Stephen Siller Tunnel to Towers Foundation
THE MISSION OF THE STEPHEN SILLER TUNNEL TO TOWERS FOUNDATION IS TO HONOR THE SACRIFICE OF FDNY FIREFIGHTER STEPHEN SILLER, AND ALL THOSE WHO LAID DOWN THEIR LIVES TO SAVE OTHERS ON SEPTEMBER 11, 2001. WE ALSO HONOR OUR MILITARY, AND FIRST RESPONDERS WHO CONTINUE TO MAKE THE SUPREME SACRIFICE OF LIFE AND LIMB FOR OUR COUNTRY.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$559.4M
Total Expenses
$381.1M
Net Assets
$501.1M
Employees
390
Volunteers
4,000
Grants Paid
$173.1M
Program Expense Ratio
88.0%
Fundraising Efficiency
1434.8%
This nonprofit profile presents IRS Form 990 tax filing data for Stephen Siller Tunnel to Towers Foundation (EIN: 02-0554654), based on the 2024 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. 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.
Stephen Siller Tunnel to Towers Foundation is a 501(c)(3) nonprofit headquartered in STATEN ISLAND, NY, founded in 2001. It is classified under NTEE code B82 (Scholarships & Financial Aid), within the Education category. The organization has held tax-exempt status since 2003. In its 2024 filing, the organization reported $559.4M in total revenue, a 50.0% increase from the prior year, and $381.1M in total expenses. The organization employed 390 people and engaged 4,000 volunteers. MATTHEW MAHONEY, EXEC VP DEVE, is the highest-compensated individual at $398,962. The organization runs 2 programs, totaling $335.4M in program expenses. 6 of 6 recommended governance policies are in place.
Stephen Siller Tunnel to Towers Foundation is classified under NTEE code B82 (Scholarships & Financial Aid), which falls within the Education category. Its foundation type is 15.
Programs(Tax Year 2024)
2 records
Stephen Siller Tunnel to Towers Foundation operates 2 programs, with total program expenses of $335.4M. Stephen Siller Tunnel to Towers Foundation's largest program accounts for 92% of total program spending.
IN THE LINE OF DUTY PROGRAMS: 1) SMART HOME PROGRAM: THIS PROGRAM CONSTRUCTS CUSTOM, SPECIALLY ADAPTED SMART HOMES FOR CATASTROPHICALLY INJURED SERVICE MEMBERS AND FIRST RESPONDERS TO RESTORE THEIR ABILITY TO LIVE A LIFE OF INDEPENDENCE. 2) FALLEN FIRST RESPONDER HOME PROGRAM: THE FOUNDATION PROVIDES MORTGAGE FREE HOMES TO FAMILIES WITH YOUNG CHILDREN LEFT BEHIND WHEN A FIREFIGHTER OR POLICE OFFICER IS KILLED IN THE LINE OF DUTY. 3) GOLD STAR HOME PROGRAM: THE FOUNDATION PROVIDES MORTGAGE FREE HOMES TO FAMILIES WITH YOUNG CHILDREN WHEN A SERVICE MEMBER DIES IN THE LINE OF DUTY. 4) HOMELESS VETERANS PROGRAM - THE FOUNDATION IS COMMITTED TO HONORING THE SACRIFICE OF AMERICAN SERVICE MEMBERS AND HELPING END HOMELESSNESS AMONGST THE VETERAN COMMUNITY. PROVIDING A SAFE AND DIGNIFIED RESIDENCE IS AN INTEGRAL PART OF HELPING VETERANS WHO ARE HOMELESS RECLAIM THEIR LIVES. VETERANS IN THIS PROGRAM RECEIVE THE SUPPORT THEY NEED TO HELP THEM ADDRESS ANY OBSTACLES TO LIVING A MORE INDEPENDENT LIFE. IN ADDITION TO DELIVERING HOUSING, WE PROVIDE COMPREHENSIVE CARE THROUGH OUR NATIONAL CASE MANAGEMENT TEAM BY CONNECTING VETERANS WHO HAVE ADDITIONAL NEEDS WITH MENTAL HEALTH COUNSELING, ADDICTION SERVICES, SKILLS TRAINING AND JOB PLACEMENT.
