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Severus Foundation Corp EIN 47-5467905 Form 990 (PDF) Claim this org

Severus Foundation Corp FY2021 filing

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A private foundation based in Kingston, NY. It reported about $258K in revenue for 2021. For fiscal year 2021 it reported $258K in revenue, $126K in expenses, and $198K in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Kingston, NY
Filings
5 on file (2020–2021)
Revenue
$258KFY2021
Expenses
$126K
Net assets
$198K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-5467905 Private foundation / grantmaker Kingston, NY
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
A private foundation based in Kingston, NY. It reported about $258K in revenue for 2021.
Leadership
David Laties · President
Money in and out
$258K revenue, $126K expenses
Bottom line
—
Grants paid & assets · FY2021
Total revenue
$258K
Pt VIII · Ln 12
Total expenses
$126K
Pt IX · Ln 25
Net assets
$198K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $132K
Total assets
198K
deployed as grants and operations
Grants paid
120K
in FY2021
Grants made
19grants
total in period
Payout rate
61%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 19 grants · $309K · 2024–2024
Calusa Waterkeeper INCFL · FY2024$120,000
Bridgewater State University FoundaFY2024$45,000
Child's Play Touring TheatreFY2024$40,000
Meteor Films INCNY · FY2024$12,500
Heart Productions INCFY2024$12,500
Hope HouseFY2024$10,000
Dorcas InternationalTX · FY2024$10,000
Clinica EsperanzaFY2024$10,000
Highfiled Hall GardenFY2024$6,000
Undue Medical DebtFY2024$5,000
Marine Biological LaboratoryMA · FY2024$5,000
Shout House PressFY2024$5,000
Woods Hole Oceanographic InstititueFY2024$5,000
We Share the HopeRI · FY2024$5,000
Ri Community Food BankFY2024$5,000
Providence Community LibraryFY2024$5,000
Town of Esopus LibraryNY · FY2024$3,000
Wilderstein Historic SiteFY2024$2,500
See all 19 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV6
Average grantPart XV$16K
Median grantPart XV$5K
Largest grantPart XV$120K
Top cause focusNTEEEducation (5%)

Summary of the Filing

Part I · fiscal year 2021 · Form 990-PF
Revenue
$258K
FY2021
Expenses
$126K
FY2021▼ -18%
Total assets
$198K
FY2021▲ +202%
Total liabilities
$0
FY2021
Total revenue
$258K
Pt VIII · Ln 12
Total expenses
$126K
Pt IX · Ln 25
Net assets
$198K
Pt X · Ln 32
Total assetsPt II$198K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSeverus Foundation Corp
EINHdr · item D47-5467905
Principal addressHdr · item CKingston, NY
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFApr 2016

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
David Laties
President
$0Pt VII · Sec A
Andrew Laties
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Severus Foundation Corp executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$255K · 99%
Investment income$3K · 1%
Contributions & grants99%$255K
Investment income1%$3K
Total revenueLn 12$258K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.95 Operating & administrative $0.05
Grants & contributions paid95%$120K
Operating & administrative5%$6K
Total functional expensesLn 25$126K

Balance Sheet

Part X · end of year
CashLn 1$198K
Total assetsLn 16$198K
Total liabilitiesLn 26$0
Total net assetsLn 32$198K
Months of cash on handcomputed18.8

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $198K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $258K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $258K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $258K · Prior year $0
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $198K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $258K · Expenses $126K
+51%
Liabilities-to-Assets
Total liabilities — · Total assets $198K
—
Net-asset ratio
Net assets $198K · Total assets $198K
100%
People & payroll
Highest Reported Total Compensation
Individual David Laties · Reported title President · Highest reported compensation $0 · Total expenses $126K
0%
Personnel share
not reported

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. Peer cohort: .

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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
FY2024 (Latest)$880K revenue · ⤓ 990 PDF
FY2023$237K revenue · ⤓ 990 PDF
FY2022$47K revenue · ⤓ 990 PDF
FY2021$258K revenue · viewing · ⤓ 990 PDF
FY2020$0 revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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