Silver Foundation Inc
- Assets
- $8.1m
- Revenue
- $846.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Fredericksburg, VA
- Founding
- 02/2002
- Data as of
- 04/2022
- EIN
- 54-1556341
Organization Overview
Silver Foundation Inc is located in Fredericksburg, VA. The organization was established in 2002. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silver Foundation Inc 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 04/2022, Silver Foundation Inc generated $846.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $740.6k during the year ending 04/2022. While expenses have increased by 7.6% per year over the past 5 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 2021, Silver Foundation Inc has awarded 44 individual grants totaling $834,170. 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 |
|---|---|---|---|
Larry D Silver President | 0 | $0 | |
Spencer Silver Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $863,134 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$16,494 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $846,640 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,327 |
| Depreciation | $0 |
| Occupancy | $18,013 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $166,316 |
| Total operating and administrative expenses | $241,256 |
| Contributions, gifts, grants paid | $499,349 |
| Total expenses and disbursements | $740,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,690 |
| 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 | $0 |
| Net Land, buildings, and equipment | $8,052,171 |
| Other assets | $0 |
| Total assets | $8,118,861 |
| Accounts payable and accrued expenses | $50,000 |
| 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 | $375,000 |
| Total liabilities | $425,000 |
Grants Awarded
Over the last fiscal year, Silver Foundation Inc has awarded $499,349 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Boca Raton, FL PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $102,500 |
Washington, DC PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $75,000 |
New York, NY PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $72,000 |
New York, NY PURPOSE: FOR GENERAL CHARITABLE PURPOSES. | $54,000 |
Sunrise, FL PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $50,000 |
CHABAD STUDENT ASSOCIATION PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $29,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Immigration And Refugee Service Baltimore, MD | $69,973,896 | $114,665,821 |
Casa De Maryland Hyattsville, MD | $24,055,145 | $18,912,782 |
Ethiopian Community Development Council Inc Arlington, VA | $19,032,277 | $13,979,253 |
The National Alliance For Hispanic Health Washington, DC | $8,377,455 | $12,112,663 |
Ayuda Washington, DC | $3,920,731 | $9,192,932 |
Jewish Family Service Of Tidewater Inc Virginia Beach, VA | $3,871,142 | $9,382,745 |
National Immigration Forum Inc Washington, DC | $9,116,461 | $6,230,295 |
Spanish Catholic Center Inc Washington, DC | $2,472,920 | $3,188,758 |
No One Left Behind Inc Merrifield, VA | $13,498,193 | $18,238,277 |
Hispanic Access Foundation Washington, DC | $4,376,118 | $5,925,392 |
Boat People S O S Inc Falls Church, VA | $4,560,305 | $5,132,509 |
Haliwa-Saponi Indian Tribe Hollister, NC | $5,771,467 | $3,578,320 |