Asher Pelkis Foundation Inc
- Assets
- $45.9k
- Revenue
- $85.3k
- Investments
- $31.3k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 03/1979
- Data as of
- 12/2022
- EIN
- 13-2969371
Organization Overview
Asher Pelkis Foundation Inc is located in Brooklyn, NY. The organization was established in 1979. 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. Asher Pelkis Foundation Inc 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, Asher Pelkis Foundation Inc generated $85.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (35.2%) each year. All expenses for the organization totaled $200.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Asher Pelkis Foundation Inc has awarded 12 individual grants totaling $1,070,400. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NON APPLICABLE - ALL CONTRIBUTIONS TO IRS SECTION 503(C)3 ORGANIZATION.THIS IS A NON OPERATING FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shlomo Teichman President | 0 | $0 | |
Joseph Teichman Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24 |
| Dividends & Interest | $13,194 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $72,037 |
| Capital Gain Net Income | $72,037 |
| Net ST Capital Gain | $72,037 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,255 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,159 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $151 |
| Total operating and administrative expenses | $20,710 |
| Contributions, gifts, grants paid | $179,400 |
| Total expenses and disbursements | $200,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $990 |
| Savings and temporary cash investments | $13,670 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $45,920 |
| 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 | $1 |
| Total liabilities | $1 |
Grants Awarded
Over the last fiscal year, Asher Pelkis Foundation Inc has awarded $179,400 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BETH JACOB HEBREW TEACHERS COLLEGE PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
AMER FR OF RABBINCAL COLLEGE OF TEL PURPOSE: UNRESTRICTED GENERAL SUPPORT | $17,400 |
KAMENITZER YESHIVA OF JERUSALEM INC PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
BAIS YAAKOV ACADEMY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $100,000 |
OHR ELCHONON PURPOSE: UNRESTRICTED GENERAL SUPPORT | $2,000 |