Doctor Theodore A Atlas Foundation Inc
- Assets
- $1.6m
- Revenue
- $549.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Staten Island, NY
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 13-4012789
Organization Overview
Doctor Theodore A Atlas Foundation Inc is located in Staten Island, NY. The organization was established in 1999. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Doctor Theodore A Atlas Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Doctor Theodore A Atlas 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 12/2021, Doctor Theodore A Atlas Foundation Inc generated $549.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $505.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HONOR THE MEMORY OF DR. THEODORE A. ATLAS SR, MD. AS A COMMUNITY SERVICE ORGANIZATION IT PROVIDES FINANCIAL AND EMOTIONAL SUPPORT TO INDIVIDUALS AND ORGANIZATIONS IN NEED AND FOCUSES PARTICULARLY ON THE NEEDS OF CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING CHARITABLE WORKS - 45 GRANTS WERE MADE TO PROMOTE CHARITABLE WORKS.
PROMOTING COMMUNITY SERVICE ORIENTED ACTIVITIES - 27 GRANTS WERE MADE TO PROMOTE AND HELP COMMUNITY NEEDS AND ACTIVITIES.
PROMOTING EDUCATION - 7 WERE MADE TO PROMOTE EDUCATION AND SPORTS.
PROMOTING SPORTS - 1 GRANTS WERE MADE TO PROMOTE YOUTH SPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore Atlas III Director | Trustee | $0 | |
Joseph Fama Director | Trustee | $0 | |
Giana Gigante Secretary | Trustee | $0 | |
Pasquale Russo Director | Trustee | $0 | |
Elaine Atlas Treasurer | Trustee | $0 | |
Howard Katz Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $190,222 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,316 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,538 |
| Total Program Service Revenue | $0 |
| Investment income | $5,732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $270,496 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $549,766 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $143,769 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,448 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,253 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $200,250 |
| Advertising and promotion | $2,800 |
| Office expenses | $33,891 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,757 |
| All other expenses | $0 |
| Total functional expenses | $505,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,339,190 |
| Savings and temporary cash investments | $28,302 |
| Pledges and grants receivable | $174,058 |
| Accounts receivable, net | $36,935 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,600 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,380 |
| Total assets | $1,584,465 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $17,927 |
| Other liabilities | $31,259 |
| Total liabilities | $49,186 |
| Net assets without donor restrictions | $1,535,143 |
| Net assets with donor restrictions | $136 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,584,465 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Doctor Theodore A Atlas Foundation Inc has recieved totaling $27,264.
| Awarding Organization | Amount |
|---|---|
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $11,718 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $8,000 |
Richmond County Savings Foundation Staten Island, NY PURPOSE: 25TH ANNUAL TEDDY DINNER | $5,000 |
Louis & Martha Silver Foundation Purchase, NY PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $1,000 |
Central Soup Society Of Philadelphia Richmond, VA PURPOSE: GENERAL PURPOSE OF DONEE | $700 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold Grinspoon Foundation Agawam, MA | $968,665,027 | $58,159,410 |
General Professional Liability Lass Fund Trust Agreement Pittsburgh, PA | $165,577,722 | $37,293,555 |
Jader Trust 4 New York, NY | $1,054,851,689 | $157,383,970 |
Rockefeller Family Fund Inc New York, NY | $156,631,848 | $43,772,368 |
Shapiro-Silverberg Foundation New York, NY | $41,665,129 | $24,069,378 |
Hess Philanthropic Fund New York, NY | $231,447,732 | $32,591,174 |
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |