Celebrating 30 years of helping you give wisely
America's most independent,
assertive charity watchdog
Top Rated

Tunnel to Towers Foundation

CharityWatch report issued
January 2024

Top-Rated Charity
CharityWatch Grade
Our independent grade based
on a number of factors.
Program Percentage
Amount spent on programs
relative to overhead.
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Tunnel to Towers Foundation
2361 Hylan Blvd
Staten Island, NY 10306

Other Names

Stephen Siller Tunnel to Towers Foundation

Tax Status




Stated Mission

To honor the sacrifice of firefighter Stephen Siller, who laid down his life to save others on September 11, 2001. To honor our military and first responders who continue to make the supreme sacrifice of life & limb for our country.

View similar charities
Data based on Fiscal Year Ended 12/31/2022

Program Percentage: 93%

The percentage of Tunnel to Towers Foundation's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).


Calculated Total Expenses



Cost to Raise $100: $5

How many dollars Tunnel to Towers Foundation spends on fundraising to raise each $100 of contributions.


Calculated Total Contributions


Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources


Financial Documents

Entity Document Type Tax ID
Tunnel to Towers Foundation Audited Financial Statements 02-0554654
Tunnel to Towers Foundation IRS Form 990 02-0554654
Entity: Tunnel to Towers Foundation
Document Type: Audited Financial Statements
Tax ID: 02-0554654
Entity: Tunnel to Towers Foundation
Document Type: IRS Form 990
Tax ID: 02-0554654

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
Tunnel to Towers Foundation
meets governance benchmarks.
Tunnel to Towers Foundation
meets transparency benchmarks.
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy No Sharing  

Unable to Provide Salaries

CharityWatch is unable to provide a range of Top Three Salaries for this charity for the above fiscal reporting year because we lack complete salary data for the organization. Except for officers, directors, and trustees, the IRS does not require breakouts of salaries totaling less than $100,000.

For example, XYZ charity would be required to provide a breakout in its tax form of compensation to its president of $55,000, but would not be required to provide a breakout of $99,000 in compensation to its top medical researcher if that person is not also an officer, director, or trustee of the organization.

This charity reports that compensation to its officers, directors, and trustees is under $100,000 per individual. Donors who would like to view limited salary data for this organization should refer to its tax form, which may be available on the charity's web site or from a number of third-party sources. See CharityWatch's Links page for information on obtaining copies of charity tax forms.

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

According to the Stephen Siller Tunnel to Towers Foundation 2022 tax filing, the Foundation reports receiving donated services and use of facilities on which it placed a value of $172,962,789 and contributions of non-cash items on which it placed a value of $3,072,134 (IRS Form 990, Schedule D, Part XI and Schedule M).

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]

According to the Stephen Siller Tunnel to Towers Foundation 2022 tax filing re: the existence of a family or business relationship among officers, directors, trustees, or key employees (IRS Form 990, Part VI, line 2), the Foundation reports relationships among: Frank Siller, President/Chairman/CEO; George Siller, Vice Chair; Mary Scullin, Treasurer and CAO; Regina Vogt, Secretary; and Janis Hannon, Vice Chair. (IRS Form 990, Schedule O)

The Foundation reports that the five individuals listed above are officers and members of the board of directors. The board consisted of seven people at year-end 2022 (IRS Form 990, Part VII).

According to the Stephen Siller Tunnel to Towers Foundation audit of December 31, 2022 (Note 2, Summary of Significant Accounting Policies, Paycheck Protection Program Loan):

"On March 27, 2020, Congress enacted the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act"). The Paycheck Protection Program ("PPP") established by the CARES Act, implemented by the U.S. Small Business Administration ("SBA"), provides businesses, including certain not-for-profit Foundations, with funds to pay payroll and other costs during the coronavirus ("COVID-19") outbreak. During 2020, the Foundation applied for and received PPP funds. 

There are two acceptable methods for accounting for the PPP funds received under the CARES Act. Entities can elect to treat the funds as a loan or as a conditional contribution. The Foundation has elected to record the PPP funds as a conditional contribution under the Financial Accounting Standards Board's (the "FASB") Accounting Standards Codification ("ASC") 958-605. The Foundation received full forgiveness of its PPP loan in 2021 and recognized the revenue as government grant income."

According to the Stephen Siller Tunnel to Towers Foundation audit of December 31, 2022 (Note 14, Related Party Transaction):

"A company owned by the Chairman of the Board of Directors provides the Foundation with its office space in Staten Island, New York. Amounts paid to this company for rent in accordance with the rental agreement were $219,547 and $224,470 for the years ended December 31, 2022, and 2021, respectively."

In addition, according to the Stephen Siller Tunnel to Towers Foundation 2022 tax filing, the Foundation reports for Business Transactions Involving Interested Persons a transaction in the amount of $219,547 involving Frank Siller, Chairman, and is described as "Rent" (IRS Form 990, Schedule L, Part IV).

Related External Articles