Sigel Family Charitable Trust
- Assets
- $2.1m
- Revenue
- $99.7k
- Investments
- $2.1m
- Employees
- 0
- Location
- Teaneck, NJ
- Founding
- 06/1987
- Data as of
- 12/2023
- EIN
- 58-1728810
Organization Overview
Sigel Family Charitable Trust is located in Teaneck, NJ. The organization was established in 1987. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Sigel Family Charitable Trust 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, Sigel Family Charitable Trust generated $99.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $209.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sigel Family Charitable Trust has awarded 42 individual grants totaling $291,530. 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 |
|---|---|---|---|
Karen Sigel Trustee | 0 | $0 | |
Gary Sigel Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $894 |
| Dividends & Interest | $56,046 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,776 |
| Capital Gain Net Income | $555 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $99,716 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $593 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,194 |
| Contributions, gifts, grants paid | $196,634 |
| Total expenses and disbursements | $209,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,940 |
| 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 | $216,310 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,140,408 |
| 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, Sigel Family Charitable Trust has awarded $43,570 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BARON HIRSCH CONGREGATION PURPOSE: GENERAL OPERATIONS | $1,120 |
MEMPHIS JEWISH FEDERATION PURPOSE: GENERAL OPERATIONS | $5,360 |
OTHER MISCELLANEOUS GRANTS PURPOSE: GENERAL OPERATIONS | $9,590 |
UNIVERSITY OF ARKANSAS PURPOSE: GENERAL OPERATIONS | $12,500 |
AMERICAN COMMITTEE ADV TORAH PURPOSE: GENERAL OPERATIONS | $15,000 |