Silverback Educational Foundation For The Arts Dance And Athletics
- Assets
- $7.2m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Newtown Square, PA
- Founding
- 09/2015
- Data as of
- 12/2022
- 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 12/2022, Silverback Educational Foundation For The Arts Dance And Athletics generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 7.1% per year over the past 7 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.
Since 2016, Silverback Educational Foundation For The Arts Dance And Athletics has awarded 78 individual grants totaling $5,119,248. 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
2022
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 Chairman | 1 | $0 | |
Name Not Listed President | 1 | $0 | |
Name Not Listed Secretary & Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,823,408 |
| 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 | $2,823,408 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $166,219 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,131 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,469 |
| Printing and publications | $0 |
| Other expenses | $159,413 |
| Total operating and administrative expenses | $351,376 |
| Contributions, gifts, grants paid | $1,878,513 |
| Total expenses and disbursements | $2,229,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,152,409 |
| 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 | $1,979 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,155,430 |
| Accounts payable and accrued expenses | $52,237 |
| 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 | $52,237 |
Grants Awarded
Over the last fiscal year, Silverback Educational Foundation For The Arts Dance And Athletics has awarded $1,873,514 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BRYN MAWR HOSPITAL FOUNDATION PURPOSE: EDUCATIONAL SUPPORT | $5,000 |
BENCHMARK SCHOOL PURPOSE: EDUCATIONAL SUPPORT | $50,000 |
BURKE MOUNTAIN ACADEMY PURPOSE: EDUCATIONAL SUPPORT | $100,000 |
CHARITY FOR THE ARTS SPORTS & EDUCATION PURPOSE: YOUTH ATHLETIC PROGRAM SUPPORT | $129,484 |
CHESTER RIDLEY CRUM WATERSHEDS ASSTN PURPOSE: EDUCATIONAL SUPPORT | $2,500 |
LOGOS ACADEMY PURPOSE: EDUCATIONAL SUPPORT | $40,000 |