Siegel Family Endowment Inc
- Assets
- $500.2m
- Revenue
- $82.7m
- Investments
- $333.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2011
- Data as of
- 12/2023
- EIN
- 45-1742989
Organization Overview
Siegel Family Endowment Inc is located in New York, NY. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Siegel Family Endowment 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, Siegel Family Endowment Inc generated $82.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $33.9m during the year ending 12/2023. While expenses have increased by 8.8% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Siegel Director, Chairman | 1 | $0 | |
Sheri Vammen Vice Chair, Secretary | 2.5 | $0 | |
Richard A Sauer Treasurer | 4 | $0 | |
Kathleen Knight E.d./president | 50 | $0 | |
Anzu Enterprises Llc 0 | 0 | $550,500 | |
John Stevens Irons Jr Svp/head Of Research | 40 | $359,360 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Berlin Rosen Ltd | 12/30/23 | $126,690 |
Whiteboard Advisors Llc | 12/30/23 | $90,000 |
Thomas Kowalski | 12/30/23 | $70,000 |
Lenny Vaknine | 12/30/23 | $67,700 |
Rachel Burnstein | 12/30/23 | $51,219 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $564,765 |
| Dividends & Interest | $82,113,442 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $237 |
| Total Revenue | $82,678,444 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,945,881 |
| Pension plans, employee benefits | $415,052 |
| Interest | $0 |
| Taxes | $1,596,101 |
| Depreciation | $135,414 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $199,477 |
| Printing and publications | $10,096 |
| Other expenses | $819,425 |
| Total operating and administrative expenses | $7,013,671 |
| Contributions, gifts, grants paid | $26,907,603 |
| Total expenses and disbursements | $33,921,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,024 |
| Savings and temporary cash investments | $143,959,799 |
| Net Accounts receivable | $3,685 |
| 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 | $886,900 |
| Net Land, buildings, and equipment | $22,916,340 |
| Other assets | $0 |
| Total assets | $500,197,981 |
| Accounts payable and accrued expenses | $23,637 |
| 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 | $23,637 |