Statesman Foundation Inc
- Assets
- $24.9k
- Revenue
- $294.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Pleasantville, NY
- Founding
- 04/2012
- Data as of
- 12/2023
- 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 12/2023, Statesman Foundation Inc generated $294.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $295.4k during the year ending 12/2023. While expenses have increased by 12.4% per year over the past 7 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 2016, Statesman Foundation Inc has awarded 30 individual grants totaling $407,000. 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
2023
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
DURING 2023, THE STATESMAN FOUNDATION HELD ITS ANNUAL STATESMAN DINNER FOR INSURANCE PROFESSIONALS AT GOTHAM HALL IN NYC, THE PROCEEDS OF WHICH WERE CONTRIBUTED TO 21 CHARITIES IN THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Bell President | OfficerTrustee | 1 | $0 |
Clare Mccarrick Director | Trustee | 1 | $0 |
Christine Williams Director | Trustee | 1 | $0 |
Michelle Sartain Director | Trustee | 1 | $0 |
Alex Murales 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 | $132,480 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,480 |
| Total Program Service Revenue | $161,520 |
| 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 | $294,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
| 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 | $2,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,000 |
| Advertising and promotion | $0 |
| Office expenses | $26 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,350 |
| Travel | $1,349 |
| 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 | $295,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,913 |
| 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 | $10,000 |
| 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 | $24,913 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $6,000 |
| 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 | $6,000 |
| Net assets without donor restrictions | $18,913 |
| 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 | $24,913 |
Grants Awarded
Over the last fiscal year, Statesman Foundation Inc has awarded $107,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
DOMINICAN SISTERS PURPOSE: $15,000 OF THE FUNDS WILL BE USED TO ASSIST NATIVE AMERICANS ON ROCKY BOY INDIAN RESERVATION, BOX ELDER, AND FT. BELKNAP INDIAN RESERVATION. THE REMAINING FUNDS WILL BE USED TO ASSIST PEOPLE WITH TRANSPORTATION, FUNERAL EXPENSES, FOOD, CAR REPAIRS AND OTHER NECESSITIES. $10,000 WILL BE APPLIED TO SEVERAL PROJECTS ON THE ROCKY BOY AND FORT BELKNAP INDIAN RESERVATIONS. THESE PROJECTS INCLUDE SOME HOME REPAIRS, ASSISTANCE WITH CRISIS INTERVENTION AND BASIC NECESSITIES SUCH AS TRANSPORTATION AND FOOD. | $25,000 |
NEW YORK COMMON PANTRY PURPOSE: TO PROVIDE FRESH HEALTHY FOOD, SOCIAL SERVICES SUPPORT, AND NUTRITION EDUCATION FOR FAMILIES AND INDIVIDUALS CITYWIDE. | $25,000 |
MOUNTAIN HOME MONTANA PURPOSE: TO SUPPORT YOUNG, VULNERABLE FAMILIES AND TO ENSURE THE MOMS ARE CONNECTED TO HOUSING, MENTAL AND PHYSICAL HEALTHCARE, ACCESS TO CHILDCARE, EMPLOYMENT, EDUCATION, AND SO MUCH MORE. | $10,000 |
GREATER MISSOULA FAMILY YMCA PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND, AND BODY FOR ALL. | $10,000 |
PRESTON HIGH SCHOOL PURPOSE: TO CONTRIBUTE TO THE SCHOOL'S CAPITAL CAMPAIGN. | $10,000 |
JUNIOR ACHEIVEMENT OF NEW JERSEY PURPOSE: TO PROVIDE FUNDING TO BRING EXPLORATION, FINANCIAL LITERACY, AND OTHER EDUCATIONAL PROGRAMMING TO NEW JERSEY STUDENTS | $7,500 |