Charles D Farber Memorial Foundation Inc
- Assets
- $1.0m
- Revenue
- $43.9k
- Investments
- $926.4k
- Employees
- 0
- Location
- Southampton, NY
- Founding
- 05/1969
- Data as of
- 12/2022
- EIN
- 23-7017599
Organization Overview
Charles D Farber Memorial Foundation Inc is located in Southampton, NY. The organization was established in 1969. 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. Charles D Farber Memorial 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, Charles D Farber Memorial Foundation Inc generated $43.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $246.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Charles D Farber Memorial Foundation Inc has awarded 159 individual grants totaling $1,010,126. 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
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Gelman Director | 0 | $0 | |
Corey Gelman Director | 12.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,614 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,243 |
| Capital Gain Net Income | $15,243 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,857 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $923 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,207 |
| Total operating and administrative expenses | $46,630 |
| Contributions, gifts, grants paid | $200,260 |
| Total expenses and disbursements | $246,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $98,397 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,024,756 |
| 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, Charles D Farber Memorial Foundation Inc has awarded $200,260 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
MAKE A WISH FOUNDATION PURPOSE: CHARITABLECONTRIBUTION | $9,500 |
GABRIELLE'S ANGEL FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $9,000 |
NEW YORKERS FOR CHILDREN PURPOSE: CHARITABLE CONTRIBUTION | $19,000 |
JEWISH CENTER OF MORICHES PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |
STUDIO 620 PURPOSE: CHARITABLE CONTRIBUTION | $150 |
NEW HOPE BAPTIST CHURCH PURPOSE: CHARITABLECONTRIBUTION | $5,000 |