Richard B Siegel Foundation
- Assets
- $29.5m
- Revenue
- $18.6m
- Investments
- $26.1m
- Employees
- 0
- Location
- Porter Ranch, CA
- Founding
- 06/1991
- Data as of
- 12/2021
- EIN
- 95-4306196
Organization Overview
Richard B Siegel Foundation is located in Porter Ranch, CA. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Richard B Siegel 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 12/2021, Richard B Siegel Foundation generated $18.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.8% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Stiteler President | 10 | $27,590 | |
John Burst Vice President | 10 | $27,590 | |
Laurence Wolfe Treasurer | 10 | $27,590 | |
Melissa Posel Director | 2 | $10,800 | |
Sheppard K Stiteler Director | 2 | $10,800 | |
Kim Bakkum Secretary | 2 | $9,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $335,566 |
| Net Rental Income | -$27,170 |
| Net Gain on Sale of Assets | $17,666,208 |
| Capital Gain Net Income | $17,666,208 |
| Net ST Capital Gain | $50,883 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,234 |
| Total Revenue | $18,572,265 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $113,370 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $248,765 |
| Depreciation | $79,444 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $576,389 |
| Total operating and administrative expenses | $1,032,972 |
| Contributions, gifts, grants paid | $1,437,440 |
| Total expenses and disbursements | $2,470,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,467,747 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $29,533,359 |
| Accounts payable and accrued expenses | $400 |
| 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 | $238,759 |
| Total liabilities | $239,159 |
Grants Awarded
Over the last fiscal year, Richard B Siegel Foundation has awarded $590,010 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
CSU NORTHRIDGE FOUNDATION PURPOSE: PURPOSES AND GOALSTO FURTHER THEOF UNIVERSITY | $123,000 |
SINGERS COMPANYE PURPOSE: CHORAL SPECTRUMMUSICIANS EXPERIENCE& COMMUNITY EDUCATION | $42,000 |
Hillsboro, OR PURPOSE: SCHOLARSHIPSFOR STUDENT | $41,000 |
Los Angeles, CA PURPOSE: FOR AT-RISK POPULATIONSPRO BONO LEGAL SERVICESAND UNDERSERVED AREAS | $30,000 |
FINANCIAL BEGINNINGS PURPOSE: LITERACYPROMOTE FINANCIAL | $30,000 |
ROCKY MOUNTAIN YOUTH CORP PURPOSE: PROGRAMSSUPPORT YOUTH | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |