Satell Institute
- Assets
- $12.3m
- Revenue
- $638.9k
- Investments
- $11.6m
- Employees
- 0
- Location
- King Of Prussia, PA
- Founding
- 02/2016
- Data as of
- 12/2023
- EIN
- 47-4675286
Organization Overview
Satell Institute is located in King Of Prussia, PA. The organization was established in 2016. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Satell Institute 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, Satell Institute generated $638.9k 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 (25.8%) each year. All expenses for the organization totaled $855.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Satell Institute has awarded 82 individual grants totaling $4,234,475. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SATELL INSTITUTE SERVES TO CONVENE, EDUCATE AND FACILITATE INITIATIVES FOR CEOS, THE LEADERS OF FOR-PROFITS AND FOUNDATIONS AS WELL AS NONPROFIT ORGANIZATIONS, ON THE TOPIC OF CORPORATE SOCIAL RESPONSIBILITY (CSR)IMPROVING THE COMMUNITY. IT IS A LEADING CEO MEMBER ORGANIZATION DEDICATED TO CSR. THERE ARE NO FEES OR DUES TO JOIN, AS THE SATELL INSTITUTE IS FULLY ENDOWED. FOR-PROFIT AND FOUNDATION MEMBERS MAKE A FOUR-YEAR COMMITMENT OF $25,000 OR MORE PER YEAR ($100,000 MIN.) TO FUND ANY LAWFUL NONPROFIT THEY CHOOSE. ALL FUNDS GO DIRECTLY FROM THE DONOR TO THE NONPROFIT. THE SATELL INSTITUTE IS NOT A CONDUIT. THE NONPROFITS SUPPORTED ALSO BECOME NONPROFIT AFFILIATE MEMBERS AT NO CHARGE.TO SERVE THESE MEMBERS AND FACILITATE SHARING BEST PRACTICES, THE SATELL INSTITUTE PRESENTS TWO MAJOR PRIVATE CEO CONFERENCES EACH YEAR FOCUSED ON CORPORATE PHILANTHROPY, AND ONE NONPROFIT LEADERSHIP SUMMIT ON ISSUES FACING NONPROFITS, WHO ARE SURVEYED EACH SUMMER TO IDENTIFY CUTTING EDGE CHALLENGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward M Satell Director/pres.-Treasurer | 1 | $0 | |
Regina Lennox Exec. Vice Pres./chief Of Solicitation | 30 | $126,644 | |
Peter Frumkin Research Director | 8 | $19,885 | |
Lori Kappel Administrator | 37.5 | $60,000 | |
Paul Beiderman CEO | 37.5 | $110,337 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $317,690 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $296,231 |
| Capital Gain Net Income | $296,231 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $638,921 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $316,866 |
| Other employee salaries and wages | $36,776 |
| Pension plans, employee benefits | $14,660 |
| Interest | $0 |
| Taxes | $30,436 |
| Depreciation | $0 |
| Occupancy | $24,000 |
| Travel, conferences, and meetings | $149,010 |
| Printing and publications | $0 |
| Other expenses | $162,621 |
| Total operating and administrative expenses | $855,662 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $855,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,396 |
| Savings and temporary cash investments | $698,410 |
| 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 | $12,261,525 |
| 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, Satell Institute has awarded $89,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CRADLE OF LIBERTY BOY SCOUTS OF AMERICA PURPOSE: TO MATCH DONATIONS FROM LOCAL BUSINESSES IN SUPPORT OF THE ORGANIZATION'S MISSION | $20,500 |
JUNIOR ACHIEVEMENT PURPOSE: TO MATCH DONATIONS FROM LOCAL BUSINESSES IN SUPPORT OF THE ORGANIZATION'S MISSION | $21,800 |
LEARN FRESH PURPOSE: TO MATCH DONATIONS FROM LOCAL BUSINESSES IN SUPPORT OF THE ORGANIZATION'S MISSION | $12,200 |
PENNSYLVANIA ACADEMY OF FINE ARTS PURPOSE: TO MATCH DONATIONS FROM LOCAL BUSINESSES IN SUPPORT OF THE ORGANIZATION'S MISSION | $26,900 |
WORLD AFFAIRS COUNCIL PURPOSE: TO MATCH DONATIONS FROM LOCAL BUSINESSES IN SUPPORT OF THE ORGANIZATION'S MISSION | $8,100 |