Herman Auerbach Memorial Fund Trust 2
- Assets
- $2.9m
- Revenue
- $127.9k
- Investments
- $2.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1972
- Data as of
- 12/2022
- EIN
- 13-6307278
Organization Overview
Herman Auerbach Memorial Fund Trust 2 is located in New York, NY. The organization was established in 1972. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Herman Auerbach Memorial Fund Trust 2 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, Herman Auerbach Memorial Fund Trust 2 generated $127.9k 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 (30.7%) each year. All expenses for the organization totaled $302.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Herman Auerbach Memorial Fund Trust 2 has awarded 49 individual grants totaling $623,511. 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 |
|---|---|---|---|
Deutsche Trust Company Na Trustee | 3 | $39,647 | |
Victor Smallberg Co-Trustee | 2 | $13,215 | |
Ralph Smallberg Co-Trustee | 2 | $13,215 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $87,635 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,265 |
| Capital Gain Net Income | $40,265 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $127,900 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $66,077 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $425 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $69,026 |
| Contributions, gifts, grants paid | $233,830 |
| Total expenses and disbursements | $302,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $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 | $2,907,159 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,907,159 |
| 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, Herman Auerbach Memorial Fund Trust 2 has awarded $233,830 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
STEELE ELEMENTARY SCHOOL PTA PURPOSE: GENERAL OPERATING | $1,000 |
YMCA OF THE EAST BAY PURPOSE: GENERAL OPERATING | $6,830 |
PLAZA ELEMENTARY SCHOOL PTA PURPOSE: GENERAL OPERATING | $1,000 |
BALDWIN UNION SCHOOL DIST PURPOSE: GENERAL OPERATING | $77,000 |
MEADOW ELEMENTARY SCHOOL PTA PURPOSE: GENERAL OPERATING | $1,000 |
BROOKSIDE ELEMENTARY SCHOOL PTA PURPOSE: GENERAL OPERATING | $1,000 |