The Sidney M Edelstein Foundation
- Assets
- $2.4m
- Revenue
- $5.0k
- Investments
- $2.4m
- Employees
- 0
- Location
- Short Hills, NJ
- Founding
- 08/1986
- Data as of
- 12/2022
- EIN
- 13-3347784
Organization Overview
The Sidney M Edelstein Foundation is located in Short Hills, NJ. The organization was established in 1986. 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. Sidney M Edelstein Foundation 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, Sidney M Edelstein Foundation generated $5.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (43.2%) each year. All expenses for the organization totaled $603.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sidney M Edelstein Foundation has awarded 86 individual grants totaling $5,984,560. 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 |
|---|---|---|---|
Richard Finkelstein Co Berkowitz Li Director | 0.25 | $0 | |
Roy Jacobs Director | 0.25 | $0 | |
Jeffrey Grossman Director | 0.25 | $0 | |
Karen Sloan Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20 |
| Dividends & Interest | $68,208 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$63,423 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $152 |
| Total Revenue | $4,957 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,436 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $30,971 |
| Contributions, gifts, grants paid | $572,000 |
| Total expenses and disbursements | $602,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,212 |
| Savings and temporary cash investments | $35,327 |
| 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 | $2,362,647 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,400,186 |
| 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, The Sidney M Edelstein Foundation has awarded $572,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN COMMITTEE FOR SHENKAR COLLEGE PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | $100,000 |
AMERICAN FRIENDS OF HEBREW UNIVERSITY PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | $415,000 |
COMMUNITY FOOD BANK OF NEW JERSEY INC PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | $1,500 |
DANIELS MUSIC FOUNDATION PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | $2,500 |
HADASSAH PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | $10,000 |
JOSEPH KUSHNER HEBREW ACADEMY PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATIONS EXEMPT PURPOSE | $2,500 |