Civic Intelligence

Scarsdale Foundation

990 • Fiscal year 2019 • EIN 13-6103826

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 05, 2020

Organization ProfileSCARSDALEFOUNDATION.ORG
PO Box 542Scarsdale, NY 10583

(914) 723-1626

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.01x

Higher debt load relative to assets than 84% of similar nonprofits.

2019 filings • NTEE T • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

88th percentile

0.09x

Higher debt load relative to revenue than 88% of similar nonprofits.

2019 filings • NTEE T • $1M-$5M nonprofits • Source year 2019

Net Margin

40th percentile

-12%

Higher net margin than 40% of similar nonprofits.

2019 filings • NTEE T • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • NTEE T • $1M-$5M nonprofits • Source year 2019

Asset Growth

59th percentile

3.3%

Faster asset growth than 59% of similar nonprofits.

2019 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

24th percentile

-36%

Faster revenue growth than 24% of similar nonprofits.

2019 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$2,685,734

Up $86,570 (+3.3%) from 2018

Net Assets

Up

$2,670,949

Up $84,170 (+3.3%) from 2018

Liabilities

Up

$14,785

Up $2,400 (+19%) from 2018

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin40th percentile

Revenue

Down

$158,120

Down $89,882 (-36%) from 2018

Expenses

Up

$176,635

Up $9,893 (+5.9%) from 2018

Net Income

Down

-$18,515

Down $99,775 (-123%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,798,804Liabilities 2011: $15,170Net Assets 2011: $1,783,6342011Assets 2012: $1,728,835Liabilities 2012: $13,709Net Assets 2012: $1,715,1262012Assets 2013: $1,949,579Liabilities 2013: $11,326Net Assets 2013: $1,938,2532013Assets 2014: $2,233,943Liabilities 2014: $14,183Net Assets 2014: $2,219,7602014Assets 2015: $2,267,292Liabilities 2015: $16,710Net Assets 2015: $2,250,5822015Assets 2016: $2,241,964Liabilities 2016: $20,473Net Assets 2016: $2,221,4912016Assets 2017: $2,413,184Liabilities 2017: $13,712Net Assets 2017: $2,399,4722017Assets 2018: $2,599,164Liabilities 2018: $12,385Net Assets 2018: $2,586,7792018Assets 2019: $2,685,734Liabilities 2019: $14,785Net Assets 2019: $2,670,9492019Assets 2020: $2,754,048Liabilities 2020: $18,300Net Assets 2020: $2,735,7482020Assets 2021: $3,654,814Liabilities 2021: $18,165Net Assets 2021: $3,636,6492021Assets 2022: $3,117,518Liabilities 2022: $25,510Net Assets 2022: $3,092,0082022Assets 2023: $3,419,077Liabilities 2023: $20,775Net Assets 2023: $3,398,3022023Assets 2024: $3,781,033Liabilities 2024: $24,380Net Assets 2024: $3,756,6532024

Highlighted filing

2019

Assets$2,685,734
Liabilities$14,785
Net Assets$2,670,949
Open 2019 Filing

Operations Trend

Revenue Growth24th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KExpenses 2011: $103,1172011Expenses 2012: $110,9412012Expenses 2013: $114,4792013Revenue 2014: $129,879Expenses 2014: $143,828Net Income 2014: -$13,9492014Revenue 2015: $142,628Expenses 2015: $135,608Net Income 2015: $7,0202015Revenue 2016: $138,884Expenses 2016: $139,906Net Income 2016: -$1,0222016Revenue 2017: $175,983Expenses 2017: $208,373Net Income 2017: -$32,3902017Revenue 2018: $248,002Expenses 2018: $166,742Net Income 2018: $81,2602018Revenue 2019: $158,120Expenses 2019: $176,635Net Income 2019: -$18,5152019Revenue 2020: $168,277Expenses 2020: $163,813Net Income 2020: $4,4642020Revenue 2021: $368,437Expenses 2021: $200,131Net Income 2021: $168,3062021Revenue 2022: $256,028Expenses 2022: $198,067Net Income 2022: $57,9612022Revenue 2023: $275,153Expenses 2023: $216,752Net Income 2023: $58,4012023Revenue 2024: $298,425Expenses 2024: $276,952Net Income 2024: $21,4732024

