Allen I Gross Charitable Foundation
- Assets
- $12.0m
- Revenue
- $363.5k
- Investments
- $288.1k
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1988
- Data as of
- 11/2023
- EIN
- 11-2906887
Organization Overview
Allen I Gross Charitable Foundation is located in New York, NY. The organization was established in 1988. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Allen I Gross Charitable Foundation 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 11/2023, Allen I Gross Charitable Foundation generated $363.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $340.8k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Allen I Gross Charitable Foundation has awarded 1,110 individual grants totaling $5,999,210. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen I Gross President | 5 | $0 | |
Edith Gross Trustee | 5 | $0 | |
Brian Gross Trustee | 5 | $0 | |
Jonathan Gross Trustee | 5 | $0 | |
Carolyn Weiser Trustee | 5 | $0 | |
Zahava Hurwitz Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000 |
| Interest on Savings | $262,047 |
| Dividends & Interest | $51,590 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$25,143 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $363,494 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,510 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,203 |
| Total operating and administrative expenses | $45,788 |
| Contributions, gifts, grants paid | $295,052 |
| Total expenses and disbursements | $340,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $522,118 |
| Savings and temporary cash investments | $8,133,084 |
| 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 | $288,123 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,081,680 |
| Total assets | $12,025,027 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,797 |
| Total liabilities | $3,797 |
Grants Awarded
Over the last fiscal year, Allen I Gross Charitable Foundation has awarded $295,052 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
A TIME USA PURPOSE: ASSISTANCE FOR THE NEEDY | $260 |
AGUDIST BENEVOLENT SOCIETY PURPOSE: ASSISTANCE FOR THE NEEDY | $186 |
AGUDATH ISRAEL BAIS BINYOMIN PURPOSE: ASSISTANCE FOR THE NEEDY | $15,842 |
AGUDATH ISRAEL OF AMERICA PURPOSE: ASSISTANCE FOR THE NEEDY | $180 |
BAIS YAAKOV D'RAV MEIR PURPOSE: ASSISTANCE FOR THE NEEDY | $19,000 |
BIKUR CHOLIM ARUGAS HABOSEM PURPOSE: ASSISTANCE FOR THE NEEDY | $100 |