Louis D Srybnik Foundation INC

Tax-deductible

Hastings Hdsn, NY501(c)(3)Foundations & GrantmakersEIN 27-1884792Revenue $268K in FY2024

On file with the IRS10 Old Jackson Ave Unit 28, 10706-3232 · Hastings Hdsn, NYTax-exempt since Oct 2021Supporting org, Type III (non-functionally integrated) — 509(a)(3)

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See part III, line 1

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 1 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average surplus $664K a year · 53% of revenue · last 6 filings
Worth a look: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$61K
to officers and key staff · 9% of spending
Top officer’s pay lower than 82% of similar orgs
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 18.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$513
<0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$268K
+220% vs prior year
Spent
$665K
To programs
77%
Net assets
$6.9M
By yearFY2019–FY2024
Revenue
$268K
FY2024▲ +220%
Tap a bar for its year
Revenue by fiscal year
FY2019$6.3M
FY2020$442K
FY2021$138K
FY2022$357K
FY2023$84K
FY2024$268K
Expenses
$665K
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2019$326K
FY2020$520K
FY2021$638K
FY2022$802K
FY2023$633K
FY2024$665K
Net assets
$6.9M
FY2024▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2019$8.5M
FY2020$8.2M
FY2021$8.0M
FY2022$7.0M
FY2023$6.8M
FY2024$6.9M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2021.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $513K Management & general 21% · $143K Fundraising 1% · $10K

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

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Who runs it and what they're paid

5 people listed on the 990; $61K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice President/Director
$19,200Pt VII · Sec A
Secretary/Treasurer/Dir.
$18,100Pt VII · Sec A
Program Director/Dir.
$14,400Pt VII · Sec A
Dir./Audit Committee Chair
$9,600Pt VII · Sec A
President/Director
$0Pt VII · Sec A

Lynda Rufo’s $19K as Vice President/Director is at the 18th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Lynda Rufo$19,200$16,800$16,800$16,800$16,800$21,800
Leslie Foglesong$18,100$13,600$13,600$9,600$14,600$9,600
Scarlett Macfarlane$14,400$14,400$14,400$14,400$14,400$12,400
Edward Mahoney$9,600$9,600$9,600$9,600$9,600$8,800

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Louis D Srybnik Foundation INC executive salaries →

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Louis D Srybnik Foundation INC is a public foundation based in Hastings Hdsn, NY.

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Provided by the organization

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3 programs · $387K · in their own filed words · FY2024
01

Provides support through direct annual grants and provides promotional services to further provide support and raise public awareness, funding and support for programs in education, benefitting persons under the age of 35 including grants, website design and social media support for two 501(c)(3) FOUNDATIONS.A) united way program #1…

$184Kprogram expense
02

Provides support through direct grants and provides promotional support and services to raise public awareness, funding and support for programs for medical care for animals, education, and personal REHABILITATION/SUBSTANCE abuse recovery, benefitting persons under the age of 35 for three 501(c)(3) ORGANIZATIONS.A) national capital…

$125Kprogram expense
03

Provides support through direct annual grants and providing promotional services to further provide support and raise public awareness, funding and support for programs in education, and medical research benefitting persons under the age of 35 including grants and support for two NATIONAL/INTERNATIONAL 501(c)(3) foundations:a) young…

