THE SFIG FOUNDATION INC

EIN: 813982260 501(c)(3) Education

WASHINGTON, DC

Total Revenue
$79,378
Total Expenses
$127,616
Total Assets
$181,162
Net Assets
$181,162
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NY
Principal Officer
LESLIE SACK
Phone
2025246300
Tax Period
2022-01-01 to 2022-12-31

THE SFIG FOUNDATION INC, founded in 2016, is a micro nonprofit in the Education sector that reported $79K in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $128K exceeded revenue, resulting in a 61% operating deficit.

Mission

THE FOUNDATION PROVIDES COLLEGE SCHOLARSHIPS TO TWO GROUPS. ONE IS HIGH SCHOOL STUDENTS WHO HAVE SUCCESSFULLY PARTICIPATED IN MENTOR FOUNDATION USA'S CAREER MENTORING OR YOUTH AMBASSADOR PROGRAMS. THE SECOND IS CURRENT COLLEGE STUDENTS AT THE UNIVERSITY OF THE DISTRICT OF COLUMBIA WHO ARE PURSUING BUSINESS MAJORS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $79,095
Program Service Revenue $0
Investment Income $0
Other Revenue $283
TOTAL REVENUE $79,378

Expense Breakdown

Grants Paid $115,000
Salaries & Benefits $0
Fundraising Expenses $1,697
Program Expenses $116,380
Other Expenses $12,616
TOTAL EXPENSES $127,616

Year-over-Year Comparison

2022 2021 Change
Revenue $79,378 $86,199 -0.1%
Expenses $127,616 $191,178 -0.3%
Net Income $-48,238 $-104,979 -0.5%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
9
Employees
N/A
Volunteers
11

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$409,143
Total Directors
13
$2,224,005
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNA-LIZA HARRIS CHAIR 1.50
Officer Director
$0 $0 $0
DEEPESH JAIN VICE CHAIR UNTIL 4/2022 1.00
Officer Director
$0 $0 $0
ANGELA ULUM SECRETARY 1.50
Officer Director
$0 $0 $0
ANDREW DAVIDSON TREASURER 1.50
Officer Director
$0 $0 $0
PATRICK ORR DIRECTOR 1.00
Director
$0 $0 $0
WENDY COHN DIRECTOR UNTIL 5/2022 1.00
Director
$0 $0 $0
AASHH PAREKH DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
CHRIS ABATE DIRECTOR 1.00
Director
$0 $0 $0
NANCY MUELLER HANDAL DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA SCHULZE DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL BRIGHT DIRECTOR/CEO OF SFIG 1.00
Director
$0 $49,162 $1,314,508
KRISTI LEO DIRECTOR/PRESIDENT OF SFIG 1.00
Director
$0 $44,487 $909,497
LESLIE SACK EXECUTIVE DIRECTOR 2.00
Officer
$0 $57,472 $409,143
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $79,378 $127,616 $181,162 $-48,238
2021 $86,199 $191,178 $232,452 $-104,979
2020 $247,283 $277,117 $337,334 $-29,834
2019 $319,183 $225,582 $503,746 $93,601
2018 $315,878 $208,363 $515,185 $107,515
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