Gds Foundation
- Assets
- $607.4k
- Revenue
- $26.7k
- Investments
- $296.9k
- Employees
- 0
- Location
- Spring Valley, NY
- Founding
- 06/2001
- Data as of
- 06/2022
- EIN
- 13-4147796
Organization Overview
Gds Foundation is located in Spring Valley, NY. The organization was established in 2001. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Gds 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 06/2022, Gds Foundation generated $26.7k 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 (24.3%) each year. All expenses for the organization totaled $86.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gds Foundation has awarded 680 individual grants totaling $1,217,707. 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 |
|---|---|---|---|
David Soifer Trustee | 0 | $0 | |
Miriam Soifer Trustee | 0 | $0 | |
Imrich Katz Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,250 |
| Interest on Savings | $16,500 |
| Dividends & Interest | $3,170 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,826 |
| Capital Gain Net Income | $2,826 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,919 |
| Total Revenue | $26,665 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$225 |
| Total operating and administrative expenses | $1,588 |
| Contributions, gifts, grants paid | $85,221 |
| Total expenses and disbursements | $86,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,256 |
| 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 | $274,235 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $33,265 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $607,407 |
| 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, Gds Foundation has awarded $85,221 in support to 111 organizations.
| Grant Recipient | Amount |
|---|---|
KERENHATZOLAH 718-599-1774 NY PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $500 |
A TIME BROOKLYN NY PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $108 |
AHAVAS CHESED LAKEWOOD NJ PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $46 |
AVIR YAKOV 845-362-6600 NY PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $3,036 |
BAIS MEDROSH H SQUARNEW SQUARE NY PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $870 |
BNEI YAKOV YOSEF OF SPRING VALLEY NY PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $500 |