Security Mutual Life Insurance Company Flood Relief Charitable Tr
- Assets
- $556.5k
- Revenue
- $276.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Binghamton, NY
- Founding
- 02/2012
- Data as of
- 12/2022
- EIN
- 45-3302040
Organization Overview
Security Mutual Life Insurance Company Flood Relief Charitable Tr is located in Binghamton, NY. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Security Mutual Life Insurance Company Flood Relief Charitable Tr 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 12/2022, Security Mutual Life Insurance Company Flood Relief Charitable Tr generated $276.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $381.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Security Mutual Life Insurance Company Flood Relief Charitable Tr has awarded 57 individual grants totaling $1,535,815. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH ITS SOCK OUT CANCER INITIATVE, TO ASSIST FINANCIALLY DISTRESSED CANCER PATIENTS AND THEIR FAMILIES PAY FOR NON-MEDICAL NECESSITIES SUCH AS FOOD, TRANSPORTATION AND HOUSING; AS WELL AS TO RAISE PUBLIC AWARENESS OF THE FINANICAL DIFFICULTIES THAT FAMILIES AFFLICTED BY CANCER FACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SECURITY MUTUAL LIFE FOUNDATION THROUGH SOCK OUT CANCER, LLC, AND THE SOCK OUT CANCER INITIATIVE, PROVIDE GRANTS TO HOSPITAL FOUNDATIONS AND OTHER AFFILIATED CHARITABLE ORGANIZATIONS TO ASSIST FINANCIALLY DISTRESSED CANCER PATIENTS AND THEIR FAMILIIES PAY FOR NON-MEDICAL NECESSITIES SUCH AS FOOD, TRANSPORTATION AND HOUSING SO PATIENTS CAN FOCUS THEIR ENERGY ON FIGHTING CANCER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Boyea Trustee | OfficerTrustee | 10 | $0 |
Kirk R Gravely Trustee | OfficerTrustee | 10 | $0 |
Kevin Mckeown Trustee | OfficerTrustee | 10 | $0 |
Frederick L Wortman Trustee | OfficerTrustee | 10 | $0 |
Mary Ward Trustee | OfficerTrustee | 10 | $0 |
Jeffrey M Jacobs Officer | Officer | 10 | $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 | $100,525 |
| Noncash contributions included in lines 1a–1f | $5,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,525 |
| Total Program Service Revenue | $0 |
| Investment income | $1,224 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $173,329 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,418 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $276,496 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $340,820 |
| 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 | $0 |
| Fees for services: Legal | $3,644 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,791 |
| Office expenses | $6,515 |
| 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 | $0 |
| Total functional expenses | $381,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,814 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,122 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $164,807 |
| 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 | $9,717 |
| Total assets | $556,460 |
| Accounts payable and accrued expenses | $8,037 |
| 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 | $7,800 |
| Total liabilities | $15,837 |
| Net assets without donor restrictions | $534,514 |
| Net assets with donor restrictions | $6,109 |
| 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 | $556,460 |
Grants Awarded
Over the last fiscal year, Security Mutual Life Insurance Company Flood Relief Charitable Tr has awarded $338,826 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ALBANY MEDICAL CTR FOUNDATION PURPOSE: FUNDING DISTRESSED CANCER FAMILIES | $40,000 |
BC COUNCIL OF CHURCHES PURPOSE: FUNDING DISTRESSED CANCER FAMILIES | $7,500 |
BING LOCAL DEVELOPMENT CORP PURPOSE: FUNDING DISTRESSED CANCER FAMILIES | $6,500 |
BOYS & GIRLS CLUB OF BING PURPOSE: FUNDING DISTRESSED CANCER FAMILIES | $7,500 |
BROOME COUNTY URBAN LEAGUE PURPOSE: FUNDING DISTRESSED CANCER FAMILIES | $7,500 |
CATHOLIC CHARITIES OF BROOME PURPOSE: FUNDING DISTRESSED CANCER FAMILIES | $7,500 |