Abe & Sylvia Ginsburg Foundation
- Assets
- $850.8k
- Revenue
- $62.1k
- Investments
- $843.8k
- Employees
- 0
- Location
- Fort Lee, NJ
- Founding
- 09/1970
- Data as of
- 12/2022
- EIN
- 23-7077996
Organization Overview
Abe & Sylvia Ginsburg Foundation is located in Fort Lee, NJ. The organization was established in 1970. 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. Abe & Sylvia Ginsburg 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, Abe & Sylvia Ginsburg Foundation generated $62.1k 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 (4.9%) each year. All expenses for the organization totaled $161.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Abe & Sylvia Ginsburg Foundation has awarded 418 individual grants totaling $680,581. 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 |
|---|---|---|---|
Howard Ginsburg Secretary | 1 | $15,000 | |
Bernice Gailing Schwartz Vice-President/treasurer | 1 | $15,000 | |
Jaclyn Hartstein President | 1 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $9,310 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $52,756 |
| Capital Gain Net Income | $52,756 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,067 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| 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 | $7,254 |
| Total operating and administrative expenses | $75,074 |
| Contributions, gifts, grants paid | $86,683 |
| Total expenses and disbursements | $161,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,029 |
| 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 | $843,751 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $850,780 |
| Accounts payable and accrued expenses | $4,126 |
| 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 | $23,703 |
| Total liabilities | $27,829 |
Grants Awarded
Over the last fiscal year, Abe & Sylvia Ginsburg Foundation has awarded $86,683 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: NON-RESTRICTED | $1,332 |
BOYS TOWN JERUSALEM FOUNDATION OF AMERICA PURPOSE: NON-RESTRICTED | $575 |
CHILDREN'S BRAIN TUMOR FOUNDATION PURPOSE: NON-RESTRICTED | $8,015 |
CROHN'S & COLITIS FOUNDATION OF AMERICA PURPOSE: NON-RESTRICTED | $1,500 |
CHIZUK AMUNO CONGREGATION PURPOSE: NON-RESTRICTED | $360 |
DOCTORS WITHOUT BORDERS PURPOSE: NON-RESTRICTED | $2,000 |