Samuel S Fels Fund
- Assets
- $43.3m
- Revenue
- $1.7m
- Investments
- $42.6m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 12/1937
- Data as of
- 12/2022
- EIN
- 23-1365325
Organization Overview
Samuel S Fels Fund is located in Philadelphia, PA. The organization was established in 1937. 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. Samuel S Fels Fund 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 12/2022, Samuel S Fels Fund generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Samuel S Fels Fund has awarded 375 individual grants totaling $25,629,375. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE SAMUEL S. FELS FUND (FELS FUND) IS A PRIVATE, INDEPENDENT FOUNDATION WITH A COMMITMENT TO IMPROVING CONDITIONS AND OPPORTUNITIES FOR MARGINALIZED COMMUNITIES WITHIN THE CITY OF PHILADELPHIA. FELS FUND PROVIDES GRANTS TO SUPPORT SERVICES, ADVOCACY AND ACTIVITIES THAT MOVE US TOWARDS A MORE SOCIAL, RACIALLY AND ECONOMICALLY JUST SOCIETY. FELS FUND HAS THREE FUNDING STREAMS: 1. ARTS AND CULTURE 2. SOCIAL, RACIAL AND ECONOMIC JUSTICE 3. IMMIGRANTS AND REFUGEES IN ADDITION TO ITS GRANTMAKING PROGRAMS, FELS FUND INVESTS ITS ENDOWMENT IN FUNDS AND PROJECTS ALIGNED WITH ITS MISSION AND OTHER SOCIALLY RESPONSIBLE OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Martinez-Helfman Foundation P | 40 | $240,000 | |
John L Jackson Jr Board Chair | 3 | $0 | |
Fariha Khan Board Vice C | 2 | $4,000 | |
Tamer Makary Treasurer/se | 3 | $5,000 | |
Danyelle Austin Board Member | 2 | $4,000 | |
Michael O'bryan Board Member | 2 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $97,854 |
| Dividends & Interest | $1,044,661 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $477,909 |
| Capital Gain Net Income | $477,909 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $107,797 |
| Total Revenue | $1,728,221 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $265,000 |
| Other employee salaries and wages | $274,383 |
| Pension plans, employee benefits | $121,745 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $3,320 |
| Occupancy | $67,364 |
| Travel, conferences, and meetings | $61,053 |
| Printing and publications | $0 |
| Other expenses | $47,785 |
| Total operating and administrative expenses | $1,074,026 |
| Contributions, gifts, grants paid | $1,054,000 |
| Total expenses and disbursements | $2,128,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $358,932 |
| 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 | $42,630,254 |
| Net Land, buildings, and equipment | $14,113 |
| Other assets | $262,434 |
| Total assets | $43,265,733 |
| Accounts payable and accrued expenses | $8,694 |
| Grants payable | $195,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $238,979 |
| Total liabilities | $442,673 |
Grants Awarded
Over the last fiscal year, Samuel S Fels Fund has awarded $2,314,000 in support to 110 organizations.
| Grant Recipient | Amount |
|---|---|
AL-BUSTAN SEEDS CULTURE PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
AFRICAN AMERICAN MUSEUM IN PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
ABORTION LIBERATION FUND OF PA PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
AFRICAN FAMILY HEALTH ORGANIZATION PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
AMISTAD LAW PROJECT PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
ASIAN AMERICANS UNITED PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |