Education Foundation For Old Safed Inc
- Assets
- $146.3k
- Revenue
- $63.9k
- Investments
- $98.7k
- Employees
- 0
- Location
- N Woodmere, NY
- Founding
- 07/2002
- Data as of
- 12/2022
- EIN
- 04-3621836
Organization Overview
Education Foundation For Old Safed Inc is located in N Woodmere, NY. The organization was established in 2002. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Foundation For Old Safed Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Education Foundation For Old Safed Inc generated $63.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $92.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Education Foundation For Old Safed Inc has awarded 43 individual grants totaling $516,937. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rabbi Samuel H Solomon President | 10 | $0 | |
Heidi Baron Secretary And Treasurer | 10 | $0 | |
Rabbi Dovid Rhodes Vice President | 10 | $0 | |
Meryl L Solomon President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $53,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,216 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,665 |
| Capital Gain Net Income | $7,665 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,881 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $80 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $906 |
| Total operating and administrative expenses | $38,096 |
| Contributions, gifts, grants paid | $53,900 |
| Total expenses and disbursements | $91,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,976 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $38,706 |
| Total assets | $146,343 |
| Accounts payable and accrued expenses | $1,207 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,207 |
Grants Awarded
Over the last fiscal year, Education Foundation For Old Safed Inc has awarded $53,900 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DAPEI KATOM PURPOSE: GENERAL SUPPORT | $42,000 |
CENTRAL FUND FOR ISRAEL PURPOSE: GENERAL SUPPORT | $6,300 |
PEF ISRAEL ENDOWMENT FUNDS INC PURPOSE: GENERAL SUPPORT | $5,600 |