NEVER FORGET PROGRAMS: 1)NATIONAL TUNNEL TO TOWERS RUNS AND STAIR CLIMB SERIES: THE NEW YORK CITY 5K RUN AND TOWER CLIMB AS WELL AS THE NATIONAL RUNS AND CLIMBS ARE MEMORIAL EVENTS HELD IN HONOR OF STEPHEN SILLER (FDNY), AND ALL WHO PERISHED ON 9/11, AS WELL AS FIRST RESPONDERS AND MILITARY WHO CONTINUE TO PUT THEIR LIVES ON THE LINE TO SERVE AND PROTECT OUR NATION. THE FOUNDATION HAS ESTABLISHED THESE MEMORIAL EVENTS TO ENSURE WE NEVER FORGET 2) TUNNEL TO TOWERS 9/11 INSTITUTE: THIS IS OUR SEPTEMBER 11, 2001 EDUCATION PROGRAM. THE FOUNDATION HAS DEVELOPED A CURRICULUM FOR GRADES K- 12 THAT CAN BE ACCESSED BY TEACHERS THROUGHOUT THE NATION TO EDUCATE CHILDREN ABOUT THE HISTORY OF 9/11. THE PROGRAM ALSO INCLUDES A MOBILE EXHIBIT, WHICH SERVES TO EDUCATE AND PAY TRIBUTE TO THE SACRIFICES MADE ON SEPTEMBER 11, 2001. 3) WINGS OF A HERO: TO HELP LOCAL COMMUNITY CHILDREN IN NEED WHO HAVE LOST A PARENT BY PROVIDING ASSISTANCE FOR SCHOOL, COUNSELING OR OTHER NEEDS. 4)LEGACY AWARDS: TO ASSIST FAMILIES OF MILITARY OR FIRST RESPONDERS AND OTHER CASES WHERE THERE IS IMMEDIATE SPECIAL FINANCIAL NEED.
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, Stephen Siller Tunnel to Towers Foundation's revenue has grown from $46.0M to $559.4M, a 1117.2% increase. Program expenses represent 88% of total spending.
Revenue increased 50.0% year-over-year, while expenses grew 40.0%. net assets rose to $501.1M, up 57.6% from the prior year. the organization added 107 employees.
Stephen Siller Tunnel to Towers Foundation derives 96% from contributions and grants, with 2% from program services, with 2% from investment income.
Revenue is heavily concentrated: 96% comes from contributions and grants, indicating limited diversification.
Stephen Siller Tunnel to Towers Foundation allocates 88% to programs, 2% to management and general, 10% to fundraising.
Revenue grew by 50.0% while expenses grew by only 40.0%, suggesting improving operational efficiency.
Stephen Siller Tunnel to Towers Foundation distributed $173.1M in grants to other organizations and individuals, representing 45% of total expenses.
Over 6 filings from 2019–2024, Stephen Siller Tunnel to Towers Foundation grew revenue from $46.0M to $559.4M (+1117.2%) while maintaining a program expense ratio of 88%. During this period, the organization grew from 61 to 390 employees.
