Abe And Edith Ballonoff Foundation
- Assets
- $1.8m
- Revenue
- $72.2k
- Investments
- $1.7m
- Employees
- 0
- Location
- San Carlos, CA
- Founding
- 03/2005
- Data as of
- 12/2023
- EIN
- 11-3687644
Organization Overview
Abe And Edith Ballonoff Foundation is located in San Carlos, CA. The organization was established in 2005. 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. Abe And Edith Ballonoff 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, Abe And Edith Ballonoff Foundation generated $72.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $125.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Abe And Edith Ballonoff Foundation has awarded 33 individual grants totaling $1,020,500. 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 |
|---|---|---|---|
Lynn Beliak Director | 0 | $0 | |
Tamara Neumeier Director | 0 | $0 | |
Ariel Beliak Director | 0 | $0 | |
Hanan Beliak CEO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $521 |
| Dividends & Interest | $77,819 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,108 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $72,232 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,240 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,485 |
| Total operating and administrative expenses | $17,650 |
| Contributions, gifts, grants paid | $108,000 |
| Total expenses and disbursements | $125,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,108 |
| 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 | $0 |
| Investments—other | $819,781 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,765,661 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $490,036 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,023 |
| Total liabilities | $491,059 |
Grants Awarded
Over the last fiscal year, Abe And Edith Ballonoff Foundation has awarded $108,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HIAS PURPOSE: GENERAL FUND TO HELP REFUGEES | $25,000 |
MAZON PURPOSE: GENERAL FUND TO HELP END HUNGER | $10,000 |
OAKLAND HEBREW DAY SCHOOL PURPOSE: GENERAL FUND FOR ENRICHMENT AND AFTER SCHOOL CLUB | $45,000 |
UC BERKELEY HILLEL COUNCIL PURPOSE: TO PROVIDE FUNDS FOR MEMORIAL RABBINIC CHAIR | $18,000 |
NCSY PURPOSE: GENERAL FUND FOR EDUCATIONAL PROGRAMS | $10,000 |