Apas Foundation

EIN 13-3981269 Private foundation / grantmaker New York, NY

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Size

$100K–1M

What they do

A private foundation based in New York, NY. It reported about $208K in revenue for 2025.

Leadership

Alexander Steffan · Treasurer

Money in and out

$208K revenue, $52K expenses

Bottom line

—

A private foundation based in New York, NY. It reported about $208K in revenue for 2025. For fiscal year 2025 it reported $208K in revenue, $52K in expenses, and $392K in net assets.Pt I

Grants paid & assets · FY2025

Total revenue

$208K

Pt VIII · Ln 12

Total expenses

$52K

Pt IX · Ln 25

Net assets

$392K

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): $156K

Total assets

392K

deployed as grants and operations

Grants paid

46K

in FY2025

Grants made

44grants

total in period

Payout rate

12%

of assets (5% rule)

Who They Fund

Part XV · grants paid · 44 grants · $46K · 2025–2025

Franklin Marshall CollegeFY2025$5,000

Ny PhilharmonicFY2025$5,000

Met OperaFY2025$3,750

Father Bills MainspringFY2025$3,500

DoveFY2025$2,600

DoveFY2025$2,500

Ursuline AcademyFY2025$2,000

Bridgehampton Chamber MusicFY2025$1,500

St Ann's Episcopal ChurchFY2025$1,150

Columbus AcademyFY2025$1,000

Food Bank for Ny CityFY2025$1,000

Nature Conservancy of NyFY2025$1,000

Nature ConservancyFY2025$1,000

St Ann's Episcopal ChurchFY2025$1,000

Southampton HospitalFY2025$1,000

Allen StevensonFY2025$1,000

Harvard Bus SchoolFY2025$1,000

Interfaith Social ServFY2025$1,000

See all 44 grants →

Grantmaking Profile

Patterns in foundation giving

Average grantPart XV$1K

Median grantPart XV$500

Largest grantPart XV$5K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF

Revenue

$208K

FY2025▼ -15%

Expenses

$52K

FY2025▲ +35%

Total assets

$392K

FY2025▲ +13%

Total liabilities

FY2025

Total revenue

$208K

Pt VIII · Ln 12

Total expenses

$52K

Pt IX · Ln 25

Net assets

$392K

Pt X · Ln 32

Total assetsPt II$392K

Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CApas Foundation

EINHdr · item D13-3981269

Principal addressHdr · item CNew York, NY

WebsiteHdr · item Jnone reported

State of legal domicileHdr · item MNY

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFFoundations & Grantmakers (T20Z)

Ruling yearIRS BMFJan 1998

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1apending

Independent voting membersPt VI · Ln 1bpending

Conflict-of-interest policyPt VI · Ln 12a—

Whistleblower policyPt VI · Ln 13—

Document retention policyPt VI · Ln 14—

CEO/top-official compensation independently reviewedPt VI · Ln 15a—

Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Alexander Steffan

Treasurer

$0Pt VII · Sec A

Andrew Steffan

President

$0Pt VII · Sec A

See Apas Foundation executive salaries →

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Statement of Revenue

Part VIII

Investment income$113K · 54%

Contributions & grants$95K · 46%

Investment income54%$113K

Contributions & grants46%$95K

Total revenueLn 12$208K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

89%

Grants & contributions paid $0.89 Operating & administrative $0.11

Grants & contributions paid89%$46K

Operating & administrative11%$6K

Total functional expensesLn 25$52K

Balance Sheet

Part X · end of year

CashLn 1$14K

Total assetsLn 16$392K

Total liabilitiesLn 26$0

Total net assetsLn 32$392K

Months of cash on handcomputed3.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it

Liquidity & Payout

Payout rate

Grants paid $0 · Total assets $392K

Where the money comes from

Contribution dependence

Contributions & grants — · Total revenue $208K

—

Government reliance

not reported

Earned-income share

not reported

Investment reliance

Investment income $0 · Total revenue $208K

Program self-sufficiency

not reported

Growth & trend

Revenue growth (YoY)

This year $208K · Prior year $244K

-15%

Revenue CAGR

FY2020 $27K · FY2025 $208K

+50%

Net-asset trend (YoY)

End of year $392K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $208K · Expenses $52K

+75%

Liabilities-to-Assets

Total liabilities — · Total assets $392K

—

Net-asset ratio

Net assets $392K · Total assets $392K

100%

People & payroll

Highest Reported Total Compensation

Individual Alexander Steffan · Reported title TREASURER · Highest reported compensation $0 · Total expenses $52K

Personnel share

not reported

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Revenue growth	-15%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

FY2025 (Latest)$208K revenue · viewing · ⤓ 990 PDF

FY2024$244K revenue · ⤓ 990 PDF

FY2023$48K revenue · ⤓ 990 PDF

FY2022$72K revenue · ⤓ 990 PDF

FY2021$58K revenue · ⤓ 990 PDF

FY2020$27K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2025IRS

Classification, formation year, addressIRS Business Master File

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