Mashitz Family Charitable Foundation
- Assets
- $53.2k
- Revenue
- $182.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Monsey, NY
- Founding
- 08/1997
- Data as of
- 12/2021
- EIN
- 13-3939863
Organization Overview
Mashitz Family Charitable Foundation is located in Monsey, NY. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mashitz Family Charitable 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 12/2021, Mashitz Family Charitable Foundation generated $182.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $161.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS TO SECTION 501(C)(3) ORGANIZATIONS
PURCHASE OF WEDDING GOWNS TO LOAN TO NEEDY RECIPIENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isaac Mashitz Trustee | 0 | $0 | |
Rebecca Mashitz Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $182,661 |
| Interest on Savings | $2 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $284 |
| Capital Gain Net Income | $284 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $182,947 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,304 |
| Total operating and administrative expenses | $5,321 |
| Contributions, gifts, grants paid | $156,048 |
| Total expenses and disbursements | $161,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,399 |
| 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 | $11,800 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $53,199 |
| 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, Mashitz Family Charitable Foundation has awarded $152,051 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SECTION 501(C)3 ORGANIZATIONS PURPOSE: CHARITABLE AND RELIGIOUS | $140,886 |
VARIOUS PURPOSE: SECOND HAND CLOTHING PURCHASED FOR INDIGENT FAMILIES | $11,165 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Mayanot Institute Inc New York, NY | $1,023,168 | $4,053,714 |
Four-Four Foundation Inc New York, NY | $21,732,131 | $6,162,056 |
Jkw Foundation Tr Ua 092597 New York, NY | $38,873,662 | $1,124,358 |
New England Region Volleyball Association Inc North Andover, MA | $1,524,058 | $3,442,158 |
Bristol County Savings Charitable Foundation Inc Taunton, MA | $0 | $5,133,523 |
Olean General Hospital Foundation Olean, NY | $48,066,140 | $6,076,941 |
Agudath Israel Of America Foundation New York, NY | $3,877,624 | $1,631,561 |
Cranaleith Spiritual Center Philadelphia, PA | $5,535,511 | $615,387 |
Adam R Rose Foundation New York, NY | $2,822,495 | $728,738 |
Westmoreland Human Services Inc Greensburg, PA | $2,474,468 | $644,876 |
Martha Lloyd Services Inc Troy, PA | $1,951,761 | $271,501 |
Harold D Wetterberg Foundation Morristown, NJ | $2,164,308 | $366,268 |