Chesed Foundation
- Assets
- $5.3m
- Revenue
- $673.2k
- Investments
- $5.2m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 05/1997
- Data as of
- 12/2023
- EIN
- 11-3364001
Organization Overview
Chesed Foundation is located in Brooklyn, NY. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Chesed 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 12/2023, Chesed Foundation generated $673.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $531.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Chesed Foundation has awarded 56 individual grants totaling $2,283,482. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
AID TO NEEDY- OVER 500 FAMILIES WERE HELPED
SYNAGOUGE BUILDING FUNDS- PROVIDED GRANTS TO OVER 10 SYNAGOUGES TO ASSIST THEM IN THEIR CHARITABLE ACTIVITIES TO THIER COMMUNITY
DONATIONS TO NON-PROFIT SCHOOLS TO BENEFIT THE NEEDY. OVER 10 SCHOOLS WERE PROVIDED WITH GRANTS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $85,000 |
| Interest on Savings | $588,186 |
| Dividends & Interest | $0 |
| 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 | $673,186 |
| 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 | $219 |
| Total operating and administrative expenses | $1,119 |
| Contributions, gifts, grants paid | $530,174 |
| Total expenses and disbursements | $531,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,581 |
| Savings and temporary cash investments | $0 |
| 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 | $5,182,966 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,270,547 |
| 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, Chesed Foundation has awarded $530,174 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION BETH AHARON PURPOSE: AID TO NEEDY | $13,000 |
UTA BORO PARK PURPOSE: AID TO NEEDY | $29,350 |
CENTRAL UTA PURPOSE: AID TO NEEDY | $26,500 |
CONG MOSDOS SATMAR LINDEN PURPOSE: AID TO NEEDY | $309,800 |
CONG YEREIM SEAGATE PURPOSE: AID TO NEEDY | $7,170 |
UTA MONSEY PURPOSE: AID TO NEEDY | $18,700 |