Distinguished Social Ventures Foundation
- Assets
- $0.0
- Revenue
- $68.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Mamaroneck, NY
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 45-4307559
Organization Overview
Distinguished Social Ventures Foundation is located in Mamaroneck, NY. The organization was established in 2013. 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. Distinguished Social Ventures 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 12/2021, Distinguished Social Ventures Foundation generated $68.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.5%) each year. All expenses for the organization totaled $68.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Distinguished Social Ventures Foundation has awarded 27 individual grants totaling $322,850. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONDUCTS AND PROVIDES FINANCIAL SUPPORT FOR ACTIVITIES AND PROGRAMS CONSISTENT WITH ITS CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, WHICH INCLUDE TRANSFORMING THE LIVES OF PERSONS IN DISTRESSED SOCIOECONOMIC CIRCUMSTANCES WHO FACE SIGNIFICANT BARRIERS TO EMPLOYMENT. THE FOUNDATION ACCOMPLISHES THESE PURPOSES BY HELPING TO DEVELOP EMPLOYMENT OPPORTUNITIES FOR SUCH INDIVIDUALS WITHIN THEIR COMMUNITIES, IN PART STRENGTHENING THE ABILITY OF COMMUNITY-BASED ORGANIZATIONS TO CREATE AND SUSTAIN SUCH OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Potash President, Treasurer, Dire | 5 | $0 | |
Andrea Potash Secretary, Director | 2 | $0 | |
Adam Potash Director | 0 | $0 | |
Scott Potash Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $68,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $0 |
| Total Revenue | $68,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $369 |
| Total operating and administrative expenses | $2,323 |
| Contributions, gifts, grants paid | $66,000 |
| Total expenses and disbursements | $68,323 |
| 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 | $0 |
| 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, Distinguished Social Ventures Foundation has awarded $66,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE DOE FUND PURPOSE: GENERAL | $2,500 |
HUDSON LINK FOR HIGHER EDUCATION PURPOSE: GENERAL | $1,000 |
LIFTING UP WESTCHESTER PURPOSE: GENERAL | $3,500 |
OSBORNE ASSOCIATION PURPOSE: GENERAL | $59,000 |