Seaman Family Foundation
- Assets
- $2.9m
- Revenue
- $189.2k
- Investments
- $2.7m
- Employees
- 0
- Location
- Beachwood, OH
- Founding
- 02/2016
- Data as of
- 12/2023
- EIN
- 36-4814674
Organization Overview
Seaman Family Foundation is located in Beachwood, OH. The organization was established in 2016. 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. Seaman Family 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, Seaman Family Foundation generated $189.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (23.1%) each year. All expenses for the organization totaled $283.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Seaman Family Foundation has awarded 62 individual grants totaling $1,377,445. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Seaman Director | 0 | $0 | |
Beverly Seaman Director | 0 | $0 | |
Marci Friedman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,000 |
| Interest on Savings | $5,749 |
| Dividends & Interest | $57,997 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,435 |
| Capital Gain Net Income | $19,926 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $189,181 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,568 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60 |
| Total operating and administrative expenses | $23,299 |
| Contributions, gifts, grants paid | $260,500 |
| Total expenses and disbursements | $283,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,230 |
| Savings and temporary cash investments | $100,408 |
| 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 | $2,923,205 |
| 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 |
Grants Awarded
Over the last fiscal year, Seaman Family Foundation has awarded $260,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF KEDUMIM INC PURPOSE: GENERAL | $25,000 |
ASU PURPOSE: GENERAL | $45,000 |
OHEB ZEDEK CEDAR SINAI SYNAGOGUE PURPOSE: GENERAL | $20,000 |
STAND WITH US PURPOSE: GENERAL | $25,000 |
FRIENDS OF THE ISRAEL DEFENSE FUND PURPOSE: GENERAL | $85,000 |
CENTAL FUND OF ISRAEL SHURAT HADIN PURPOSE: GENERAL | $5,000 |