Highlighted filing

2019

Revenue$158,120
Expenses$176,635
Net Income-$18,515
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 5, 2020
Return Version
2018v3.2
Gross Receipts
$176,625
Mission and Program Overview

Mission

To support charitable and educational programs and services benefiting the citizens of scarsdale, ny.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,413,036$2,624,624▲ $211,588
Savings and Temporary Cash Investments$122,975$35,624▼ $87,351
Cash and Non-Interest-Bearing Accounts$60,918$22,575▼ $38,343
Total Assets$2,599,164$2,685,734▲ $86,570
Other Assets Total$2,235$2,911▲ $676
Liabilities
Accounts Payable and Accrued Expenses$12,385$14,785▲ $2,400
Total Liabilities$12,385$14,785▲ $2,400
Net Assets / Fund Balance
Unrestricted Net Assets$2,087,206$2,161,712▲ $74,506
Temporarily Rstr Net Assets$399,573$409,237▲ $9,664
Permanently Rstr Net Assets$100,000$100,000→ $0
Total Net Assets Fund Balance$2,586,779$2,670,949▲ $84,170
Total Liabilities and Net Assets / Fund Balance$2,599,164$2,685,734▲ $86,570

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$100,000-▲ $6,194$6,194$100,000
2017$100,000-▲ $8,640$8,640$100,000
2016$100,000-▲ $13,083$13,083$100,000
2015$100,000---$100,000
2014$100,000---$100,000
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Randy GuggenheimerPresident
Anne LyonsTrustee
David KarpTrustee
Michelle LichtenbergTrustee
Seth RossTrustee
Suzanne SeidenTrustee
Jane VeronSecretary
Thomas GiordanoTreasurer
B Kathleen MunguiaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$95,363
Program Service Revenue
$0
Investment Income
$58,930
Other Revenue
$3,827
All Other Contributions
$83,793
Change in Net Assets
$-18,515

Audited Revenue Reconciliation

Revenue per Audited Statements
$158,120
Revenue Not Reported on Form 990
$123,710
Total Revenue per Audited Statements
$281,830
Total Revenue per Form 990
$158,120
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$163,585
Other Expenses$13,050
Total Fundraising Expense$3,591
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$163,585--$163,585
Other Expenses-$3,093$3,591$6,684
Fees for Services Accounting-$4,615-$4,615
Office Expenses-$826-$826
Insurance-$500-$500
Information Technology-$425-$425
Total Functional Expenses$163,585$9,459$3,591$176,635

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$197,660
Expenses per Audited Statements$176,635
Total Expenses per Form 990$176,635
Expenses Not Reported on Form 990$21,025
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$22,332
Fundraising Direct Expenses$18,505
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Scarsdale Bowl$33,902$22,332$1,705$20,627
Total Events$33,902$22,332$18,505$3,827
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 is prepared by an outside accounting firm and is submitted to the board for review. Any recommendations or changes are presented to the board for approval prior to submission.”

Form 990, Page 6, Part VI, Line 12C

“The foundation currently has in place a conflict of interest policy. The board mandates that all members of the board annually sign the conflict of interest policy and disclose any potential or actual conflict that may exist. If a potentail or actual conflict exists, he or she shall leave the meeting during discussion of and vote on the transaction involving the conflict.”

Form 990, Page 6, Part VI, Line 19

“The foundation makes its 990 available for public inspection on guidestar.org. The 990 and char500 are also available on charitiesnys.com. In addition, financial statements and policies of the foundation are available upon request.”

