Ostrovsky Family Fund Inc
- Assets
- $1.1m
- Revenue
- $695.8k
- Investments
- $832.3k
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1987
- Data as of
- 12/2023
- EIN
- 13-3389580
Organization Overview
Ostrovsky Family Fund Inc is located in New York, NY. The organization was established in 1987. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ostrovsky Family Fund 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 12/2023, Ostrovsky Family Fund Inc generated $695.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $340.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ostrovsky Family Fund Inc has awarded 53 individual grants totaling $2,268,228. 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 |
|---|---|---|---|
Vivian Ostrovsky Director And President | 1 | $0 | |
Ilan Kwiat Director | 1 | $0 | |
Ken Nochimson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $586,856 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,119 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,844 |
| Capital Gain Net Income | $84,844 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $695,819 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,124 |
| Total operating and administrative expenses | $147,514 |
| Contributions, gifts, grants paid | $192,930 |
| Total expenses and disbursements | $340,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,150 |
| Savings and temporary cash investments | $25,061 |
| 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 | $100,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,116,521 |
| 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, Ostrovsky Family Fund Inc has awarded $192,930 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIACAO CULTURAL VIDEOBRASIL PURPOSE: CHARITABLE | $133,000 |
CITY COLLEGE 21 CENTURY PURPOSE: CHARITABLE | $12,000 |
ARTIS CONTEMPORARY ISRAELI ART FUND PURPOSE: CHARITABLE | $4,300 |
JERUSALEM FOUNDATION INC PURPOSE: CHARITABLE | $21,480 |
FRIENDS OF FONDATION DE FRANCE PURPOSE: CHARITABLE | $10,000 |
PEF ISRAEL ENDOWMENT FUND PURPOSE: CHARITABLE | $12,150 |