Charina Foundation Inc
- Assets
- $9.3m
- Revenue
- $1.2m
- Investments
- $8.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1981
- Data as of
- 08/2023
- EIN
- 13-3050294
Organization Overview
Charina Foundation Inc is located in New York, NY. The organization was established in 1981. 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. Charina 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 08/2023, Charina Foundation Inc generated $1.2m 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 (11.8%) each year. All expenses for the organization totaled $3.2m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Charina Foundation Inc has awarded 820 individual grants totaling $8,374,097. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard L Menschel Chairman/ Part-Time | 0 | $0 | |
Ronay Menschel President/ Part-Time | 0 | $0 | |
Sabina C Menschel Director/ Part-Time | 0 | $0 | |
Celene A Menschel Director/ Part-Time | 0 | $0 | |
Charis M Drant Director/ Part-Time | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $60,693 |
| Dividends & Interest | $1,110,163 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,170,856 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47,286 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,998 |
| Total operating and administrative expenses | $105,584 |
| Contributions, gifts, grants paid | $3,090,497 |
| Total expenses and disbursements | $3,196,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $435,300 |
| 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 | $2,105,313 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,299,144 |
| 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, Charina Foundation Inc has awarded $3,090,497 in support to 266 organizations.
| Grant Recipient | Amount |
|---|---|
A SAFE PLACE PURPOSE: GENERAL SUPPORT | $3,500 |
AMERICAN ACADEMY IN BERLIN PURPOSE: GENERAL SUPPORT | $5,000 |
ADULT CARE SERVICES PURPOSE: GENERAL SUPPORT | $5,000 |
AMERICAN FEDERATION FOR AGING RESEARCH PURPOSE: GENERAL SUPPORT | $7,500 |
AMERICAN ACADEMY IN ROME PURPOSE: GENERAL SUPPORT | $2,500 |
AMERICAN JEWISH COMMITTEE PURPOSE: GENERAL SUPPORT | $15,000 |