Stephen Siller Tunnel to Towers Foundation holds $652.8M in total assets against $151.7M in liabilities (debt-to-asset ratio of 23%). The organization has 15.8 months of operating reserves. Cash and equivalents of $371.0M cover approximately 11.7 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $559.4M | $539.6M | $0 | $9.9M | $8.5M |
| 2023 | $373.0M | $359.4M | $0 | $7.2M | $5.1M |
| 2022 | $305.3M | $295.6M | $0 | $8.9M | $654K |
| 2021 | $264.0M | $258.0M | $954K | $5.0M | $239K |
| 2020 | $113.7M | $112.3M | $0 | $1.3M | $72K |
| 2019 | $46.0M | $40.0M | $0 | $5.6M | $51K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $381.1M | $335.4M | $8.1M | $37.6M | $173.1M |
| 2023 | $272.2M | $246.1M | $5.0M | $18.1M | $137.6M |
| 2022 | $286.8M | $267.7M | $5.0M | $14.1M | $157.0M |
| 2021 | $147.6M | $140.2M | $3.2M | $4.1M | $56.6M |
| 2020 | $57.3M | $54.5M | $1.1M | $1.7M | $17.2M |
| 2019 | $34.6M | $32.4M | $736K | $1.5M | $8.7M |
Program Expense Ratio
88.0%
Admin Expense Ratio
2.1%
Fundraising Efficiency
1434.8%
Operating Reserve
15.8 mo
People & Compensation(Tax Year 2024)
13 records
Stephen Siller Tunnel to Towers Foundation reported compensation for 13 officers and key employees. Total officer compensation was $2.0M, representing 0.5% of total expenses.
Stephen Siller Tunnel to Towers Foundation's highest-compensated individual received $399K in total compensation. Total officer compensation of $2.0M represents 0.5% of total expenses.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| MATTHEW MAHONEY | EXEC VP DEVE | Highest Comp | 50.00 | $350,012 | $0 | $398,962 |
| JEANNA DELLRAGIONE | COO | Officer | 50.00 | $350,000 | $0 | $380,021 |
| LAWRENCE OLSON | EXEC VP MARK | Highest Comp | 50.00 | $259,616 | $0 | $286,022 |
| JOHN PONTE | SR VP, HOME | Highest Comp | 50.00 | $222,538 | $0 | $265,016 |
| GAVIN NAPLES | VP HOMELESS | Highest Comp | 50.00 | $229,295 | $0 | $245,316 |
| JUSTING KIERNAN | VP INTERNAL | Highest Comp | 50.00 | $213,097 | $0 | $220,965 |
| FRANK SILLER | PRESIDENT CH | OfficerDirector | 50.00 | $100,000 | $0 | $133,576 |
| MARY SCULLIN | TREASURER AN | OfficerDirector | 30.00 | $24,000 | $0 | $85,335 |
| JANIS HANNAN | VICE CHAIR | OfficerDirector | 5.00 | $0 | $0 | $0 |
| GEORGE SILLER | VICE CHAIR | OfficerDirector | 5.00 | $0 | $0 | $0 |
| REGINA VOGT | SECRETARY | OfficerDirector | 5.00 | $0 | $0 | $0 |
| COMMISSIONER SALVATORE CASSANO | DIRECTOR | Director | 5.00 | $0 | $0 | $0 |
| JOHN V LABARBERA | DIRECTOR | Director | 5.00 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
MATTHEW MAHONEY
Base Salary
$350,012
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
$48,950
JEANNA DELLRAGIONE
Base Salary
$350,000
Bonus
—
Other Reportable
—
Retirement/Deferred
$14,000
Nontaxable Benefits
$16,021
LAWRENCE OLSON
Base Salary
$259,616
Bonus
—
Other Reportable
—
Retirement/Deferred
$10,385
Nontaxable Benefits
$16,021
JOHN PONTE
Base Salary
$210,400
Bonus
$12,138
Other Reportable
—
Retirement/Deferred
$8,902
Nontaxable Benefits
$33,576
GAVIN NAPLES
Base Salary
$220,805
Bonus
$8,490
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
$16,021
JUSTING KIERNAN
Base Salary
$205,205
Bonus
$7,892
Other Reportable
—
Retirement/Deferred
$6,393
Nontaxable Benefits
$1,475
Governance & Compliance(Tax Year 2024)
Stephen Siller Tunnel to Towers Foundation has 6 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 7 members, 6 of whom are independent.
Stephen Siller Tunnel to Towers Foundation's financial statements are audited, an audit committee oversees the process, accounting follows GAAP standards.
Stephen Siller Tunnel to Towers Foundation has family or business relationships among officers, directors, or key employees.
