Harry & Jane Fischel Foundation
- Assets
- $19.0m
- Revenue
- $1.6m
- Investments
- $5.9m
- Employees
- 0
- Location
- Forest Hills, NY
- Founding
- 05/1941
- Data as of
- 12/2022
- EIN
- 13-5677832
Organization Overview
Harry & Jane Fischel Foundation is located in Forest Hills, NY. The organization was established in 1941. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Harry & Jane Fischel 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 12/2022, Harry & Jane Fischel Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (26.9%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Harry & Jane Fischel Foundation has awarded 63 individual grants totaling $3,464,104. 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 |
|---|---|---|---|
Seth M Goldstein President / Director | 0.5 | $0 | |
Rabbi Aaron Reichel Board Secretary Director A | 12 | $36,098 | |
Deborah Stepelman Director | 0.3 | $0 | |
Rabbi Hillel Reichel 1st Vice-President And Dir | 0.4 | $16,000 | |
Jonathan Kraus Director | 0.3 | $0 | |
Chaim Stepelman 2nd Vice-President And Dir | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,965 |
| Interest on Savings | $549 |
| Dividends & Interest | $155,853 |
| Net Rental Income | $434,800 |
| Net Gain on Sale of Assets | $36,467 |
| Capital Gain Net Income | $36,467 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,550,205 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $52,098 |
| Other employee salaries and wages | $59,424 |
| Pension plans, employee benefits | $46,763 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $315,173 |
| Occupancy | $17,400 |
| Travel, conferences, and meetings | $12,455 |
| Printing and publications | $0 |
| Other expenses | $640,404 |
| Total operating and administrative expenses | $1,161,717 |
| Contributions, gifts, grants paid | $1,085,419 |
| Total expenses and disbursements | $2,247,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,929 |
| Savings and temporary cash investments | $223,545 |
| 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 | $175,393 |
| Net Investments - land, buildings, equipment | $12,576,381 |
| Investments—mortgage loans | $0 |
| Investments—other | $151,280 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $38,702 |
| Total assets | $19,019,175 |
| Accounts payable and accrued expenses | $202,343 |
| 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 | $124,183 |
| Total liabilities | $326,526 |
Grants Awarded
Over the last fiscal year, Harry & Jane Fischel Foundation has awarded $1,612,419 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
CHABAD CHESED PURPOSE: GENERAL CONTRIBUTION | $3,000 |
BAIS AHRON VYISROEL PURPOSE: GENERAL CONTRIBUTION | $5,000 |
CONGREGATION OHR HATORAH PURPOSE: GENERAL CONTRIBUTION | $360 |
FRIENDS OF UNITED HATZALAH PURPOSE: GENERAL CONTRIBUTION | $333,000 |
CONGREGATION ADATH YESHURUN OF KEW GARDENS PURPOSE: GENERAL CONTRIBUTION | $1,000 |
JEWISH SOUL PURPOSE: GENERAL CONTRIBUTION | $15,000 |