Steven Aresty Foundation
- Assets
- $4.3m
- Revenue
- $101.1k
- Investments
- $4.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2001
- Data as of
- 12/2023
- EIN
- 31-6666392
Organization Overview
Steven Aresty Foundation is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steven Aresty Foundation 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, Steven Aresty Foundation generated $101.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $311.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Steven Aresty Foundation has awarded 265 individual grants totaling $2,181,953. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Aresty Trustee | 5 | $0 | |
Charles Aresty Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16,627 |
| Dividends & Interest | $122,528 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$38,103 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24 |
| Total Revenue | $101,076 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $15,202 |
| Taxes | $3,902 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $447 |
| Total operating and administrative expenses | $43,972 |
| Contributions, gifts, grants paid | $267,000 |
| Total expenses and disbursements | $310,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $4,288,785 |
| 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 | $431 |
| Total liabilities | $431 |
Grants Awarded
Over the last fiscal year, Steven Aresty Foundation has awarded $267,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY FOR TEACHERS PURPOSE: FOR THE USE OF THE DONEE ORGANIZATION | $90,000 |
CITIZEN'S COMMITTEE FOR CHILDREN OF NY PURPOSE: FOR THE USE OF THE DONEE ORGANIZATION | $10,000 |
EN GARDE ARTS CO LORTEL FOUNDATION PURPOSE: FOR THE USE OF THE DONEE ORGANIZATION | $5,000 |
EQUUS EFFECT PURPOSE: FOR THE USE OF THE DONEE ORGANIZATION | $5,000 |
HABITAT FOR HUMANITY OF NW CT PURPOSE: FOR THE USE OF THE DONEE ORGANIZATION | $1,000 |
HUDSON RIVER COMMUNITY SAILING PURPOSE: FOR THE USE OF THE DONEE ORGANIZATION | $10,000 |