$78Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 48 grants · $1.1M · 2019–2024
Young Audiences INCNY · FY2024$10,000
Eva's VillageFY2024$10,000
Bard CollegeNY · FY2024$10,000
Young Audiences INCNY · FY2023$10,000
Eva's VillageFY2023$10,000
Bard CollegeNY · FY2023$10,000
See all 48 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$268K
Ln 12
Investment incomeLn 3$298K
Money outPt IX
$665K
Ln 25
Programscol B$513K
Managementcol C$143K
Fundraisingcol D$10K
Owns and owesPt X
$6.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$6.9M
LiabilitiesLn 26$513
PeoplePt VI, VII
5
listed · VII A
PaidVII A4
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$298K
Gains on assetsLn 7−$30K
Total revenueLn 12$268K
Assets in detailPt X, end of year
CashLn 1$148K
SavingsLn 2$873K
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$5.9M
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$7K
Total assetsLn 16$6.9M
LiabilitiesLn 26$513
Net assetsLn 32$6.9M
OperationsPt I, VI
EmployeesI 51
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.1M$1.0M
InvestmentsLn 11–13$5.7M$5.9M
Land, buildings, equipmentLn 10c$3K$2K
Total assetsLn 16$6.8M$6.9M
LiabilitiesLn 26$277$513
Net assetsLn 32$6.8M$6.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$176K$176K
Pay of current officers, directors and key staffLn 5$80K$38K$33K$10K
Other salaries and wagesLn 7$55K$55K
Other employee benefitsLn 9$12K$12K
Payroll taxesLn 10$6K$6K
Legal feesLn 11b$6K$3K$3K
Accounting feesLn 11c$81K$29K$52K
Investment management feesLn 11f$9K$9K
Other fees for servicesLn 11g$23K$16K$6K
Advertising and promotionLn 12$37K$37K
Office expensesLn 13$11K$8K$4K
Information technologyLn 14$10K$10K
OccupancyLn 16$101K$101K
TravelLn 17$15K$15K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$10K$8K$3K
Other expenses (24a–d)Ln 24$33K$33K
Total functional expensesLn 25$665K$513K$143K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $268K$665K−$397K$6.9M 990 PDF
FY2023 $84K$633K−$549K$6.8M 990 PDF
FY2022 $357K$802K−$446K$7.0M 990 PDF
FY2021 $138K$638K−$500K$8.0M 990 PDF
FY2020 $442K$520K−$78K$8.2M 990 PDF
FY2019 $6.3M$326K$6.0M$8.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $268,489 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $99,892$298,213
I-11 Other revenuePrior year −$16,025−$29,724
I-12 Total revenuePrior year $83,867$268,489
I-13 Grants and similar amounts paidPrior year $180,000$176,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $133,307$152,737
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $319,710$336,656
I-18 Total expensesPrior year $633,017$665,393
I-19 Revenue less expensesPrior year −$549,150−$396,904
Part VI · Governance 0 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $268,489 across 4 lines filed
VIII-3 Investment incomeExcluded from tax $328,201$328,201
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$29,988−$29,988
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business −$31,840 · Excluded from tax $2,116−$29,724
VIII-12 Total revenueRelated to mission $0 · Unrelated business −$31,840 · Excluded from tax $300,329$268,489
Part IX · Statement of functional expenses $665,393 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $176,000$176,000
IX-5 Pay of current officers, directors and key staffPrograms $37,677 · Management $32,877 · Fundraising $9,600$80,154
IX-7 Other salaries and wagesPrograms $54,833$54,833
IX-9 Other employee benefitsPrograms $12,194$12,194
IX-10 Payroll taxesPrograms $5,556$5,556
IX-11b Legal feesPrograms $2,851 · Management $2,851$5,702
IX-11c Accounting feesPrograms $28,546 · Management $51,963$80,509
IX-11f Investment management feesManagement $9,089$9,089
IX-11g Other fees for servicesPrograms $16,364 · Management $6,336$22,700
IX-12 Advertising and promotionPrograms $37,259$37,259
IX-13 Office expensesPrograms $7,559 · Management $3,723$11,282
IX-14 Information technologyPrograms $9,723$9,723
IX-16 OccupancyPrograms $100,763$100,763
IX-17 TravelPrograms $14,601$14,601
IX-22 Depreciation, depletion and amortizationPrograms $1,220$1,220
IX-23 InsurancePrograms $7,827 · Management $2,609$10,436
IX-24 Other expenses (24a–d)Management $33,372$33,372
IX-25 Total functional expensesPrograms $512,973 · Management $142,820 · Fundraising $9,600$665,393
Part X · Balance sheet $6,894,010 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $211,071$148,021
X-2 Savings and temporary cash investmentsStart of year $892,877$873,309
X-10c Land, buildings and equipment, netStart of year $3,087$1,867
X-11 Publicly traded securitiesStart of year $5,197,827$5,358,172
X-12 Other securitiesStart of year $491,326$506,135
X-15 Other assetsStart of year $6$6,506
X-16 Total assetsStart of year $6,796,194$6,894,010
X-25 Other liabilitiesStart of year $277$513
X-26 Total liabilitiesStart of year $277$513
X-32 Total net assets or fund balancesStart of year $6,795,917$6,893,497
X-33 Total liabilities and net assetsStart of year $6,796,194$6,894,010
Part XI · Reconciliation of net assets $6,893,497 net assets at year end
XI-1 Total revenue$268,489
XI-2 Total expenses$665,393
XI-3 Revenue less expenses−$396,904
XI-4 Net assets at start of year$6,795,917
XI-5 Net unrealized gains (losses) on investments$494,484
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,893,497

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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