Sieff Family Foundation
- Assets
- $161.9k
- Revenue
- $7.7k
- Investments
- $136.6k
- Employees
- 0
- Location
- St Louis Park, MN
- Founding
- 06/1969
- Data as of
- 12/2022
- EIN
- 23-7011890
Organization Overview
Sieff Family Foundation is located in St Louis Park, MN. The organization was established in 1969. 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. Sieff Family 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 12/2022, Sieff Family Foundation generated $7.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $13.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Sieff President | 1 | $0 | |
Phil Sieff Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $60 |
| Dividends & Interest | $3,713 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,236 |
| Capital Gain Net Income | $1,236 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,717 |
| Total Revenue | $7,726 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,333 |
| Total operating and administrative expenses | $4,833 |
| Contributions, gifts, grants paid | $8,600 |
| Total expenses and disbursements | $13,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,242 |
| 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 | $161,882 |
| 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, Sieff Family Foundation has awarded $8,600 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BANYAN COMMUNITY CENTER PURPOSE: CHARITABLE | $500 |
HENNEPIN CHURCH DIGNITY CENTER PURPOSE: CHARITABLE | $800 |
MINNEAPOLIS INSTITUTE OF ARTS PURPOSE: CHARITABLE | $1,200 |
MINNESOTA ORCHESTRA PURPOSE: CHARITABLE | $1,200 |
SCIENCE MUSEUM OF MINNESOTA PURPOSE: CHARITABLE | $1,200 |
SHARING & CARING PURPOSE: CHARITABLE | $1,200 |