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 7 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 2.6% 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.
Since 2014, Ahava Foundation has awarded 182 individual grants totaling $18,369,816. 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 $2,802,508 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
CONG KOLLEL KAMINETZ PURPOSE: CHARITABLE | $1,415,000 |
PROSPECT PARK GMACH FUND PURPOSE: CHARITABLE | $1,085,000 |
Spring Valley, NY PURPOSE: CHARITABLE | $65,000 |
CONG KEHAL CHASIDY CHERNOBEL PURPOSE: CHARITABLE | $36,000 |
KIMPOTURIN AID PURPOSE: CHARITABLE | $25,136 |
AMUDIM PURPOSE: CHARITABLE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Ahava Foundation Kearny, NJ | $69,246,321 | $13,538,690 |
The Rona Jaffe Foundation Dix Hills, NY | $31,757,116 | $2,944,285 |
Lostand Foundation Inc Cold Spring, NY | $0 | $2,083,089 |
Enterprise Foundation Tr New York, NY | $11,495,685 | $0 |
Shoreland Foundation Inc Lloyd Harbor, NY | $17,307,030 | $9,179,290 |
Gerald And Janet Carrus Foundation Wilmington, DE | $5,331,179 | $423,703 |
Summit Foundation Inc Getzville, NY | $1,308,590 | $48,121 |
Dale Kutnick And Laura Gordon Kutnick Foundation Inc Pennington, NJ | $16,101,991 | $2,420,688 |
Roe Foundation Inc New York, NY | $4,790,106 | $5,727,059 |
Dreams R Us Foundation Shoreham, NY | $16,620,968 | $1,291,461 |
Virginia Cretella Mars Foundation New York, NY | $17,242,277 | $1,956,099 |
Ira M Resnick Foundation Inc New York, NY | $804,882 | $1,000,085 |