Sior Foundation
- Assets
- $7.2m
- Revenue
- $663.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/1965
- Data as of
- 08/2023
- EIN
- 52-0808480
Organization Overview
Sior Foundation is located in Washington, DC. The organization was established in 1965. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sior 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 08/2023, Sior Foundation generated $663.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $567.6k during the year ending 08/2023. While expenses have increased by 6.1% per year over the past 8 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 2015, Sior Foundation has awarded 103 individual grants totaling $1,406,631. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE & SUPPORT INITIATIVES THAT EDUCATE, ENHANCE & EXPAND THE COMMERCIAL REAL ESTATE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO SIOR AND NON-PROFIT ORGANIZATIONS FOR SUPPORT OF REAL ESTATE EDUCATION AND LEADERSHIP TRAINING: TO SUPPORT COMMERCIAL REAL ESTATE ARTICLES IN A QUARTERLY PUBLICATION THAT REACHED OVER 4,000 PROFESSIONALS PER ISSUE IN CIRCULATION. TO SUPPORT HIGH QUALITY TRAINING THAT ENHANCES PROFESSIONAL AND PERSONAL LEADERSHIP SKILLS OF CORPORATE REAL ESTATE PROFESSIONALS IN MANUFACTURING AND INDUSTRIAL ASSET MANAGEMENT INDUSTRY.
SIOR CHAPTER MATCHING SCHOLARSHIP PROGRAM: TO ENCOURAGE AND ASSIST THE BEST AND BRIGHTEST STUDENTS STUDYING COMMERCIAL REAL ESTATE. SUPPORTED 18 SIOR CHAPTERS IN THE U.S. AND CANADA IN SUPPORTING 60 STUDENTS AT 27 EDUCATIONAL INSTITUTIONS AROUND THE U.S.
SIOR CHAPTER MATCHING EDUCATIONAL SPEAKERS AND COMMUNITY PROGRAMS: TO ASSIST SIOR CHAPTERS IN EDUCATING COMMERCIAL REAL ESTATE PROFESSIONALS AND INDUSTRY STAKEHOLDERS, AND TO ENHANCE PUBLIC EDUCATION, UNDERSTANDING, AND AWARENESS OF THE INDUSTRY. SUPPORTED 5 SIOR CHAPTERS AND 2 REGIONS AROUND THE U.S., CANADA, & EUROPE TO PROVIDE 7 COMMERCIAL REAL ESTATE EDUCATIONAL PROGRAMS WITH LEADING INDUSTRY EXPERT SPEAKERS THAT IMPACTED OVER 1,400 COMMERCIAL REAL ESTATE PROFESSIONALS AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corrine Nowak Director | Officer | 37.5 | $0 |
Albert M Mcneel Immediate Past President | OfficerTrustee | 1 | $0 |
Richard Sleasman President | OfficerTrustee | 1 | $0 |
Barbara Johnson President-Elect, Chair | OfficerTrustee | 1 | $0 |
Stan Kleweno Treasurer | OfficerTrustee | 1 | $0 |
Theodore Konigsberg Vice President, Chair Grant & Scholorship | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $476,906 |
| Noncash contributions included in lines 1a–1f | $996 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $476,906 |
| Total Program Service Revenue | $0 |
| Investment income | $122,135 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $62,571 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $663,262 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $279,480 |
| Grants and other assistance to domestic individuals. | $16,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,593 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,292 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,427 |
| Payroll taxes | $7,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,858 |
| Fees for services: Accounting | $46,141 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,799 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,756 |
| Information technology | $2,986 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,935 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,188 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,334 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $567,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,009 |
| Savings and temporary cash investments | $474,582 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,795 |
| Net Land, buildings, and equipment | $1,111 |
| Investments—publicly traded securities | $6,681,898 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,683 |
| Total assets | $7,222,078 |
| Accounts payable and accrued expenses | $18,525 |
| Grants payable | $61,726 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,466 |
| Total liabilities | $116,717 |
| Net assets without donor restrictions | $6,476,153 |
| Net assets with donor restrictions | $629,208 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,222,078 |
Grants Awarded
Over the last fiscal year, Sior Foundation has awarded $236,277 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
REAL ESTATE EXECUTIVE COUNCIL PURPOSE: TO SUPPORT SUMMER ACADEMIC PROGRAM FOR UNDERSERVED AND DISADVANTAGED HIGH SCHOOL STUDENTS | $50,000 |
SIOR CAROLINAS CHAPTER PURPOSE: TO SUPPORT STUDENTS ENROLLED AT TWO ACCREDITED MRE PROGRAMS; TO SUPPORT COMMERCIAL REAL ESTATE EDUCATIONAL PROGRAMMING THAT INCLUDED SPEAKERS FROM THE COMMERCIAL REAL ESTATE INDUSTRY ON CURRENT INDUSTRY AND ECONOMIC TRENDS; TO SUPPORT FIVE STUDENTS' ATTEN | $20,752 |
SIOR CHICAGO CHAPTER PURPOSE: TO SUPPORT FOUR STUDENTS STUDYING AT THREE ACCREDITED UNIVERSITIES IN REAL ESTATE RELATED DEGREES. | $6,000 |
SIOR CONNECTICUT CHAPTER PURPOSE: TO SUPPORT FIVE STUDENTS STUDYING AT AN ACCREDITED UNIVERSITIES IN REAL ESTATE RELATED DEGREES; TO SUPPORT TWO STUDENTS' ATTENDANCE AT INDUSTRY RELATED EVENTS | $7,850 |
SIOR MINNESOTA CHAPTER PURPOSE: TO SUPPORT THREE STUDENTS STUDYING AT TWO ACCREDITED UNIVERSITIES IN REAL ESTATE RELATED DEGREES. | $9,000 |
SIOR NORTH TEXAS CHAPTER PURPOSE: TO SUPPORT TEN STUDENTS STUDYING AT THREE ACCREDITED UNIVERSITIES IN REAL ESTATE RELATED DEGREES. | $10,000 |