The Ahava Foundation
- Assets
- $69.2m
- Revenue
- $13.5m
- Investments
- $59.0m
- Employees
- 0
- Location
- Kearny, NJ
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 13-7118478
Organization Overview
The Ahava Foundation is located in Kearny, NJ. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ahava 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 12/2021, Ahava Foundation generated $13.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $3.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ahava Foundation has awarded 184 individual grants totaling $21,940,977. 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 Sussman Trustee | 0 | $0 | |
Toby Eisenreich Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,585,174 |
| Interest on Savings | $47,457 |
| Dividends & Interest | $1,494,603 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,365,425 |
| Capital Gain Net Income | $8,699,891 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $46,031 |
| Total Revenue | $13,538,690 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $106,409 |
| Taxes | $29,404 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $637,030 |
| Total operating and administrative expenses | $951,205 |
| Contributions, gifts, grants paid | $2,802,508 |
| Total expenses and disbursements | $3,753,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,835,553 |
| 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 | $3,399,981 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $47,011,062 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $19,016 |
| Total assets | $69,246,321 |
| Accounts payable and accrued expenses | $25,626 |
| 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 | $25,626 |
Grants Awarded
Over the last fiscal year, The Ahava Foundation has awarded $3,571,161 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHMENT PURPOSE: CHARITABLE | $956,161 |
CONG KOLLEL KAMINETZ PURPOSE: CHARITABLE | $2,615,000 |