Policies & Oversight
Audit & Financial Oversight
Insider Transactions(Tax Year 2024)
1 record
Unknown person — PRES CHAIR CEO
Grants Awarded(Tax Year 2024)
52 records
Stephen Siller Tunnel to Towers Foundation awarded $16.4M across 44 grants to organizations. Top recipients include SEMPER FI & AMERICA'S FUND (OCEANSIDE, CA) — $6.0M for support; VETERANS MATTER (TOLEDO, OH) — $3.1M for support; CHILDREN OF FALLEN PATRIOTS FOUNDAT (RESTON, VA) — $2.5M for support. The organization also provided grants to individuals (5,649 recipients) totaling $156.6M, including mortgage payments, home purchases and renov, financial assistance, legacy awards, disaster relief, rental assistance, russell f. memorial schol, wings of a hero.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| SEMPER FI & AMERICA'S FUND260086305 | OCEANSIDE, CA | $6.0M | SUPPORT |
| VETERANS MATTER262052237 | TOLEDO, OH | $3.1M | SUPPORT |
| CHILDREN OF FALLEN PATRIOTS FOUNDAT470902295 | RESTON, VA | $2.5M | SUPPORT |
| VETERANS MATTER262052237 | TOLEDO, OH | $1.0M | SUPPORT |
| TRAVIS MANION FOUNDATION412237951 | DOYLESTOWN, PA | $1.0M | SUPPORT |
| KID SAVE INTERNATIONAL INC911887623 | CULVER CITY, CA | $500K | SUPPORT |
| A SOLDIERS JOURNEY HOME474307235 | CHATTANOOGA, TN | $425K | SUPPORT |
| RICHMOND UNIVERSITY MEDICAL CENTER743177454 | STATEN ISLAND, NY | $250K | SUPPORT |
| MEDAL OF HONOR FOUNDATION251828488 | MT PLEASANT, NC | $250K | SUPPORT |
| GUARDIAN REVIVAL INC843585765 | STORMVILLE, NY | $200K | SUPPORT |
| THE THOMAS R ELSASSER MEMORIAL SCHO133661508 | NEW YORK, NY | $198K | SUPPORT |
| YOU WERE WORTH IT FOUNDATION923798079 | IRVINE, CA | $108K | SUPPORT |
| VARIOUS UNDER 5000 EACH | — | $105K | SUPPORT |
| THE ANTHONY M VARVARO BELIEVE FOUN880916964 | STATEN ISLAND, NY | $70K | SUPPORT |
| LONG BEACH WATERFRONT WARRIORS264814117 | LONG BEACH, NY | $63K | SUPPORT |
| HOPE IGNITES NEW YORK132990982 | BROOKLYN, NY | $56K | SUPPORT |
| TEAM AMERICAN FREEDOM CO931610257 | PETERSBURG, FL | $50K | SUPPORT |
| GREY BULL RESCUE FOUNDATION CORP993229728 | TAMPA, FL | $50K | SUPPORT |
| LUPUS RESEARCH ALLIANCE582492929 | NEW YORK, NY | $50K | SUPPORT |
| CAPITAL AREA GREENBELT ASSOCIATION251687474 | HARRISBURG, PA | $30K | SUPPORT |
Showing 20 of 44 grants.
Grants to Individuals
| Type | Recipients | Amount |
|---|---|---|
| MORTGAGE PAYMENTS | 311 | $76.6M |
| HOME PURCHASES AND RENOV | 288 | $64.2M |
| FINANCIAL ASSISTANCE | 3,856 | $12.4M |
| LEGACY AWARDS | 854 | $1.3M |
| DISASTER RELIEF | 250 | $1.1M |
| RENTAL ASSISTANCE | 60 | $971K |
| RUSSELL F. MEMORIAL SCHOL | 10 | $98K |
| WINGS OF A HERO | 20 | $29K |
Fundraising & Events(Tax Year 2024)
Stephen Siller Tunnel to Towers Foundation held fundraising events including Golf outings ($4.1M) and Gala ($825K). Stephen Siller Tunnel to Towers Foundation uses 2 professional fundraisers. Fundraisers retained $612K, with $113.5M going to the organization. Firms include VERA DATA, NEW RIVER DIRECT LLC.
