Solomon & Machla Tzedaka Fund Tr
- Assets
- $3.7m
- Revenue
- $658.4k
- Investments
- $3.6m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 02/1999
- Data as of
- 11/2023
- EIN
- 11-6516261
Organization Overview
Solomon & Machla Tzedaka Fund Tr is located in Brooklyn, NY. The organization was established in 1999. 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. Solomon & Machla Tzedaka Fund 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 11/2023, Solomon & Machla Tzedaka Fund Tr generated $658.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $172.3k during the year ending 11/2023. While expenses have increased by 7.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Solomon & Machla Tzedaka Fund Tr has awarded 60 individual grants totaling $2,203,540. 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 |
|---|---|---|---|
Solomon Abramczyk Trustee | 0 | $0 | |
Machla Abramyczk Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $505,203 |
| Interest on Savings | $0 |
| Dividends & Interest | $74,004 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $90,322 |
| Capital Gain Net Income | $90,322 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$11,086 |
| Total Revenue | $658,443 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,972 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $5,202 |
| Contributions, gifts, grants paid | $167,100 |
| Total expenses and disbursements | $172,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $64,292 |
| 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 | $3,609,940 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,674,232 |
| 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, Solomon & Machla Tzedaka Fund Tr has awarded $167,100 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HATZALAH PURPOSE: CHARITABLE | $18,000 |
VARIOUS CHARITIES PURPOSE: CHARITABLE | $42,300 |
YESHIVA KETANA OF LAKEWOOD PURPOSE: CHARITABLE | $4,300 |
PROSPECT SHUL PURPOSE: CHARITABLE | $30,000 |
CONG TORAH CHAIM PURPOSE: CHARITABLE | $10,000 |
KHAL TALLYMAWR SHTIEBEL INC PURPOSE: CHARITABLE | $62,500 |