Jay & Hadasa Pomrenze Foundation
- Assets
- $1.5m
- Revenue
- $496.3k
- Investments
- $343.6k
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1987
- Data as of
- 12/2022
- EIN
- 22-2905892
Organization Overview
Jay & Hadasa Pomrenze Foundation is located in New York, NY. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Jay & Hadasa Pomrenze 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 12/2022, Jay & Hadasa Pomrenze Foundation generated $496.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 44.4% each year . All expenses for the organization totaled $310.3k during the year ending 12/2022. While expenses have increased by 6.2% per year over the past 8 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, Jay & Hadasa Pomrenze Foundation has awarded 203 individual grants totaling $2,213,896. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Pomrenze President | 1 | $0 | |
Hadasa Pomrenze Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $84 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $495,246 |
| Capital Gain Net Income | $495,246 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $496,330 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $4,750 |
| Contributions, gifts, grants paid | $305,516 |
| Total expenses and disbursements | $310,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,880 |
| 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 | $343,600 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $867,797 |
| Total assets | $1,479,277 |
| 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, Jay & Hadasa Pomrenze Foundation has awarded $305,516 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
BETH DIN OF AMERICA PURPOSE: TO AID DONEE ORGANIZATIONS IN CARRYING OUT THEIR EXEMPT FUNCTIONS | $1,800 |
AMERICAN FRIENDS OF MATAN PURPOSE: TO AID DONEE ORGANIZATIONS IN CARRYING OUT THEIR EXEMPT FUNCTIONS | $10,000 |
FRIENDS OF NEVE MICHAEL PURPOSE: TO AID DONEE ORGANIZATIONS IN CARRYING OUT THEIR EXEMPT FUNCTIONS | $10,000 |
JEWISH BOOK TRUST PURPOSE: TO AID DONEE ORGANIZATIONS IN CARRYING OUT THEIR EXEMPT FUNCTIONS | $6,000 |
JGIVE FRIENDS OF ASOR PURPOSE: TO AID DONEE ORGANIZATIONS IN CARRYING OUT THEIR EXEMPT FUNCTIONS | $3,600 |
KAV L'NOAR FOUNDATION PURPOSE: TO AID DONEE ORGANIZATIONS IN CARRYING OUT THEIR EXEMPT FUNCTIONS | $4,500 |