William & Sylvia Silberstein Foundation Inc
- Assets
- $11.3m
- Revenue
- $939.7k
- Investments
- $10.2m
- Employees
- 0
- Location
- Rye, NY
- Founding
- 05/1971
- Data as of
- 11/2023
- EIN
- 23-7108375
Organization Overview
William & Sylvia Silberstein Foundation Inc is located in Rye, NY. The organization was established in 1971. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William & Sylvia Silberstein Foundation Inc 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 11/2023, William & Sylvia Silberstein Foundation Inc generated $939.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $975.9k during the year ending 11/2023. While expenses have increased by 3.5% per year over the past 8 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 2014, William & Sylvia Silberstein Foundation Inc has awarded 407 individual grants totaling $6,576,760. 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 |
|---|---|---|---|
Bruce Silberstein President | 0.5 | $0 | |
Trudy Williams Treasurer | 1 | $0 | |
Beth Grotta Vice President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $44,397 |
| Dividends & Interest | $414,984 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $465,946 |
| Capital Gain Net Income | $465,946 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,395 |
| Total Revenue | $939,722 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,690 |
| Taxes | $21,004 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $71,065 |
| Total operating and administrative expenses | $239,265 |
| Contributions, gifts, grants paid | $736,640 |
| Total expenses and disbursements | $975,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,787 |
| Savings and temporary cash investments | $803,166 |
| 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 | $2,324,290 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $118,311 |
| Total assets | $11,285,608 |
| 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, William & Sylvia Silberstein Foundation Inc has awarded $736,640 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICA GIVES INC PURPOSE: GENERAL SUPPORT | $2,000 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL SUPPORT | $24,000 |
AMERICAN RED CROSS PURPOSE: GENERAL SUPPORT | $13,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: GENERAL SUPPORT | $104,400 |
BOY SCOUTS OF AMERICA PURPOSE: GENERAL SUPPORT | $2,000 |
ARMONK FIRE DEPARTMENT PURPOSE: GENERAL SUPPORT | $1,000 |