Seneca Foods Foundation
- Assets
- $9.1m
- Revenue
- $1.0m
- Investments
- $7.8m
- Employees
- 0
- Location
- Fairport, NY
- Founding
- 09/1989
- Data as of
- 03/2022
- EIN
- 22-2996324
Organization Overview
Seneca Foods Foundation is located in Fairport, NY. The organization was established in 1989. According to its NTEE Classification (K11) the organization is classified as: Single Organization Support, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seneca Foods 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 03/2022, Seneca Foods Foundation generated $1.0m 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 (19.2%) each year. All expenses for the organization totaled $475.5k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (33.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Seneca Foods Foundation has awarded 487 individual grants totaling $733,061. 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 |
|---|---|---|---|
Kraig Kayser Chairman, Director | 1 | $0 | |
Timothy Benjamin Svp, Cfo, Treasurer | 1 | $0 | |
Susan W Stuart Director | 1 | $0 | |
John Exner Secretary | 1 | $0 | |
Paul L Palmby President, Ceo, Director | 1 | $0 | |
Gregory R Ide Assistant Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,000,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21,514 |
| Contributions, gifts, grants paid | $454,004 |
| Total expenses and disbursements | $475,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,282,040 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $9,067,696 |
| Accounts payable and accrued expenses | $22,502 |
| 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 | $22,502 |
Grants Awarded
Over the last fiscal year, Seneca Foods Foundation has awarded $454,004 in support to 177 organizations.
| Grant Recipient | Amount |
|---|---|
Hancock, WI PURPOSE: GENERAL FUNDS | $100,000 |
Keuka Park, NY PURPOSE: GENERAL FUNDS | $50,000 |
Ithaca, NY PURPOSE: COLLEGE OF AGRICULTURE AND LIFE SCIENCES | $50,000 |
Brentwood, MO PURPOSE: GENERAL FUNDS | $45,000 |
Rochester, NY PURPOSE: WELLNESS CENTER | $35,000 |
Brentwood, MO PURPOSE: GENERAL FUNDS | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Seneca Foods Foundation has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Steve & Delores Sarovich Foundation Lisle, IL PURPOSE: COMMUNITY SERVICE | $10,000 |
Steve & Delores Sarovich Foundation Lisle, IL PURPOSE: COMMUNITY SERVICE | $10,000 |
Steve & Delores Sarovich Foundation Lisle, IL PURPOSE: COMMUNITY SERVICE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Dairy Excellence Foundation Of Pennsylvania Harrisburg, PA | $1,346,234 | $880,997 |
Seneca Foods Foundation Fairport, NY | $9,067,696 | $1,000,000 |
Ttees Uw Lotta M Crabtree Lotta Agricultural Fund Boston, MA | $2,386,342 | $387,885 |
Gpcfb Support Corporation Duquesne, PA | $25,873,462 | $571,104 |
Alter & Yitu Klein Simcha Fund Inc New City, NY | $10,996 | $0 |
North Shore Moving Market Inc Salem, MA | $22,927 | $0 |
Sussex County Farm & Horse Show Foundation Inc Sparta, NJ | $825,830 | $11,000 |
Heritage And Agriculture Association Incorporated Sussex, NJ | $85,124 | $0 |
Served Inc Stoughton, MA | $80,540 | $0 |
Essex North Shore Agricultural Technical Foundation Inc Beverly, MA | $358,221 | $356,147 |
Food Bank Support Corporation Hatfield, MA | $24,590,123 | $1,243,239 |
Dean Foods Foundation Saddle Brook, NJ | $0 | $0 |