Stephen C Freidheim Foundation Inc Simpson Thacher & Bartlett Llp
- Assets
- $2.9m
- Revenue
- $1.1m
- Investments
- $2.5m
- Employees
- 0
- Location
- Florham Park, NJ
- Founding
- 10/2004
- Data as of
- 12/2022
- EIN
- 80-0116118
Organization Overview
Stephen C Freidheim Foundation Inc Simpson Thacher & Bartlett Llp is located in Florham Park, NJ. The organization was established in 2004. 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. Stephen C Freidheim Foundation Inc Simpson Thacher & Bartlett Llp 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 12/2022, Stephen C Freidheim Foundation Inc Simpson Thacher & Bartlett Llp generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Stephen C Freidheim Foundation Inc Simpson Thacher & Bartlett Llp has awarded 203 individual grants totaling $7,368,691. 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 |
|---|---|---|---|
Stephen C Freidheim Chairman | 5 | $0 | |
Amandine Lesaffre Board Member | 5 | $0 | |
Lynn Waunford-Brown President | 5 | $0 | |
Marguerite Freidheim Secretary | 5 | $0 | |
Cyrus Freidheim Board Member | 5 | $0 | |
Scott Freidheim Chief Investment Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $111,361 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,728 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $832,274 |
| Capital Gain Net Income | $1,163,813 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $123,674 |
| Total Revenue | $1,075,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,396 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,292 |
| Total operating and administrative expenses | $19,879 |
| Contributions, gifts, grants paid | $1,585,569 |
| Total expenses and disbursements | $1,605,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,001 |
| Savings and temporary cash investments | $192,098 |
| Net Accounts receivable | $4,950 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $25,000 |
| 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 | $2,474,812 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $225,873 |
| Total assets | $2,927,734 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $10,000 |
| 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 | $10,000 |
Grants Awarded
Over the last fiscal year, Stephen C Freidheim Foundation Inc Simpson Thacher & Bartlett Llp has awarded $1,585,569 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN DREAM ACADEMY FOUNDATION PURPOSE: GENERAL EXEMPT PURPOSE | $500 |
ARCHDIOCESE OF NEW YORK PURPOSE: GENERAL EXEMPT PURPOSE | $150,000 |
ASPEN COUNTRY DAY SCHOOL PURPOSE: GENERAL EXEMPT PURPOSE | $5,000 |
BIG SHOULDERS FUND PURPOSE: GENERAL EXEMPT PURPOSE | $15,000 |
CENTRAL PARK CONSERVANCY PURPOSE: GENERAL EXEMPT PURPOSE | $7,500 |
BENENDEN SCHOOL PURPOSE: GENERAL EXEMPT PURPOSE | $12,154 |