Filing and Contact Details

Filer

Filer Name
Scarsdale Foundation
EIN
13-6103826
Phone
9147231626
Address
PO BOX 542, SCARSDALE, NY 10583

Signing Officer

Name
Thomas Giordano
Title
Treasurer
Phone
9144727797
Signed
2020-03-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Giordano
Formed
1923
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
25

Preparer

Firm
Victor J Cannistra CPA Pc
Address
43 KENSICO DRIVE 2ND FLOOR, MOUNT KISCO, NY 10549-1009
Preparer
Victor J Cannistra CPA
Phone
9142413605
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Direct fundraising costs 18,505 direct fundraising costs -18,505”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“Investment income is used to provide funding for scholarships & grants.”

Schedule D, Page 3, Part X

“The foundation has determined that there are no uncertain tax positions that require recognition or disclosure in the financial statements.”

Schedule D, Page 4, Part XI, Line 2D

“Direct fundraising costs 18,505”

Schedule D, Page 4, Part XII, Line 2D

“Direct fundraising costs 18,505”

Raw XML AppendixShowing 400 of 435 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt012385
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt014785
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO SUPPORT CHARITABLE AND EDUCATIONAL PROGRAMS AND SERVICES BENEFITING THE CITIZENS OF SCARSDALE, NY.
IRS990/AllOtherContributionsAmt083793
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0TOM GIORDANO
IRS990/BooksInCareOfDetail/PhoneNum09147231626
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03 MONTGOMERY ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0SCARSDALE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010583
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt060918
IRS990/CashNonInterestBearingGrp/EOYAmt022575
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContriRptFundraisingEventAmt011570
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt095363
IRS990/CYGrantsAndSimilarPaidAmt0163585
IRS990/CYInvestmentIncomeAmt058930
IRS990/CYOtherExpensesAmt013050
IRS990/CYOtherRevenueAmt03827
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-18515
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0176635
IRS990/CYTotalFundraisingExpenseAmt03591
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0158120
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0THE FOUNDATION AWARDS NEED-BASED COLLEGE SCHOLARSHIPS TO MATRICULATED COLLEGE STUDENTS ENTERING THEIR SOPHMORE, JUNIOR AND SENIOR YEARS OF COLLEGE WHO ARE RESIDENTS OF SCARSDALE.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0130500
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt04615
IRS990/FeesForServicesAccountingGrp/TotalAmt04615
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt23.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt33.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0RANDY GUGGENHEIMER
IRS990/Form990PartVIISectionAGrp/PersonNm1THOMAS GIORDANO
IRS990/Form990PartVIISectionAGrp/PersonNm2B KATHLEEN MUNGUIA
IRS990/Form990PartVIISectionAGrp/PersonNm3JANE VERON
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID KARP
IRS990/Form990PartVIISectionAGrp/PersonNm5SETH ROSS
IRS990/Form990PartVIISectionAGrp/PersonNm6MICHELLE LICHTENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm7ANNE LYONS
IRS990/Form990PartVIISectionAGrp/PersonNm8SUZANNE SEIDEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01923
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt011570
IRS990/FundraisingDirectExpensesAmt018505
IRS990/FundraisingGrossIncomeAmt022332
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt0130500
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0163585
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0163585
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0176625
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0425
IRS990/InformationTechnologyGrp/TotalAmt0425
IRS990/InsuranceGrp/ManagementAndGeneralAmt0500
IRS990/InsuranceGrp/TotalAmt0500
IRS990/InvestmentIncomeGrp/ExclusionAmt058930
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt058930
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02413036
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02624624
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO SUPPORT CHARITABLE AND EDUCATIONAL PROGRAMS AND SERVICES BENEFITING THE CITIZENS OF SCARSDALE, NY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02586779
IRS990/NetAssetsOrFundBalancesEOYAmt02670949
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt03827
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt03827
IRS990/NetUnrlzdGainsLossesInvstAmt0102685
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0826
IRS990/OfficeExpensesGrp/TotalAmt0826
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02235
IRS990/OtherAssetsTotalGrp/EOYAmt02911
IRS990/OtherExpensesGrp/Desc0INDIRECT FUNDRAISING COST
IRS990/OtherExpensesGrp/FundraisingAmt03591
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03093
IRS990/OtherExpensesGrp/TotalAmt06684
