The Seltzer Family Foundation
SUPPORTS THE MISSION OF UNITED JEWISH APPEAL-FEDERATION OF JEWISH PHILANTHROPIES OF NEW YORK, INC.
IRS Tax Year 2022
Period ending June 30, 2023
Total Revenue
$136K
Total Expenses
$183K
Net Assets
$5.1M
Employees
0
Grants Paid
$146K
Program Expense Ratio
79.7%
This nonprofit profile presents IRS Form 990 tax filing data for The Seltzer Family Foundation (EIN: 13-3799971), based on the 2022 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
The Seltzer Family Foundation is a 501(c)(3) nonprofit headquartered in NEW YORK, NY, founded in 1994. The organization has held tax-exempt status since 1995. In its 2022 filing, the organization reported $136K in total revenue, a 62.0% decrease from the prior year, and $183K in total expenses. STUART TAUBER, TRUSTEE, is the highest-compensated individual at $384,179. The organization runs 1 program, totaling $146K in program expenses. 5 of 6 recommended governance policies are in place.
The Seltzer Family Foundation is classified under NTEE code T70I. Its foundation type is 17.
Programs(Tax Year 2022)
1 record
The Seltzer Family Foundation operates 1 program, with total program expenses of $146K. The Seltzer Family Foundation's largest program accounts for 100% of total program spending.
GRANTS ARE MADE TO UJA-FEDERATION OF NEW YORK AND OTHER TAX EXEMPT ORGANIZATIONS IN FURTHERANCE OF UJA-FEDERATION OF NEW YORK'S CHARITABLE PURPOSES.
Financial Overview(Tax Years 2020–2022)
3 records
Over the past 3 years, The Seltzer Family Foundation's revenue has declined from $288K to $136K, a 52.8% decrease. Program expenses represent 80% of total spending.
Revenue decreased 62.0% year-over-year, while expenses declined 10.4%. net assets rose to $5.1M, up 7.1% from the prior year.
The Seltzer Family Foundation derives 100% from investment income.
The Seltzer Family Foundation allocates 80% to programs, 20% to management and general.
Revenue declined by 62.0% and expenses declined by 10.4% year over year.
The Seltzer Family Foundation distributed $146K in grants to other organizations and individuals, representing 80% of total expenses.
Over 3 filings from 2020–2022, The Seltzer Family Foundation declined revenue from $288K to $136K (-52.8%) while maintaining a program expense ratio of 80%.
The Seltzer Family Foundation holds $5.1M in total assets against $0 in liabilities (debt-to-asset ratio of 0%). The organization has 331.5 months of operating reserves. Cash and equivalents of $22K cover approximately 1.4 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2022 | $136K | $0 | $0 | $0 | $136K |
| 2021 | $357K | $0 | $0 | $0 | $357K |
| 2020 | $288K | $0 | $0 | $0 | $288K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2022 | $183K | $146K | $37K | $0 | $146K |
| 2021 | $204K | $154K | $50K | $0 | $154K |
| 2020 | $176K | $131K | $46K | $0 | $131K |
Program Expense Ratio
79.7%
Admin Expense Ratio
20.3%
Fundraising Efficiency
—
Operating Reserve
331.5 mo
People & Compensation(Tax Year 2022)
5 records
The Seltzer Family Foundation reported compensation for 5 officers and key employees. Total officer compensation was $609K, representing 332.1% of total expenses.
The Seltzer Family Foundation's highest-compensated individual received $384K in total compensation. Total officer compensation of $609K represents 332.1% of total expenses.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| STUART TAUBER | TRUSTEE | Director | 1.00 | $0 | $314,695 | $384,179 |
| STANLEY BAUMBLATT | SECRETARY/TREASURER/TRUSTEE | OfficerDirector | 1.00 | $0 | $187,127 | $224,516 |
| REUBEN SELTZER | PRESIDENT/TRUSTEE | OfficerDirector | — | $0 | $0 | $0 |
| RICHARD L KAY | TRUSTEE | Director | — | $0 | $0 | $0 |
| DAVID SELTZER | TRUSTEE | Director | — | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
STANLEY BAUMBLATT
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
STUART TAUBER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2022)
The Seltzer Family Foundation has 5 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 5 members, 3 of whom are independent.
The Seltzer Family Foundation's financial statements are audited, an audit committee oversees the process.
The Seltzer Family Foundation has family or business relationships among officers, directors, or key employees.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2022)
6 records
The Seltzer Family Foundation awarded $131K across 6 grants to organizations. Top recipients include UJA-FEDERATION OF NEW YORK (NEW YORK, NY) — $75K for grant to supported organization; CHAI LIFELINE (NEW YORK, NY) — $19K for for general charitable purposes; AMERICAN COMMITTEE FOR AHAVAS TORAH (BROOKLYN, NY) — $18K for for general charitable purposes.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| UJA-FEDERATION OF NEW YORK510172429 | NEW YORK, NY | $75K | GRANT TO SUPPORTED ORGANIZATION |
| CHAI LIFELINE112840331 | NEW YORK, NY | $19K | FOR GENERAL CHARITABLE PURPOSES |
| AMERICAN COMMITTEE FOR AHAVAS TORAH474263188 | BROOKLYN, NY | $18K | FOR GENERAL CHARITABLE PURPOSES |
| THE BEACH MINYAN | BROOKLYN, NY | $7K | FOR GENERAL CHARITABLE PURPOSES |
| YOUNG ISRAEL OF LAWRENCE-CEDARHURST112781204 | CEDARHURST, NY | $6K | FOR GENERAL CHARITABLE PURPOSES |
| AMERICAN FRIENDS OF SHALVA300151282 | NEW YORK, NY | $6K | FOR GENERAL CHARITABLE PURPOSES |
Filing History(Tax Years 1995–2022)
3 records
Showing the 3 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2022 | 990 | 2022-07-01 – 2023-06-30 | $136K | $183K | $5.1M |
| 2021 | 990 | 2021-07-01 – 2022-06-30 | $357K | $204K | $4.7M |
| 2020 | 990 | 2020-07-01 – 2021-06-30 | $288K | $176K | $5.7M |
| 1995–2019 | No filings acquired yet | ||||
Frequently Asked Questions
What does The Seltzer Family Foundation do?
SUPPORTS THE MISSION OF UNITED JEWISH APPEAL-FEDERATION OF JEWISH PHILANTHROPIES OF NEW YORK, INC.
How much revenue does The Seltzer Family Foundation have?
The Seltzer Family Foundation reported $135,608 in total revenue for tax year 2022, down 62.0% from the prior year.
Who is the highest-paid executive at The Seltzer Family Foundation?
STUART TAUBER, TRUSTEE, received $384,179 in total compensation as of tax year 2022.
Is The Seltzer Family Foundation a 501(c)(3)?
Yes, The Seltzer Family Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is The Seltzer Family Foundation located?
The Seltzer Family Foundation is headquartered in NEW YORK, NY 100221302.
Is The Seltzer Family Foundation audited?
Yes, The Seltzer Family Foundation's financial statements are audited, and the organization has an audit committee.
Does The Seltzer Family Foundation give grants?
Yes, The Seltzer Family Foundation distributed $146,000 in grants to other organizations and individuals in tax year 2022. Top recipients include UJA-FEDERATION OF NEW YORK, CHAI LIFELINE, AMERICAN COMMITTEE FOR AHAVAS TORAH.
Data Source
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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