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Scarsdale Foundation FY2023 filing

Tax-deductible

Scarsdale, NY501(c)(3)Since 1923Foundations & Grantmakers EIN 13-6103826Revenue $275K in FY2023Latest return filed May 11, 2026

On file with the IRSscarsdalefoundation.orgScarsdale, NYTax-exempt since Jun 1946Publicly supported charity — 170(b)(1)(A)(vi)

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To support charitable and educational programs and services benefiting the Scarsdale, NY community.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $63K a year · 22% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Plus $3.3M in investments, Pt X · Ln 11–13
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $25K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$21K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$275K
+7% vs prior year
Spent
$217K
To programs
88%
Net assets
$3.4M
By yearFY2020–FY2025
Revenue
$275K
FY2023▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$168K
FY2021$368K
FY2022$256K
FY2023$275K
FY2024$298K
FY2025$336K
Expenses
$217K
FY2023▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$164K
FY2021$200K
FY2022$198K
FY2023$217K
FY2024$277K
FY2025$267K
Net assets
$3.4M
FY2023▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.7M
FY2021$3.6M
FY2022$3.1M
FY2023$3.4M
FY2024$3.8M
FY2025$4.1M

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1946.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $192K Management & general 12% · $25K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
B Kathleen Munguia
Vice Preside
$0Pt VII · Sec A
Jennifer Love
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Anne Lyons
Trustee
$0Pt VII · Sec A
See Scarsdale Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports charitable and educational programs benefiting the Scarsdale, NY community.

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2 programs · $192K · in their own filed words · FY2022
01

The foundation awards need-based college scholarships to matriculated college students entering their sophomore, junior and senior years of college who are residents of scarsdale.

$148Kprogram expense
02

The foundation supports community service, educational and human development. The foundation is the presenter of the scarsdale bowl award given annually to a resident who has contributed outstanding volunteer service to the community.

$44Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Forward VisionFY2024$9K
Fidelity Investments Charitable Gift FundFY2024$5K
The V & L Marx FoundationFY2024$5K
The Ned and Emily Sherwood Family FoundationFY2024$5K
Charles S Raizen Fdn INCFY2024$1K
Total grants receivedfrom 5 funders$25K
See all 5 funders →
Grants paid · 13 grants · $1.2M · 2019–2024
Unitemized GrantFY2024$205,000
Unitemized GrantFY2024$37,370
Unitemized GrantFY2023$209,000
Unitemized GrantFY2023$44,660
Unitemized GrantFY2022$148,000
Unitemized GrantFY2022$43,675
Unitemized GrantFY2021$139,000
Unitemized GrantFY2021$38,210
Unitemized GrantFY2020$140,000
Unitemized GrantFY2020$45,500
Unitemized GrantFY2019$124,000
Unitemized GrantFY2019$14,630
Unitemized GrantFY2019$12,000

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$275K
Ln 12
Gifts and grantsLn 1h$155K
Investment incomeLn 3$112K
Other incomeLn 4–11$8K
Money outPt IX
$217K
Ln 25
Programscol B$192K
Managementcol C$25K
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$133K
Total assetsLn 16$3.4M
LiabilitiesLn 26$21K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$155K
Fundraising eventsLn 1c$109K
Investment incomeLn 3$112K
Other incomeLn 4–11$8K
Gains on assetsLn 7$44K
Total revenueLn 12$275K
Assets in detailPt X, end of year
CashLn 1$32K
SavingsLn 2$101K
Cash and savings togetherLn 1–2$133K
InvestmentsLn 11–13$3.3M
Total assetsLn 16$3.4M
LiabilitiesLn 26$21K
Net assetsLn 32$3.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$100K$100K$100K$100K$100K
SpentLn 1d–1f$12K$28K$4K$6K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$117K$133K
InvestmentsLn 11–13$3.0M$3.3M
Total assetsLn 16$3.1M$3.4M
LiabilitiesLn 26$26K$21K
Net assetsLn 32$3.1M$3.4M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$192K$192K
Accounting feesLn 11c$9K$9K
Office expensesLn 13$1K$1K
Information technologyLn 14$9K$9K
InsuranceLn 23$630$630
Other expenses (24a–d)Ln 24$5K$5K
Total functional expensesLn 25$217K$192K$25K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 11, 2026 $336K$267K$69K$4.1M 990 PDF
FY2024Filed with the IRS May 12, 2025 $298K$277K$21K$3.8M 990 PDF
FY2023 ViewingFiled with the IRS May 7, 2024 $275K$217K$58K$3.4M 990 PDF
FY2022Filed with the IRS May 5, 2023 $256K$198K$58K$3.1M 990 PDF
FY2021Filed with the IRS Apr 21, 2022 $368K$200K$168K$3.6M 990 PDF
FY2020Filed with the IRS Apr 10, 2021 $168K$164K$4K$2.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $275,153 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $126,414$155,061
I-9 Program service revenue$0
I-10 Investment incomePrior year $120,341$112,129
I-11 Other revenuePrior year $9,273$7,963
I-12 Total revenuePrior year $256,028$275,153
I-13 Grants and similar amounts paidPrior year $177,210$191,675
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $20,857$25,077
I-18 Total expensesPrior year $198,067$216,752
I-19 Revenue less expensesPrior year $57,961$58,401
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $275,153 across 7 lines filed
VIII-1c Fundraising events$108,733
VIII-1f All other contributions, gifts and grants$46,328
VIII-1h Total contributions, gifts and grants$155,061
VIII-3 Investment incomeExcluded from tax $68,251$68,251
VIII-7 Net gain or loss on sales of assetsExcluded from tax $43,878$43,878
VIII-8 Net income from fundraising eventsExcluded from tax $7,963$7,963
VIII-12 Total revenueExcluded from tax $120,092$275,153
Part IX · Statement of functional expenses $216,752 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $191,675$191,675
IX-11c Accounting feesManagement $9,114$9,114
IX-13 Office expensesManagement $1,360$1,360
IX-14 Information technologyManagement $9,122$9,122
IX-23 InsuranceManagement $630$630
IX-24 Other expenses (24a–d)Management $4,851$4,851
IX-25 Total functional expensesPrograms $191,675 · Management $25,077 · Fundraising $0$216,752
Part X · Balance sheet $3,419,077 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $9,647$32,059
X-2 Savings and temporary cash investmentsStart of year $106,913$101,041
X-11 Publicly traded securitiesStart of year $3,000,958$3,285,977
X-16 Total assetsStart of year $3,117,518$3,419,077
X-17 Accounts payable and accrued expensesStart of year $25,510$20,775
X-26 Total liabilitiesStart of year $25,510$20,775
X-27 Net assets without donor restrictionsStart of year $2,545,732$2,809,451
X-28 Net assets with donor restrictionsStart of year $546,276$588,851
X-32 Total net assets or fund balancesStart of year $3,092,008$3,398,302
X-33 Total liabilities and net assetsStart of year $3,117,518$3,419,077
Part XI · Reconciliation of net assets $3,398,302 net assets at year end
XI-1 Total revenue$275,153
XI-2 Total expenses$216,752
XI-3 Revenue less expenses$58,401
XI-4 Net assets at start of year$3,092,008
XI-5 Net unrealized gains (losses) on investments$247,893
XI-10 Net assets at end of year$3,398,302

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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