Terumah Foundation Inc
- Assets
- $73.5m
- Revenue
- $1.8m
- Investments
- $60.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1993
- Data as of
- 12/2022
- EIN
- 13-3694180
Organization Overview
Terumah Foundation Inc is located in New York, NY. The organization was established in 1993. 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. Terumah 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, Terumah Foundation Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 38.6% each year . All expenses for the organization totaled $2.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Terumah Foundation Inc has awarded 223 individual grants totaling $10,582,267. 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
NOT APPLICABLE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Moses Marx President | 1 | $0 | |
Joseph Fink Vice Pres | 1 | $0 | |
Philippe Katz Secretary | 1 | $0 | |
Marga Marx Treasurer | 0 | $0 | |
Eva Fink Director | 0 | $0 | |
Esther Katz Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,000 |
| Interest on Savings | $9,506 |
| Dividends & Interest | $3,692,159 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,117,429 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $222,225 |
| Total Revenue | $1,846,461 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $102 |
| Taxes | $155,589 |
| Depreciation | $0 |
| Occupancy | $24,608 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,570 |
| Total operating and administrative expenses | $213,369 |
| Contributions, gifts, grants paid | $2,290,348 |
| Total expenses and disbursements | $2,503,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $391,759 |
| Savings and temporary cash investments | $7,086,633 |
| 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 | $3,082,709 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $1,980,901 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,222 |
| Total assets | $73,479,075 |
| 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, Terumah Foundation Inc has awarded $2,290,348 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
MILECHES SHEMAYIM PURPOSE: GENERAL SUPPORT | $100 |
YESHIVA GEDOLAH KEREN HATORAH INC PURPOSE: GENERAL SUPPORT | $100 |
CONGREGATION B'NAI EMOUNAH PURPOSE: GENERAL SUPPORT | $180 |
SHALOM TORAH CENTERS PURPOSE: GENERAL SUPPORT | $180 |
MORIAH SCHOOL PURPOSE: GENERAL SUPPORT | $180 |
NJOP PURPOSE: GENERAL SUPPORT | $250 |