The Salon Family Foundation Inc
- Assets
- $1.3m
- Revenue
- $159.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- Armonk, NY
- Founding
- 08/2007
- Data as of
- 12/2023
- EIN
- 84-1721846
Organization Overview
The Salon Family Foundation Inc is located in Armonk, NY. The organization was established in 2007. According to its NTEE Classification (U19) the organization is classified as: Support N.E.C., under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salon 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 12/2023, Salon Family Foundation Inc generated $159.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 30.3% each year . All expenses for the organization totaled $99.8k during the year ending 12/2023. While expenses have increased by 12.9% per year over the past 9 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 2015, Salon Family Foundation Inc has awarded 333 individual grants totaling $529,308. 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 |
|---|---|---|---|
Joel Salon President | 0.25 | $0 | |
Carolyn Salon Vice President | 0.25 | $0 | |
Heather Salon Vice President | 0.25 | $0 | |
Deborah Salon Vice President | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20,506 |
| Dividends & Interest | $17,448 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $121,935 |
| Capital Gain Net Income | $121,935 |
| Net ST Capital Gain | $9,359 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $159,889 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,023 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,152 |
| Total operating and administrative expenses | $14,843 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $99,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,178 |
| Savings and temporary cash investments | $13,429 |
| 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 | $606,434 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,275,692 |
| 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, The Salon Family Foundation Inc has awarded $85,000 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
WOMEN FOR WOMEN INTERNATIONAL PURPOSE: CHARITABLE | $1,800 |
UNITED WAY OF WESTCHESTER AND PUTNAM INC PURPOSE: CHARITABLE | $3,000 |
SOLAR COOKERS INTERNATIONAL PURPOSE: CHARITABLE | $1,500 |
UNION OF CONCERNED SCIENTISTS PURPOSE: CHARITABLE | $1,000 |
NATIONAL KIDNEY FOUNDATION PURPOSE: CHARITABLE | $3,000 |
REED COLLEGE PURPOSE: CHARITABLE | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comap Inc Bedford, MA | $6,205,399 | $2,959,361 |
Src International Inc North Syracuse, NY | $7,720,504 | $0 |
International Union Of Operating Engineers Local 98 Training Fund Southwick, MA | $5,181,634 | $1,226,550 |
Tecbridge Scranton, PA | $122,153 | $253,458 |
Women In The Enterprise Of Science And Technology Inc Cambridge, MA | $229,046 | $0 |
Buffalo Area Engineering Awareness For Minorities Inc C/O Suny Ab Buffalo, NY | $104,548 | $0 |
The Salon Family Foundation Inc Armonk, NY | $1,275,692 | $159,889 |
Learning Curve Usa Inc New York, NY | $819 | $0 |
Global Bioethics Initiative Inc New York, NY | $5 | $0 |
New England Animal Health Inc Bay Shore, NY | $147,951 | $0 |