Siemens Foundation
- Assets
- $67.2m
- Revenue
- $8.3m
- Investments
- $65.6m
- Employees
- 0
- Location
- Iselin, NJ
- Founding
- 07/1999
- Data as of
- 09/2023
- EIN
- 52-2136074
Organization Overview
Siemens Foundation is located in Iselin, NJ. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Siemens 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 09/2023, Siemens Foundation generated $8.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $9.0m during the year ending 09/2023. While expenses have increased by 1.7% per year over the past 4 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 2020, Siemens Foundation has awarded 90 individual grants totaling $25,777,008. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Etzwiler CEO | 36 | $428,537 | |
Barbara Humpton Chairperson | 2 | $0 | |
Nicola Bates Treasurer | 2 | $0 | |
Robert Mignella Secretary | 2 | $0 | |
Randi Rosenberg Asst Secretary | 2 | $0 | |
Camille Johnston Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Boldly Go Philanthropy Llc | 9/29/23 | $193,855 |
Northern Trust | 9/29/23 | $192,679 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,410,000 |
| Interest on Savings | $267 |
| Dividends & Interest | $1,663,613 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $456,176 |
| Capital Gain Net Income | $456,176 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $757,682 |
| Total Revenue | $8,287,738 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $470,537 |
| Other employee salaries and wages | $674,880 |
| Pension plans, employee benefits | $51,972 |
| Interest | $0 |
| Taxes | $91,574 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $36,954 |
| Printing and publications | $0 |
| Other expenses | $16,848 |
| Total operating and administrative expenses | $1,831,575 |
| Contributions, gifts, grants paid | $7,165,402 |
| Total expenses and disbursements | $8,996,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,673,147 |
| Savings and temporary cash investments | $0 |
| 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 | $63,753,624 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $67,230,568 |
| Accounts payable and accrued expenses | $267,027 |
| Grants payable | $3,124,681 |
| 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 | $3,391,708 |
Grants Awarded
Over the last fiscal year, Siemens Foundation has awarded $7,802,300 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CHOOSE HEALTHY LIFE PURPOSE: HEALTH DISPARITIES - BLACK COMMUNITIES | $500,000 |
ELECTRIC VEHICLE INFRASTRUCTURE PURPOSE: EV - FAST TRACK PROJECT | $1,628,723 |
NATIONAL CAREER TECH PURPOSE: BUILDING SUSTAINABLE SYSTEM TO REACH DIVERSE LEARNERS | $224,000 |
HEALTHY AMERICA FOUNDATION PURPOSE: HEALTH DISPARITIES - UNDERSERVED COMMUNITIES | $500,000 |
ITIS SCHOLARSHIPS PURPOSE: CAREER PATH SCHOLARSHIP | $142,500 |
NATIONAL GOVERNORS ASSOCIATION PURPOSE: COLLABRATIVE TO SUPPORT INCLUSIVE WORKFORCE | $424,234 |