Wolf Family Foundation Inc
- Assets
- $835.9k
- Revenue
- $2.9k
- Investments
- $141.3k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 07/1992
- Data as of
- 12/2021
- EIN
- 11-2988920
Organization Overview
Wolf Family Foundation Inc is located in Brooklyn, NY. The organization was established in 1992. 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. Wolf Family Foundation 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 12/2021, Wolf Family Foundation Inc generated $2.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $115.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wolf Family Foundation Inc has awarded 107 individual grants totaling $1,033,524. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE TO CHARITABLE ORGANIZATION TO PROVIDE SOCIAL, EDUCATIONAL, AND YOUTH SERVICES
ASSITANCE TO CHARITABLE ORGANIZATION TO SUPPORT THEIR MISSION
ASSISTANCE TO EDUCATIONAL INSTITUTION TO SUPPORT MISSION TO PROVIDE EDUCATIONAL SERVICES
ASSISTANCE TO CHARITY TO SUPPORT MISSION TO HELP POOR FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raquel Wolf Sec | 2 | $0 | |
Gershon Ginsburg Vice Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,946 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,946 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $299 |
| Total operating and administrative expenses | $299 |
| Contributions, gifts, grants paid | $114,938 |
| Total expenses and disbursements | $115,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $224,218 |
| 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 | $470,425 |
| 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 | -$25 |
| Total assets | $835,897 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Wolf Family Foundation Inc has awarded $114,938 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS CHARITIES PURPOSE: ASSITANCE TO CHARITABLE ORGANIZATIONS TO SUPPORT THEIR MISSION | $37,888 |
New York, NY PURPOSE: ASSISTANCE TO CHARITABLE ORGANIZATION TO PROVIDE SOCIAL, EDUCATIONAL, AND YOUTH SERVICES | $10,000 |
Lakewood, NJ PURPOSE: ASSITANCE TO CHARITABLE ORGANIZATION TO SUPPORT THEIR MISSION | $7,500 |
TORAH UMSORAH PURPOSE: ASSISTANCE TO EDUCATIONAL INSTITUTION TO SUPPORT MISSION TO PROVIDE EDUCATIONAL SERVICES | $6,000 |
CHASADIM TOVIM PURPOSE: ASSISTANCE TO CHARITY TO SUPPORT MISSION TO HELP POOR FAMILIES | $5,200 |
Miami Beach, FL PURPOSE: ASSITANCE TO CHARITABLE ORGANIZATION TO SUPPORT THEIR MISSION | $3,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |