Michael Suesserman Family Foundation
- Assets
- $242.1k
- Revenue
- $303.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Rye Brook, NY
- Founding
- Data as of
- 12/2022
- EIN
- 87-3370188
Organization Overview
Michael Suesserman Family Foundation is located in Rye Brook, NY. 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. Michael Suesserman Family Foundation 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, Michael Suesserman Family Foundation generated $303.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 46.3% each year . All expenses for the organization totaled $12.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caren Suesserman Trustee | 0 | $0 | |
Marly Suesserman Trustee | 0 | $0 | |
Jacob Suesserman Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $280,865 |
| Interest on Savings | $8 |
| Dividends & Interest | $117 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,198 |
| Capital Gain Net Income | $22,198 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $303,188 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $12,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,918 |
| Savings and temporary cash investments | $135,201 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $242,119 |
| 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, Michael Suesserman Family Foundation has awarded $12,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GILDA'S CLUB WESTCHESTER PURPOSE: CONTRIBUTION | $10,000 |
AMERICAN BRAIN TUMOR ASSOCIATION PURPOSE: CONTRIBUTION | $1,000 |
NYU LANGONE PURPOSE: CONTRIBUTION | $1,000 |