Melly And Rochelle Lifshitz Charitable Tr
- Assets
- $5.7m
- Revenue
- $176.4k
- Investments
- $1.8m
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 02/1997
- Data as of
- 10/2022
- EIN
- 11-6478782
Organization Overview
Melly And Rochelle Lifshitz Charitable Tr is located in Boca Raton, FL. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Melly And Rochelle Lifshitz Charitable Tr 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 10/2022, Melly And Rochelle Lifshitz Charitable Tr generated $176.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (35.1%) each year. All expenses for the organization totaled $187.0k during the year ending 10/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Melly And Rochelle Lifshitz Charitable Tr has awarded 117 individual grants totaling $815,056. 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 |
|---|---|---|---|
Menachum Lifshitz Officer | 0 | $0 | |
Rochelle Lifshitz Officer | 0 | $0 | |
Daniel Lifshitz Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $125,000 |
| Interest on Savings | $34,198 |
| Dividends & Interest | $13,424 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,432 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$17,691 |
| Total Revenue | $176,363 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $58,333 |
| Pension plans, employee benefits | $18,586 |
| Interest | $0 |
| Taxes | $1,101 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,142 |
| Total operating and administrative expenses | $85,162 |
| Contributions, gifts, grants paid | $101,800 |
| Total expenses and disbursements | $186,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,670 |
| Savings and temporary cash investments | $69,870 |
| 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 | $3,750,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $811,003 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,723,549 |
| 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, Melly And Rochelle Lifshitz Charitable Tr has awarded $101,800 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CHABAD AT HARVARD PURPOSE: RELIGIOUS | $3,600 |
CHEVRA SHAAS AND MISHNAYOTH PURPOSE: EDUCATION | $20,000 |
MENTORAH PURPOSE: EDUCATION | $5,500 |
TOMCHEI SHABBOS PURPOSE: HEALTH AND WELFARE | $500 |
YILC PURPOSE: RELIGIOUS | $3,600 |
OUR PLACE PURPOSE: EDUCATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roberta Leventhal Sudakoff Foundation Inc Sarasota, FL | $16,443,302 | $1,313,488 |
Melly And Rochelle Lifshitz Charitable Tr Boca Raton, FL | $5,723,549 | $176,363 |
John J Conefry Jr Foundation Orchid, FL | $340,023 | $16,360 |
Banks Family Foundation Inc Aventura, FL | $114,805 | $50,584 |
Bonner Family Foundation Trust Naples, FL | $146,217 | -$25,265 |