS TOWN JERUSALEM FOUNDATION PURPOSE: CHARITABLE EDUCATIONAL | $5,000 |