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0100000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0100000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0THOMAS GIORDANO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION SUPPORTS COMMUNITY SERVICE, EDUCATIONAL AND HUMAN DEVELOPMENT. THE FOUNDATION IS THE PRESENTER OF THE SCARSDALE BOWL AWARD GIVEN ANNUALLY TO A CITIZEN WHO HAS CONTRIBUTED OUTSTANDING VOLUNTEER SERVICE TO THE COMMUNITY. THE FOUNDATION PROVIDES FINANCIAL AID TO CHILDREN ATTENDING THE SCARSDALE RECREATION DEPARTMENT SUMMER DAY CAMP AS WELL AS SPECIFIC GRANTS FOR CIVIC PURPOSES AND SCARSDALE SCHOOLS PERSONNEL FOR FAMILY ASSISTANCE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt033085
IRS990/ProgSrvcAccomActy2Grp/GrantAmt033085
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0135655
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0156485
IRS990/PYInvestmentIncomeAmt0107986
IRS990/PYOtherExpensesAmt010257
IRS990/PYOtherRevenueAmt04361
IRS990/PYRevenuesLessExpensesAmt081260
IRS990/PYTotalExpensesAmt0166742
IRS990/PYTotalRevenueAmt0248002
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-18515
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0122975
IRS990/SavingsAndTempCashInvstGrp/EOYAmt035624
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt095363
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0135655
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt081804
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt094614
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt097461
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0504897
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt058930
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt050607
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt045951
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt016201
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt016321
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0188010
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.59730
IRS990ScheduleA/PublicSupportPY170Pct00.60960
IRS990ScheduleA/PublicSupportTotal170Amt0420109
IRS990ScheduleA/SubstantialContributorsTotAmt084788
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt095363
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0135655
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt081804
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt094614
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt097461
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0504897
IRS990ScheduleA/TotalSupportAmt0703375
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt02827
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt03361
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt03429
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt0851
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt010468
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0100000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0100000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt06194
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt06194
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0100000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0100000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt08640
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt08640
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0100000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0100000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt013083
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt013083
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0100000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0100000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0100000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0100000
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt02520
IRS990ScheduleD/DonatedServicesUseFcltsAmt02520
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt021025
IRS990ScheduleD/ExpensesSubtotalAmt0176635
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0102685
IRS990ScheduleD/OtherExpensesIncludedAmt018505
IRS990ScheduleD/OtherRevenueAmt018505
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0123710
IRS990ScheduleD/RevenueSubtotalAmt0158120
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INVESTMENT INCOME IS USED TO PROVIDE FUNDING FOR SCHOLARSHIPS & GRANTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DIRECT FUNDRAISING COSTS 18,505
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3DIRECT FUNDRAISING COSTS 18,505
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalExpensesPerForm990Amt0176635
IRS990ScheduleD/TotalRevenuePerForm990Amt0158120
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0281830
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0197660
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt011570
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt011570
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt018505
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SCARSDALE BOWL
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt033902
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt033902
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt022332
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt022332
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt03827
