Robert & Gail Edelstein Foundation Inc
- Assets
- $2.9m
- Revenue
- $724.0k
- Investments
- $2.9m
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 01/1998
- Data as of
- 04/2024
- EIN
- 13-3948948
Organization Overview
Robert & Gail Edelstein Foundation Inc is located in Palm Beach Gardens, FL. The organization was established in 1998. 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. Robert & Gail Edelstein 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 04/2024, Robert & Gail Edelstein Foundation Inc generated $724.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $640.8k during the year ending 04/2024. While expenses have increased by 17.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Robert & Gail Edelstein Foundation Inc has awarded 603 individual grants totaling $2,612,152. 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 |
|---|---|---|---|
Cari Beth Schnipper President | 2 | $0 | |
Cari Beth Schnipper Treasurer | 2 | $0 | |
Brian Richard Bergman Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $598,853 |
| Interest on Savings | $5,796 |
| Dividends & Interest | $116,451 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,922 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $724,022 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,575 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $45,634 |
| Contributions, gifts, grants paid | $595,161 |
| Total expenses and disbursements | $640,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,473 |
| 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 | $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 | $62,486 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,910,276 |
| 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, Robert & Gail Edelstein Foundation Inc has awarded $595,161 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
ADOLPH ROSE LEVIS JCC PURPOSE: SUPPORT CHARITY'S PURPOSE | $7,077 |
AMERICAN FOUNDATION FOR THE BLIND PURPOSE: SUPPORT CHARITY'S PURPOSE | $1,800 |
AMERICAN FRIENDS OF MAGEN DAVID ADO PURPOSE: SUPPORT CHARITY'S PURPOSE | $3,600 |
ASPCA PURPOSE: SUPPORT CHARITY'S PURPOSE | $3,600 |
ANTI-DEFAMATION LEAGUE PURPOSE: SUPPORT CHARITY'S PURPOSE | $4,282 |
BIRTHRIGHT ISRAEL FOUNDATION PURPOSE: SUPPORT CHARITY'S PURPOSE | $5,400 |