Keren Keshet-The Rainbow Foundation
- Assets
- $212.1m
- Revenue
- $28.9m
- Investments
- $151.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 13-4069592
Organization Overview
Keren Keshet-The Rainbow Foundation is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (T30) the organization is classified as: Public 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. Keren Keshet-The Rainbow 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, Keren Keshet-The Rainbow Foundation generated $28.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 70.9% each year . All expenses for the organization totaled $30.0m during the year ending 12/2021. While expenses have increased by 23.6% per year over the past 3 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 2020, Keren Keshet-The Rainbow Foundation has awarded 104 individual grants totaling $50,966,223. 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 |
|---|---|---|---|
Arthur W Fried President | 20 | $5,833 | |
Mem Dryan Bernstein Vice-Pres & Treasurer | 20 | $20,000 | |
Linda Sakacs Secretary | 40 | $205,132 | |
Nechama Leibowitz Dir. Of Operations | 40 | $166,016 | |
Brendan Delany Office Manager | 40 | $106,405 | |
Ana Aull Office Admin | 40 | $27,934 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Patterson Belknap Webb & Taylor | 12/30/22 | $166,939 |
Ruth R Wisse | 12/30/22 | $75,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,645 |
| Dividends & Interest | $339,956 |
| Net Rental Income | -$169,029 |
| Net Gain on Sale of Assets | $14,937,659 |
| Capital Gain Net Income | $14,937,659 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,618,037 |
| Total Revenue | $28,921,665 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $225,791 |
| Other employee salaries and wages | $461,864 |
| Pension plans, employee benefits | $1,674,975 |
| Interest | $0 |
| Taxes | $683,157 |
| Depreciation | $594,880 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $55,848 |
| Printing and publications | $0 |
| Other expenses | $892,426 |
| Total operating and administrative expenses | $10,261,990 |
| Contributions, gifts, grants paid | $19,710,775 |
| Total expenses and disbursements | $29,972,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,421,758 |
| 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 | $111,012,056 |
| Net Land, buildings, and equipment | $22,343,342 |
| Other assets | $510,782 |
| Total assets | $212,134,789 |
| Accounts payable and accrued expenses | $142,206 |
| Grants payable | $561,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $99,185 |
| Total liabilities | $802,391 |
Grants Awarded
Over the last fiscal year, Keren Keshet-The Rainbow Foundation has awarded $14,071,444 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
1210 SCOTT STREET INC PURPOSE: OPERATING EXPENSES | $295,000 |
AMERICAN ISRAEL EDUCATION FOUNDATION PURPOSE: PROGRAMMING INITIATIVES | $5,000 |
ANGLO-AMERICAN CHARITABLE FOUNDATION PURPOSE: PROGRAMMING INITIATIVES | $5,000 |
AMERICAN FRIENDS OF SOROKA MEDICAL CENTER PURPOSE: OPERATING EXPENSES | $10,000 |
AURA (FISCAL SPONSOR IS VALUE CULTURE) PURPOSE: PROGRAMMING INITIATIVES | $150,000 |
AVI CHAI FOUNDATION PURPOSE: ACCOMODATION/ADMIN GRANT | $47,255 |