Named Events
golf outings
Gross: $4,146,425
gala
Gross: $825,405
Professional Fundraisers
| Firm | Activity | Retained | Net to Org |
|---|---|---|---|
| VERA DATA | DIRECT RES | $550K | $102.1M |
| NEW RIVER DIRECT LLC | DIRECT RES | $61K | $11.4M |
Supplemental Financial Data(Tax Year 2024)
The endowment stands at $75.4M, with $12.9M in new contributions.
Filing History(Tax Years 2003–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $559.4M | $381.1M | $501.1M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $373.0M | $272.2M | $317.9M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $305.3M | $286.8M | $208.9M |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $264.0M | $147.6M | $195.4M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $113.7M | $57.3M | $78.1M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $46.0M | $34.6M | $21.4M |
| 2003–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Stephen Siller Tunnel to Towers Foundation do?
THE MISSION OF THE STEPHEN SILLER TUNNEL TO TOWERS FOUNDATION IS TO HONOR THE SACRIFICE OF FDNY FIREFIGHTER STEPHEN SILLER, AND ALL THOSE WHO LAID DOWN THEIR LIVES TO SAVE OTHERS ON SEPTEMBER 11, 2001. WE ALSO HONOR OUR MILITARY, AND FIRST RESPONDERS WHO CONTINUE TO MAKE THE SUPREME SACRIFICE OF LIFE AND LIMB FOR OUR COUNTRY.
How much revenue does Stephen Siller Tunnel to Towers Foundation have?
Stephen Siller Tunnel to Towers Foundation reported $559,392,887 in total revenue for tax year 2024, up 50.0% from the prior year.
Who is the highest-paid executive at Stephen Siller Tunnel to Towers Foundation?
MATTHEW MAHONEY, EXEC VP DEVE, received $398,962 in total compensation as of tax year 2024.
Is Stephen Siller Tunnel to Towers Foundation a 501(c)(3)?
Yes, Stephen Siller Tunnel to Towers Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is Stephen Siller Tunnel to Towers Foundation located?
Stephen Siller Tunnel to Towers Foundation is headquartered in STATEN ISLAND, NY 10306.
How many employees does Stephen Siller Tunnel to Towers Foundation have?
Stephen Siller Tunnel to Towers Foundation has 390 employees and 4,000 volunteers as of tax year 2024.
What type of nonprofit is Stephen Siller Tunnel to Towers Foundation?
Stephen Siller Tunnel to Towers Foundation is classified under NTEE code B82 (Scholarships & Financial Aid), within the Education category. It is a 501(c)(3) tax-exempt organization.
Is Stephen Siller Tunnel to Towers Foundation audited?
Yes, Stephen Siller Tunnel to Towers Foundation's financial statements are audited, and the organization has an audit committee.
How much does Stephen Siller Tunnel to Towers Foundation spend on fundraising?
Stephen Siller Tunnel to Towers Foundation reported $37,605,686 in fundraising expenses for tax year 2024, which represents 9.9% of total expenses.
Does Stephen Siller Tunnel to Towers Foundation give grants?
Yes, Stephen Siller Tunnel to Towers Foundation distributed $173,102,802 in grants to other organizations and individuals in tax year 2024. Top recipients include SEMPER FI & AMERICA'S FUND, VETERANS MATTER, CHILDREN OF FALLEN PATRIOTS FOUNDAT.
Does Stephen Siller Tunnel to Towers Foundation hold fundraising events?
Stephen Siller Tunnel to Towers Foundation reports fundraising event activities. It uses 2 professional fundraisers.
Data Source
Prepared by: DESANTIS KIEFER SHALL & SARCONE LLP, STATEN ISLAND, NY
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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