David K Sengstack Foundation
- Assets
- $442.8k
- Revenue
- $89.3k
- Investments
- $354.6k
- Employees
- 0
- Location
- Princeton Junction, NJ
- Founding
- 03/1990
- Data as of
- 12/2021
- EIN
- 52-1671827
Organization Overview
David K Sengstack Foundation is located in Princeton Junction, NJ. The organization was established in 1990. 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. David K Sengstack 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 12/2021, David K Sengstack Foundation generated $89.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $61.1k during the year ending 12/2021. While expenses have increased by 0.0% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING RUTGERS SCHOLAARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Sengstack President | 0 | $20,000 | |
Mary Hamilton Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $35 |
| Dividends & Interest | $8,819 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $81,879 |
| Capital Gain Net Income | $81,879 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,465 |
| Total Revenue | $89,268 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $15,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,672 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,365 |
| Total operating and administrative expenses | $46,104 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $61,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,341 |
| Savings and temporary cash investments | $73,881 |
| 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 | $12,446 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $442,801 |
| 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 | $427 |
| Total liabilities | $427 |
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