Richard B Siegel Foundation
- Assets
- $28.3m
- Revenue
- -$1.1m
- Investments
- $27.6m
- Employees
- 0
- Location
- Porter Ranch, CA
- Founding
- 06/1991
- Data as of
- 12/2023
- 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
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 Board Member | 10 | $27,590 | |
Laurence Wolfe Treasurer | 10 | $27,590 | |
John Burst Vice President | 10 | $27,590 | |
Sheppard K Stiteler Secretary | 4 | $27,590 | |
Melissa Posel President | 6 | $27,590 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36,737 |
| Dividends & Interest | $642,131 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,821,783 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,135 |
| Total Revenue | -$1,140,780 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $137,950 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,587 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $118,057 |
| Total operating and administrative expenses | $288,883 |
| Contributions, gifts, grants paid | $1,004,424 |
| Total expenses and disbursements | $1,293,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $646,969 |
| 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 | $10,544 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,266,202 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $28,285,457 |
| Accounts payable and accrued expenses | $1,122 |
| 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 | $1,122 |
Grants Awarded
Over the last fiscal year, Richard B Siegel Foundation has awarded $1,180,020 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
TAOS CNTY ECONOMIC DEV CORP PURPOSE: FITNESS PROGRAMANCIANOS ART & | $28,000 |
LUCIENTE PURPOSE: ALBUQUERQUESUPPORT FORCHAMBER MUSIC | $10,000 |
HISPANIC FEDERATION PURPOSE: FAMILITES & LATINOSUPPORT HISPANICEDUCATION, HEALTH | $25,000 |
TAOS CHILDRENS THEATRE PURPOSE: SUPPORTGENERAL OPERATING | $5,000 |
FRIENDS OF TAOS PUBLIC LIBRARY PURPOSE: PUBLIC LIBRARYSUPPORTING TAOS | $5,000 |
ROCKY MOUNTAIN YOUTH CORP PURPOSE: PROGRAMSSUPPORT YOUTH | $30,000 |