Sasson Soffer Foundation Inc
- Assets
- $501.0k
- Revenue
- $34.8k
- Investments
- $447.4k
- Employees
- 0
- Location
- Sag Harbor, NY
- Founding
- 03/1999
- Data as of
- 10/2023
- EIN
- 31-1599286
Organization Overview
Sasson Soffer Foundation Inc is located in Sag Harbor, NY. The organization was established in 1999. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sasson Soffer 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS ESTABLISHED PUBLIC ACCESS TO THE ARTISTIC WORKS OF MR SASSON SOFFER LOCATED ON 5 ACRES OF PARK LAND IN AMAGANSETT, NEW YORK. HIS ARTISTIC WORKS ARE ON DISPLAY.
THE FOUNDATION HAS CREATED METAL SCULPTURES AND DONATED SAID SCULPTURES TO THIS PARK LAND.
THE FOUNDATION IS PROVIDING ACCESS TO VIEW THE SCULPTURES IN THE PARK BY MAINTAINING, LANDSCAPING, STORAGE OF SCULPTURES AND MOVING OF SCULPTURES THE ACREAGE IN THE PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stella Sands President | 4 | $0 | |
Alexander Forden Officer | 0 | $0 | |
Jennifer Dixon Assistant | 0 | $0 | |
Marjorie Frank Assistant | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,500 |
| Dividends & Interest | $10,063 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,257 |
| Capital Gain Net Income | $21,257 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,820 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $192 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,469 |
| Total operating and administrative expenses | $44,078 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $44,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $53,636 |
| 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 | $501,044 |
| 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 |