Educational Support Foundation Inc
- Assets
- $39.4m
- Revenue
- $1.8m
- Investments
- $37.2m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 01/1963
- Data as of
- 05/2020
- EIN
- 13-6159760
Organization Overview
Educational Support Foundation Inc is located in Brooklyn, NY. The organization was established in 1963. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Educational Support 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 05/2020, Educational Support Foundation Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $1.8m during the year ending 05/2020. 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 |
|---|---|---|---|
Rachel Beer Vice President | 0 | $0 | |
Manuel Scharf President | 0 | $0 | |
Willy Beer Treasurer | 0 | $0 | |
Yisroel Scharf Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $344,593 |
| Net Rental Income | $15,618 |
| Net Gain on Sale of Assets | -$93,211 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,519,133 |
| Total Revenue | $1,818,478 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $60,388 |
| Depreciation | $290 |
| Occupancy | $17,725 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $120,004 |
| Total operating and administrative expenses | $202,921 |
| Contributions, gifts, grants paid | $1,561,570 |
| Total expenses and disbursements | $1,764,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $443,659 |
| 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 | $1,771,898 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $3,046 |
| Investments—mortgage loans | $28,595,321 |
| Investments—other | $8,626,646 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $39,440,570 |
| 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 | $20,000 |
| Total liabilities | $20,000 |
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|---|---|---|
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College Achieve Public Charter Schools Inc Tinton Falls, NJ | $2,920,283 | $10,421,988 |
Friends Of Hellenic Classical Charter Schools Inc Brooklyn, NY | $82,915,888 | $678,941 |
Massachusetts Green High Performance Computing Center Inc Holyoke, MA | $16,995,884 | $7,668,165 |
Student Achievement Partners Inc New York, NY | $8,247,794 | $7,455,301 |
Vmc Indemnity Company Inc Burlington, VT | $100,648,707 | $14,545,433 |
Kingston Educational Holdings 1 Inc Newark, NJ | $70,775,295 | $5,822,683 |
Uka Facilities Foundation Inc New York, NY | $167,163,417 | $25,000 |
Association Of Theological Schools Pittsburgh, PA | $47,043,534 | $8,843,777 |