Sitrin Foundation Inc
- Assets
- $2.7m
- Revenue
- $137.4k
- Investments
- $0.0
- Employees
- 0
- Location
- New Hartford, NY
- Founding
- 08/2002
- Data as of
- 12/2021
- EIN
- 30-0098393
Organization Overview
Sitrin Foundation Inc is located in New Hartford, NY. The organization was established in 2002. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sitrin 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, Sitrin Foundation Inc generated $137.4k 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 (7.3%) each year. All expenses for the organization totaled $148.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SITRIN FOUNDATION RAISES FUNDS AND AWARENESS FOR PROJECTS AND SERVICES THAT ADVANCE AND IMPROVE THE LIVES OF THOSE SERVED BY SITRIN NETWORK OF HOMES & SERVICES AND ITS AFFILIATES. THIS IS ACHIEVED BY BUILDING RELATIONSHIPS WITH CORPORATIONS, FOUNDATIONS, AND INDIVIDUALS TO SUPPORT ENHANCED CARE, CAPITAL PROJECTS, EQUIPMENT, RESEARCH, AND OTHER AREAS OF DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUE TO THE ONGOING COVID PANDEMIC, THE ANNUAL STARS AND STRIPES RUN/WALK WAS NOT HELD IN 2021. THE PUBLIC CONTINUED TO SUPPORT THIS PROGRAM WITHOUT AN ACTUAL EVENT OCCURRING. PROCEEDS SUPPORT SITRIN'S MILITARY REHABILITATION PROGRAM, WHICH PROVIDES COMPREHENSIVE CARE FOR VETERANS AND INJURED SERVICE MEMBERS WHO HAVE POST-TRAUMATIC STRESS, TRAUMATIC BRAIN INJURIES, AMPUTATIONS, SPINAL CORD INJURIES, AND OTHER COMBAT-RELATED CONDITIONS.THE SITRIN FOUNDATION CONTINUED TO COLLECT PLEDGES FROM THE PREVIOUS CAPITAL CAMPAIGNS AS WELL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Cominsky Vice Chairman | OfficerTrustee | 1 | $0 |
Mark Smith Chairman | OfficerTrustee | 1 | $0 |
Christa L Serafin CEO | Officer | 1 | $0 |
Rosemary Bonacci VP Of Foundation | Officer | 37.5 | $0 |
Rocco Arcuri Director | Trustee | 0.5 | $0 |
Edward Kowalsky Director | Trustee | 0.5 | $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 | $137,027 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,027 |
| Total Program Service Revenue | $0 |
| Investment income | $343 |
| 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 | $137,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $132,766 |
| 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 | $6,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,025 |
| 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 | $243 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $32 |
| Total functional expenses | $148,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,106 |
| Savings and temporary cash investments | $260,924 |
| 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 | $2,393,219 |
| Total assets | $2,685,249 |
| 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 | $1,505,936 |
| Total liabilities | $1,505,936 |
| Net assets without donor restrictions | -$1,378,024 |
| Net assets with donor restrictions | $2,557,337 |
| 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 | $2,685,249 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Sitrin Foundation Inc has recieved totaling $11,600.
| Awarding Organization | Amount |
|---|---|
Charles And Florence Kaplan Foundation Rome, NY PURPOSE: GENERAL AID TO NEEDY | $3,600 |
Nycm Foundation Edmeston, NY PURPOSE: DONATION | $2,500 |
Nycm Foundation Edmeston, NY PURPOSE: DONATION | $2,500 |
Nycm Foundation Edmeston, NY PURPOSE: DONATION | $2,500 |
Utica National Foundation Inc Utica, NY PURPOSE: PROGRAM SERVICES | $500 |
Endowment Analysis
| Beg. Balance | $2,569,681 |
| Earnings | $82,332 |
| Net Contributions | $53,716 |
| Other Expense | $148,392 |
| Ending Balance | $2,557,337 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Of The Finger Lakes Inc Rochester, NY | $32,628,122 | $49,070,844 |
Cds Life Transitions Inc Webster, NY | $27,377,961 | $42,498,217 |
Marc Lustgarten Pancreatic Cancer Foundation Woodbury, NY | $78,505,397 | $30,446,505 |
Oorah Inc Lakewood, NJ | $130,482,876 | $48,751,696 |
Childrens Home Of Bradford Pa Bradford, PA | $26,433,837 | $14,233,894 |
Inglis Foundation Philadelphia, PA | $233,825,090 | $16,920,191 |
The Watson Institute Sewickley, PA | $170,930,648 | $13,658,608 |
Kidsvoice Pennsylvania Inc Pittsburgh, PA | $7,340,747 | $6,599,088 |
Stoneridge Retirement Living Communities Inc Myerstown, PA | $4,364,446 | $5,435,180 |
The Foundation Of The Oscar And Ella Wilf Campus For Senior Living Somerset, NJ | $10,391,849 | $3,643,840 |
Sco Foundation Glen Cove, NY | $76,367,709 | $5,076,725 |
Israel Guide Dog Center For The Blind Warrington, PA | $19,631,861 | $3,082,807 |