Tov V Chesed Foundation
- Assets
- $6.9m
- Revenue
- $330.7k
- Investments
- $4.7m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 11-3407656
Organization Overview
Tov V Chesed Foundation is located in Brooklyn, NY. The organization was established in 2001. 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. Tov V 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 12/2022, Tov V Chesed Foundation generated $330.7k 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 (7.8%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Tov V Chesed Foundation has awarded 88 individual grants totaling $3,563,214. 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 |
|---|---|---|---|
Abraham Stern Trustee | 0 | $0 | |
Jacob Stern Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $330,725 |
| 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 | $330,725 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,173 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,580,260 |
| Total operating and administrative expenses | $1,622,531 |
| Contributions, gifts, grants paid | $336,200 |
| Total expenses and disbursements | $1,958,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,265,418 |
| 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 | $4,660,393 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,925,811 |
| 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 | $706,858 |
| Total liabilities | $706,858 |
Grants Awarded
Over the last fiscal year, Tov V Chesed Foundation has awarded $336,200 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
YESHIVA OF KASHO PURPOSE: CHARITABLE | $6,000 |
CENTRAL CHARITY INSTITUTE PURPOSE: CHARITABLE | $54,000 |
VARIOUS ORGANIZATIONS PURPOSE: CHARITABLE | $3,600 |
CONGREGATION YOEL MOSHE PURPOSE: CHARITABLE | $5,000 |
TOMCHEI SHABBOS PURPOSE: CHARITABLE | $24,000 |
KOLLEL LEV YAAKOV PURPOSE: CHARITABLE | $148,500 |