Segal Family Foundation Inc
- Assets
- $0.0
- Revenue
- $30.5m
- Investments
- $37.9m
- Employees
- 0
- Location
- Warren, NJ
- Founding
- 07/2004
- Data as of
- 12/2021
- EIN
- 56-2446941
Organization Overview
Segal Family Foundation Inc is located in Warren, NJ. The organization was established in 2004. 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. Segal Family 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 12/2021, Segal Family Foundation Inc generated $30.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $39.1m during the year ending 12/2021. While expenses have increased by 15.2% 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 2019, Segal Family Foundation Inc has awarded 1,666 individual grants totaling $81,376,392. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTEE CONVENINGS: GATHERING OF GRANTEE PARTNERS AND EXTENDED COMMUNITY FOR NETWORKING AND KNOWLEDGE EXCHANGE. EVENTS WERE HOSTED IN NEW YORK AND KENYA.
AFRICAN VISIONARY FELLOWSHIP - TRAINING FELLOWSHIP OFFERED THROUGH SEGAL FAMILY FOUNDATION TO PARTNERS WHO MEET A SET OF COMPETITIVE CRITERIA. THIS GENERALLY TAKES PLACE OVER THE COURSE OF APPROXIMATELY 24 MONTHS AND INCLUDES SEVERAL IN-PERSON CONVENINGS, REMOTE AND IN-PERSON CONSULTATION SUPPORT, AND VARIOUS FORMS OF FINANCIAL SUPPORT INCLUDING CAPACITY GRANTS AND TRAVEL STIPENDS.
SOCIAL IMPACT INCUBATOR - MALAWI, RWANDA, TANZANIA & KENYA - AN INCUBATOR PROGRAM THAT RUNS ANNUALLY IN MALAWI, RWANDA, TANZANIA AND KENYA, SUPPORTING A COHORT OF LOCAL, GRASSROOTS SOCIAL IMPACT ORGANIZATIONS. THIS PROGRAM TAKES PLACE OVER THE COURSE OF A YEAR AND PROVIDES A SERIES OF TRAINING SESSIONS FOCUSING ON PROFESSIONAL SUPPORT AND ORGANIZATIONAL GROWTH AS WELL AS FINANCIAL SUPPORT IN THE FORM OF CAPACITY GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Segal Vice-President | 10 | $0 | |
Janis Simon Director | 2 | $0 | |
Dulcita Segal Advisory Committee | 1 | $0 | |
Martin Segal President | 25 | $156,000 | |
Richard Segal Director | 2 | $0 | |
Evelyn Omala Advisory Committee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ngosource | 12/30/22 | $252,980 |
Evelyn Diana Omala | 12/30/22 | $77,880 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,300,392 |
| Interest on Savings | $0 |
| Dividends & Interest | $958,185 |
| Profit on Inventory Sales | $0 |
| Other Income | $406,646 |
| Total Revenue | $30,490,194 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $156,000 |
| Pension plans, employee benefits | $227,891 |
| Depreciation | $1,868,762 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $13,120,419 |
| Contributions, gifts, grants paid | $25,973,505 |
| Total expenses and disbursements | $39,093,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,280,615 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,411,823 |
| Other assets | $804,728 |
| Mortgages and other notes payable | $34,167,793 |
| Other liabilities | $384,789 |
Grants Awarded
Over the last fiscal year, Segal Family Foundation Inc has awarded $22,871,606 in support to 499 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS PURPOSE: CHARITABLE PURPOSE | $100,000 |
ADILISHA PURPOSE: CHARITABLE PURPOSE | $12,500 |
AFRICA BRIDGE PURPOSE: CHARITABLE PURPOSE | $60,000 |
AFRICAID PURPOSE: CHARITABLE PURPOSE | $100,000 |
AFRICAN ENTREPRENEURS COLLECTIVE PURPOSE: CHARITABLE PURPOSE | $20,000 |
AFRO ARK PURPOSE: CHARITABLE PURPOSE | $10,000 |