Statesman Foundation Inc
- Assets
- $24.6k
- Revenue
- $12.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Pleasantville, NY
- Founding
- 04/2012
- Data as of
- 12/2021
- EIN
- 27-4381882
Organization Overview
Statesman Foundation Inc is located in Pleasantville, NY. The organization was established in 2012. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Statesman 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 12/2021, Statesman Foundation Inc generated $12.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.4%) each year. All expenses for the organization totaled $26.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Statesman Foundation Inc has awarded 21 individual grants totaling $284,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR CHARITIES, EDUCATION, ARTS, AND SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STATESMAN FOUNDATION HOSTS AN ANNUAL DINNER FOR INSURANCE PROFESSIONALS AT GOTHAM HALL IN NYC, THE PROCEEDS OF WHICH ARE CONTRIBUTED TO VARIOUS CHARITIES IN THE UNITED STATES. THE FOUNDATION WAS UNABLE TO HOST A DINNER IN 2021 DUE TO COVID-19. DURING THE YEAR, THE FOUNDATION PLANNED THE 2022 ANNUAL DINNER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mccarrick Secretary/treasurer | OfficerTrustee | 1 | $0 |
David Bell President | OfficerTrustee | 1 | $0 |
Todd Jones Director | Trustee | 1 | $0 |
Eric Anderson Director | Trustee | 1 | $0 |
Greg Flood Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,640 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,640 |
| Total Program Service Revenue | $6,360 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $26,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,639 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,639 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $24,639 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,639 |
Grants Awarded
Over the last fiscal year, Statesman Foundation Inc has awarded $105,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Jericho, NY PURPOSE: FUNDS WILL BE USED FOR THE SUPPORT OF FEMALE PROFESSIONALS IN FINACIAL LINES INSURANCE INCLUDNG EDUCATION, MENTORING, AND NETWORKING. | $26,000 |
Jericho, NY PURPOSE: FUNDS WILL BE USED FOR THE SUPPORT OF FEMALE PROFESSIONALS IN FINACIAL LINES INSURANCE INCLUDNG EDUCATION, MENTORING, AND NETWORKING. | $26,000 |
Sparkill, NY PURPOSE: FUNDS WILL BE USED TO ASSIST NATIVE AMERICANS ON THE ROCKY BOY INDIAN RESERVATION AND IN BOX ELDER AND BIG SANDY IN NORTH CENTRAL MONTANA. SEPARATE FUNDS PROVIDED WILL BE USED TO HELP REBUILD THE ROCKY BOY CATHOLIC CHURCH THAT WAS DESTROYED IN A FIRE. | $15,500 |
Sparkill, NY PURPOSE: FUNDS WILL BE USED TO ASSIST NATIVE AMERICANS ON THE ROCKY BOY INDIAN RESERVATION AND IN BOX ELDER AND BIG SANDY IN NORTH CENTRAL MONTANA. SEPARATE FUNDS PROVIDED WILL BE USED TO HELP REBUILD THE ROCKY BOY CATHOLIC CHURCH THAT WAS DESTROYED IN A FIRE. | $15,500 |
Hartford, CT PURPOSE: FUNDS WILL BE USED TO PROVIDE COLLEGE SCHOLARSHIPS TO DESERVING STUDENTS. | $6,000 |
Hartford, CT PURPOSE: FUNDS WILL BE USED TO PROVIDE COLLEGE SCHOLARSHIPS TO DESERVING STUDENTS. | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Excess Line Association Of New York New York, NY | $36,201,317 | $11,240,697 |
Guaranty Fund Management Services Inc Boston, MA | $2,796,356 | $6,554,035 |
Society Of Chartered Property & Casualty Underwriters Inc Malvern, PA | $9,708,613 | $4,213,152 |
Massachussetts Association Of Insurance Agents Inc Milford, MA | $15,366,665 | $4,849,036 |
Spark Institute Inc Simsbury, CT | $3,290,502 | $1,638,817 |
Professional Insurance Agents Of New York State Inc Glenmont, NY | $9,604,460 | $1,641,025 |
New York State Funeral Directors Association Inc Albany, NY | $12,864,504 | $2,564,009 |
Independent Insurance Agents Of Nj Trenton, NJ | $4,471,739 | $772,064 |
Ceg Of The Capital Region Inc Albany, NY | $954,995 | $1,640,221 |
New England Venture Capital Association Boston, MA | $646,972 | $792,153 |
Firemens Relief Association Of State College State College, PA | $6,748,666 | $758,145 |
Eastern Millwright Regional Council Labor Management Fund Framingham, MA | $6,487,763 | $1,424,893 |