Silverback Educational Foundation For The Arts Dance And Athletics
- Assets
- $6.5m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Newtown Square, PA
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 46-4902114
Organization Overview
Silverback Educational Foundation For The Arts Dance And Athletics is located in Newtown Square, PA. The organization was established in 2015. 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. Silverback Educational Foundation For The Arts Dance And Athletics 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, Silverback Educational Foundation For The Arts Dance And Athletics generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 38.4% each year . All expenses for the organization totaled $584.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Silverback Educational Foundation For The Arts Dance And Athletics has awarded 54 individual grants totaling $3,245,734. 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 SWAG SOCCER PROGRAM: THE SWAG IS A SOCCER TRAINING PROGRAM FOCUSED ON OPPORTUNITIES FOR YOUNG ATHLETES AGES 4 THROUGH 8 FROM PHILADELPHIA'S AFRICAN-AMERICAN AND IMMIGRANT COMMUNITIES. THE SWAG'S FOCUS IS ON PROVIDING ACCELERATED TECHNICAL DEVELOPMENT AND PROFESSIONAL COACHING IN A FUN SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,022,000 |
| 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 | $7,022,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $123,058 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $366 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,803 |
| Printing and publications | $0 |
| Other expenses | $158,777 |
| Total operating and administrative expenses | $300,987 |
| Contributions, gifts, grants paid | $283,540 |
| Total expenses and disbursements | $584,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,510,087 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,042 |
| 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 | $4,598 |
| Other assets | $0 |
| Total assets | $6,515,727 |
| Accounts payable and accrued expenses | $6,053 |
| 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 | $6,053 |
Grants Awarded
Over the last fiscal year, Silverback Educational Foundation For The Arts Dance And Athletics has awarded $283,539 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
York, PA PURPOSE: EDUCATIONAL SUPPORT | $81,362 |
THE EPISCOPAL ACADEMY PURPOSE: EDUCATIONAL SUPPORT | $67,966 |
Wayne, PA PURPOSE: EDUCATIONAL SUPPORT | $49,833 |
Malvern, PA PURPOSE: EDUCATIONAL SUPPORT | $34,750 |
Bryn Mawr, PA PURPOSE: EDUCATIONAL SUPPORT | $15,583 |
Philadelphia, PA PURPOSE: YOUTH ATHLETIC PROGRAM SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |