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← STATESMAN FOUNDATION INC

Form 990 for tax year 2024

Filed by STATESMAN FOUNDATION INC.

Totals

Total revenue
$324,000
Total expenses
$318,483
Contributions and grants received
$149,040
Grants paid
$140,000
Program service revenue
$174,960
Investment income
$0
Other revenue
$0
Total assets, end of year
$63,430
Total liabilities, end of year
$39,000
Net assets or fund balances, end of year
$24,430
Program services expenses (Part IX)
$312,876
Management and general expenses
$5,607
Fundraising expenses
$0
Program service expenses (Part III)
$312,876

Program services were 98.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $149,040

  • 2a · Program service revenue: STATESMAN DINNER

    total $174,960 · related or exempt $174,960

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $140,000 · program services $140,000

  • 11c · Fees: accounting

    total $5,000 · management and general $5,000

  • 11g · Fees: other

    total $10,000 · program services $10,000

  • 13 · Office expenses

    total $201 · program services $201

  • 16 · Occupancy

    total $133,763 · program services $133,763

  • 17 · Travel

    total $1,192 · program services $1,192

  • 24a · Other expenses: LIGHTING & STAGING

    total $16,345 · program services $16,345

  • 24b · Other expenses: PRODUCTION

    total $6,995 · program services $6,995

  • 24c · Other expenses: PHOTOGRAPHY

    total $4,380 · program services $4,380

  • 24d · Other expenses: REGISTERED AGENT FEE

    total $565 · management and general $565

  • 24e · All other expenses

    total $42 · management and general $42

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,913 · end of year $50,405

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,000 · end of year $13,025

  • 19 · Deferred revenue

    beginning of year $6,000 · end of year $39,000

  • 27 · Net assets without donor restrictions

    beginning of year $18,913 · end of year $24,430

Mission and programs · 2024

Mission

TO PROVIDE SUPPORT FOR CHARITIES, EDUCATION, ARTS, AND SCIENCE.

  • DURING 2024, THE STATESMAN FOUNDATION HELD ITS ANNUAL STATESMAN DINNER FOR INSURANCE PROFESSIONALS AT GOTHAM HALL IN NYC, THE PROCEEDS OF WHICH WERE CONTRIBUTED TO 19 CHARITIES IN THE UNITED STATES.

    Expenses $312,876 · Grants $140,000 · Revenue $174,960

As filed on the 2024 return.

Listed in Part VII

  • DAVID BELL

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • CLARE MCCARRICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • CHRISTINE WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • MICHELLE SARTAIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ALEX MURALES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202503189349309930

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