Samstone Foundation
- Assets
- $1.6m
- Revenue
- $8.4k
- Investments
- $1.6m
- Employees
- 0
- Location
- Old Greenwich, CT
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 47-6586278
Organization Overview
Samstone Foundation is located in Old Greenwich, CT. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Samstone 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 12/2022, Samstone Foundation generated $8.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $211.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FOCUSED ON TWO TOPICS CENTERED AROUND THE THEME OF AGRICULTURE: FIRST WAS HOW AGRICULTURAL CONVERSION OF NATURAL VEGETATION AFFECTS SOIL CARBONATES, AND SECOND WAS HOW DIFFERENT FARMING PRACTICES SUCH AS TILLAGE AND CROP ROTATIONS AFFECT FARMER PROFITS. THE FOUNDATION CONDUCTED LITERATURE REVIEWS TO GATHER DATA ON THE TWO TOPICS. FOR THE FORMER TOPIC, THE FOUNDATION EXAMINED HOW CLIMATE AND SOIL FACTORS AFFECT THE CHANGE IN SOIL CARBONATES WITH CROP CULTIVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hyungkwon Kim Trustee | 0 | $0 | |
Yoonsoo Choi Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,500 |
| Interest on Savings | $122 |
| Dividends & Interest | $33,738 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$32,125 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $168 |
| Total Revenue | $8,403 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,100 |
| Depreciation | $0 |
| Occupancy | $4,900 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $111,172 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $211,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $74,850 |
| 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 | $900 |
| Total assets | $1,642,608 |
| 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 |