Sills Family Foundation
- Assets
- $11.2m
- Revenue
- $1.5m
- Investments
- $11.1m
- Employees
- 0
- Location
- Richmond, VT
- Founding
- 01/1993
- Data as of
- 12/2023
- EIN
- 52-1790278
Organization Overview
Sills Family Foundation is located in Richmond, VT. The organization was established in 1993. 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. Sills Family 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 12/2023, Sills Family Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Sills Family Foundation has awarded 35 individual grants totaling $12,783,805. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Sills Iarussi Secretary | 40 | $70,000 | |
Arthur Sills President | 5 | $10,000 | |
Peter Sills Vice President | 5 | $10,000 | |
Larry Sills Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $64,486 |
| Dividends & Interest | $849,184 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $571,695 |
| Capital Gain Net Income | $576,534 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,485,365 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $92,918 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $48,008 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $200,968 |
| Contributions, gifts, grants paid | $1,764,458 |
| Total expenses and disbursements | $1,965,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $109,575 |
| 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 | $3,447,244 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,197,894 |
| 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, Sills Family Foundation has awarded $1,764,458 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON FOUNDATION PURPOSE: CHARITABLE GIVING | $1,753,858 |
PHILANTHROPY NEW YORK PURPOSE: CHARITABLE GIVING | $5,600 |
WE ACT FOR ENVIRONMENTAL JUSTICE PURPOSE: CHARITABLE GIVING | $1,000 |
NEW ROCHELLE COUNCIL ON THE ARTS PURPOSE: CHARITABLE GIVING | $3,000 |
WITNESS TO MASS INCARCERATION PURPOSE: CHARITABLE GIVING | $1,000 |