Virginia Maitland Sachs Foundation Inc
- Assets
- $4.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2023
- EIN
- 87-4022604
Organization Overview
Virginia Maitland Sachs Foundation Inc is located in New York, NY. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Maitland Sachs 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, Virginia Maitland Sachs Foundation Inc generated $51.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (34.0%) each year. All expenses for the organization totaled $74.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE FINANCIAL AND MATERIAL SUPPORT TO INDIVIDUALS AND THEIR FAMILIES WHO SEEK STUDY OR EMPLOYMENT IN THE MARITIME TRADES AND COME FROM DISADVANTAGED BACKGROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clay Maitland President | 0.25 | $0 | |
Sophia Brown Vp/treasurer | 0.25 | $0 | |
Thomas Sullivan Secretary | 0.25 | $0 | |
Shaila Tyler Operations & Creative Dev. | 28 | $28,846 | |
Liz Neitge Thru 1223 Operations & Creative Dev. | 25 | $21,911 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,349 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,349 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $50,757 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $205 |
| Other expenses | $23,129 |
| Total expenses | $74,091 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,387 |
| Other assets | $0 |
| Total assets | $4,560 |
| Total liabilities | $0 |
| Net assets or fund balances | $4,560 |