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01705
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01705
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt016800
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt016800
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt012000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt17785
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt213300
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt3130500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FAMILY ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SUMMER DAY CAMP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2VARIOUS AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3COLLEGE SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt131
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt211
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt326
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt01. GRANTS FOR FAMILY ASSISTANCE BY SCARSDALE SCHOOL PERSONNEL & FINANCIAL ASSIST FUND MANAGEMENT ARE APPROVED BY THE BOARD. 2. SUMMER DAY CAMP APPLICATIONS ARE APPROVED BY BOARD AND FUNDS ARE DISTRIBUTED DIRECTLY TO THE VILLAGE OF SCARSDALE RECREATION DEPARTMENT. 3. VARIOUS OTHER AWARDS ARE APPROVED BY THE BOARD FOR SPECIFIC ACCOMPLISHMENTS. 4. STUDENTS ARE REQUIRED TO SUBMIT AN APPLICATION AND FINANCIAL DATA FOR CONSIDERATION OF A SCHOLARSHIP. STUDENTS APPROVED TO RECEIVE COLLEGE SCHOLARSHIPS NEED TO PROVIDE PROOF OF REGISTRATION PRIOR TO PAYMENT OF THE SCHOLARSHIP.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS SUBMITTED TO THE BOARD FOR REVIEW. ANY RECOMMENDATIONS OR CHANGES ARE PRESENTED TO THE BOARD FOR APPROVAL PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY. THE BOARD MANDATES THAT ALL MEMBERS OF THE BOARD ANNUALLY SIGN THE CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICT THAT MAY EXIST. IF A POTENTAIL OR ACTUAL CONFLICT EXISTS, HE OR SHE SHALL LEAVE THE MEETING DURING DISCUSSION OF AND VOTE ON THE TRANSACTION INVOLVING THE CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION MAKES ITS 990 AVAILABLE FOR PUBLIC INSPECTION ON GUIDESTAR.ORG. THE 990 AND CHAR500 ARE ALSO AVAILABLE ON CHARITIESNYS.COM. IN ADDITION, FINANCIAL STATEMENTS AND POLICIES OF THE FOUNDATION ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECT FUNDRAISING COSTS 18,505 DIRECT FUNDRAISING COSTS -18,505
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0399573
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0409237
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02599164
IRS990/TotalAssetsEOYAmt02685734
IRS990/TotalAssetsGrp/BOYAmt02599164
IRS990/TotalAssetsGrp/EOYAmt02685734
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt095363
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03591
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09459
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0163585
IRS990/TotalFunctionalExpensesGrp/TotalAmt0176635
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012385
IRS990/TotalLiabilitiesEOYAmt014785
IRS990/TotalLiabilitiesGrp/BOYAmt012385
IRS990/TotalLiabilitiesGrp/EOYAmt014785
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02586779
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02670949
IRS990/TotalProgramServiceExpensesAmt0163585
IRS990/TotalRevenueGrp/ExclusionAmt062757
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0158120
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02599164
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02685734
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02087206
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02161712
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03 MONTGOMERY ROAD
IRS990/USAddress/CityNm0SCARSDALE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010583
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0SCARSDALEFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,685,734
Liabilities
$14,785
Net assets
$2,670,949
Revenue
$158,120
Expenses
$176,635
Net income
-$18,515
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.78$0.02$3.76$0.30$0.28$0.02
2023Detailed filing. Detailed filing data is available for this year.$3.42$0.02$3.40$0.28$0.22$0.06
2022Detailed filing. Detailed filing data is available for this year.$3.12$0.03$3.09$0.26$0.20$0.06
2021Detailed filing. Detailed filing data is available for this year.$3.65$0.02$3.64$0.37$0.20$0.17
2020Detailed filing. Detailed filing data is available for this year.$2.75$0.02$2.74$0.17$0.16$0.00
2019Detailed filing. Detailed filing data is available for this year.$2.69$0.01$2.67$0.16$0.18$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.60$0.01$2.59$0.25$0.17$0.08
2017Summary only. Only limited summary data is available for this year.$2.41$0.01$2.40$0.18$0.21$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.24$0.02$2.22$0.14$0.14$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.27$0.02$2.25$0.14$0.14$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.23$0.01$2.22$0.13$0.14$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$0.01$1.94$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.73$0.01$1.72$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$0.02$1.78$0.10