Hyman And Bessie Passman Family Charitable Foundation Inc
- Assets
- $2.4m
- Revenue
- $142.8k
- Investments
- $2.4m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 04/2004
- Data as of
- 12/2022
- EIN
- 20-0657086
Organization Overview
Hyman And Bessie Passman Family Charitable Foundation Inc is located in Cincinnati, OH. The organization was established in 2004. 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. Hyman And Bessie Passman Family Charitable 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 12/2022, Hyman And Bessie Passman Family Charitable Foundation Inc generated $142.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $311.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hyman And Bessie Passman Family Charitable Foundation Inc has awarded 123 individual grants totaling $941,375. 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 |
|---|---|---|---|
Neal E Schear Trustee | 4 | $18,553 | |
Stuart Susskind Trustee | 4 | $18,553 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $412 |
| Dividends & Interest | $65,248 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $77,147 |
| Capital Gain Net Income | $77,147 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $142,807 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,106 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,974 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36 |
| Total operating and administrative expenses | $107,189 |
| Contributions, gifts, grants paid | $204,500 |
| Total expenses and disbursements | $311,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,474 |
| Savings and temporary cash investments | $10,642 |
| 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 | $54,320 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,397,672 |
| 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, Hyman And Bessie Passman Family Charitable Foundation Inc has awarded $204,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BASKET BRIGADE PURPOSE: BEGINS BY PROVIDING COMPLETE THANKSGIVING DINNERS TO LOCAL AREA FAMILIES-IN-NEED, WHILE, AT THE SAME TIME, DELIVERING A MESSAGE OF HOPE, KNOWING THAT THEIR COMMUNITY CARES ABOUT THEM. | $5,000 |
CINCINNATI HILLEL PURPOSE: TO ENRICH THE LIVES OF THESE STUDENTS SO THAT THEY MAY ENRICH THE JEWISH PEOPLE AND THE WORLD | $3,500 |
GOOD SAMARITAN HOSPITAL FOUNDATION PURPOSE: FREE HEALTH CENTER | $5,000 |
INTERFAITH HOSPITALITY NETWORK OF GREATER CINCINNATI PURPOSE: SUPPORT TO PROVIDE EMERGENCY SHELTER FOR FAMILIES EXPERIENCING HOMELESSNESS AND TO ASSIST THEM IN OBTAINING PERMANENT HOUSING | $5,000 |
JEWISH COMMUNITY CENTER PURPOSE: PROVIDE CULTURAL, SOCIAL, EDUCATIONAL, RECREATIONAL PROGRAMS | $5,000 |
JEWISH FEDERATION OF CINCINNATI PURPOSE: TO HELP THOSE IN NEED, FIGHT ANTISEMITISM, AND BUILD FLOURISHING, DIVERSE JEWISH COMMUNITIES IN CINCINNATI, ISRAEL, AND AROUND THE WORLD | $50,000 |