Chester Foundation Tr
- Assets
- $7.6m
- Revenue
- $928.5k
- Investments
- $6.7m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 08/2008
- Data as of
- 09/2023
- EIN
- 11-6624349
Organization Overview
Chester Foundation Tr is located in Brooklyn, NY. The organization was established in 2008. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Chester Foundation 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 09/2023, Chester Foundation Tr generated $928.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.2%) each year. All expenses for the organization totaled $477.7k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Chester Foundation Tr has awarded 48 individual grants totaling $865,154. 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 |
|---|---|---|---|
Harry Gold Trustee | 0.5 | $0 | |
Esther Gold Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $681,871 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $130,921 |
| Capital Gain Net Income | $130,921 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $115,736 |
| Total Revenue | $928,528 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $12,904 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $127,482 |
| Contributions, gifts, grants paid | $350,264 |
| Total expenses and disbursements | $477,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $898,476 |
| 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 | $6,667,762 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,566,238 |
| 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, Chester Foundation Tr has awarded $350,264 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION BETH OSHER PURPOSE: GENERAL | $101 |
CONGREGATION ATZEI CHAIM SIGET PURPOSE: GENERAL | $1,851 |
CHESED OF WEST PALM BEACH PURPOSE: GENERAL | $360 |
CONGREGATION EZRAZ SHULEM PURPOSE: GENERAL | $250 |
FIDELITY CHARITABLE PURPOSE: GENERAL | $321,000 |
INT'L COMMETTEE FOR THE PRESERVATION OF HAR HAZEITZEM PURPOSE: GENERAL | $101 |