Henry Nias Foundation Inc
- Assets
- $45.7m
- Revenue
- $2.0m
- Investments
- $45.6m
- Employees
- 0
- Location
- Melville, NY
- Founding
- 06/1958
- Data as of
- 11/2023
- EIN
- 13-6075785
Organization Overview
Henry Nias Foundation Inc is located in Melville, NY. The organization was established in 1958. 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. Henry Nias 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 11/2023, Henry Nias Foundation Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.9% each year . All expenses for the organization totaled $3.4m during the year ending 11/2023. While expenses have increased by 13.4% per year over the past 7 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles D Fleischman President/director | 40 | $100,000 | |
Richard J Edelman Treasurer/director | 40 | $92,000 | |
Beth Zweibel Secretary/director | 20 | $63,000 | |
Catherine L Edelman Director | 20 | $63,000 | |
Ellen Fleischman-Litsky Director | 20 | $63,000 | |
Victoria E Tate Director | 20 | $63,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $742,292 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,213,306 |
| Capital Gain Net Income | $1,213,306 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,000 |
| Total Revenue | $1,962,598 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $444,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32,070 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,041 |
| Total operating and administrative expenses | $536,829 |
| Contributions, gifts, grants paid | $2,880,000 |
| Total expenses and disbursements | $3,416,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $88,957 |
| 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 | $15,424,670 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $45,686,168 |
| 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, Henry Nias Foundation Inc has awarded $1,212,000 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
VAGELOS COLLEGE OF PHYSICIANS & SURGEONS PURPOSE: GENERAL | $50,000 |
CHILDREN'S HOME OF POUGHKEEPSIE PURPOSE: EDUCATION | $35,000 |
PROJECT BROADWAY PURPOSE: ART PROGRAM | $35,000 |
PALM BEACH SCHOOL OF AUTISM PURPOSE: GENERAL | $35,000 |
92ND STREET Y PURPOSE: MUSIC PROGRAM | $30,000 |
CLINICS CAN HELP PURPOSE: CLINICAL SERVICES | $30,000 |