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 4 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $30.0m during the year ending 12/2021. While expenses have increased by 22.0% per year over the past 4 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 60 individual grants totaling $36,894,779. 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 |
|---|---|---|---|
Linda Sakacs Secretary | 40 | $185,791 | |
Nechama Leibowitz Dir. Of Operations | 40 | $171,642 | |
Brendan Delany Office Manager | 40 | $98,778 | |
Zhanetta Chernyak Bookkeeper | 30 | $41,610 | |
Ana Aull Office Admin | 40 | $23,093 | |
Arthur W Fried President | 20 | $20,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ruth R Wisse | 12/30/21 | $75,000 |
Patterson Belknap Webb & Taylor | 12/30/21 | $82,596 |
Berdon Llp | 12/30/21 | $73,039 |
Ari Hoffman | 12/30/21 | $90,000 |
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 $19,047,142 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
VANGUARD CHARITABLE ENDOWMENT PROGRAM PURPOSE: GENERAL PURPOSE | $13,000,000 |
New York, NY PURPOSE: PROGRAMMING INITIATIVES | $3,000,000 |
KEREN KESHET ISRAEL PURPOSE: OPERATING EXPENSES | $1,802,153 |
New York, NY PURPOSE: OPERATING EXPENSES | $325,000 |
San Francisco, CA PURPOSE: OPERATING EXPENSES | $218,000 |
BBYO PURPOSE: PROGRAMMING INTIATIVES | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kars 4 Kids Inc Lakewood, NJ | $38,564,876 | $109,657,696 |
Bny Mellon Charitable Gift Fund Boston, MA | $342,614,894 | $208,280,795 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Greater Hartford Community Foundation Inc Hartford, CT | $8,414,279 | $22,150,705 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |