Tikvah Fund
- Assets
- $103.0m
- Revenue
- $6.3m
- Investments
- $97.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1992
- Data as of
- 12/2020
- EIN
- 13-3676152
Organization Overview
Tikvah Fund is located in New York, NY. The organization was established in 1992. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tikvah Fund 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 12/2020, Tikvah Fund generated $6.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $16.4m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Tikvah Fund has awarded 30 individual grants totaling $11,573,792. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROGRAMS, CONTENT CREATION, AND PUBLISHING AIMED AT FOSTERING AND ENHANCING JEWISH CULTURE, RELIGION, HISTORY, ECONOMICS, LAW AND SOCIAL POLICY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric S Cohen CEO | 45 | $375,000 | |
Mark E Gottlieb Senior Director | 45 | $340,000 | |
Neal Kozodoy Senior Editor | 45 | $300,052 | |
Jonathan Mayer CFO | 45 | $288,167 | |
Hershel Lutch Cfo/coo | 45 | $269,250 | |
Andrew S Savage Cdo | 45 | $218,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ruth Wisse | 12/30/21 | $140,000 |
Red Edge Llc | 12/30/21 | $182,724 |
Jacob A Howland | 12/30/21 | $120,639 |
Patterson Belknap Webb & Tyler Llp | 12/30/21 | $81,643 |
Plutus Nonprofit Solutions | 12/30/21 | $122,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,445,814 |
| Interest on Savings | $124 |
| Dividends & Interest | $1,539,465 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$240,634 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $322,081 |
| Other Income | $204,135 |
| Total Revenue | $6,270,985 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $5,028,976 |
| Pension plans, employee benefits | $1,383,870 |
| Interest | $0 |
| Taxes | $24,000 |
| Depreciation | $213,639 |
| Occupancy | $733,873 |
| Travel, conferences, and meetings | $30,419 |
| Printing and publications | $14,142 |
| Other expenses | $6,050,688 |
| Total operating and administrative expenses | $13,936,353 |
| Contributions, gifts, grants paid | $2,444,000 |
| Total expenses and disbursements | $16,380,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,021,483 |
| Savings and temporary cash investments | $0 |
| 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 | $664,773 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $276,846 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,434,545 |
| Other assets | $0 |
| Total assets | $103,047,859 |
| Accounts payable and accrued expenses | $800,111 |
| 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 | $800,111 |
Grants Awarded
Over the last fiscal year, Tikvah Fund has awarded $2,460,439 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SHALEM COLLEGE PURPOSE: GENERAL SUPPORT | $2,400,000 |
HIECHAL HATORAH PURPOSE: SPECIFIC PROGRAM | $24,000 |
MIFALEI CHINUH PURPOSE: GENERAL SUPPORT | $18,439 |
Passaic, NJ PURPOSE: SPECIFIC PROGRAM | $12,000 |
Brookline, MA PURPOSE: SPECIFIC PROGRAM | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tikvah Fund has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Strauss Foundation Incorporated Owings Mills, MD PURPOSE: EDUCATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Catholic Schools Foundation Inc Boston, MA | $110,171,239 | $27,305,892 |