The Herman And Jerry Finkelstein Foundation
- Assets
- $694.6k
- Revenue
- $70.6k
- Investments
- $668.2k
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 12/1993
- Data as of
- 02/2024
- EIN
- 23-7690111
Organization Overview
The Herman And Jerry Finkelstein Foundation is located in Philadelphia, PA. The organization was established in 1993. 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. Herman And Jerry Finkelstein 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 02/2024, Herman And Jerry Finkelstein Foundation generated $70.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.6% each year . All expenses for the organization totaled $79.9k during the year ending 02/2024. While expenses have increased by 4.5% per year over the past 4 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 2021, Herman And Jerry Finkelstein Foundation has awarded 55 individual grants totaling $177,920. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS A PRIVATE, NON-OPERATING FOUNDATION, AND AS SUCH, ITS ONLY ACTIVITY IS TO MAKE GRANTS OR CONTRIBUTIONS TO OTHER SECTION 501(C)(3) ORGANIZATIONS,
PRINCIPALLY TO PUBLIC CHARITIES. SEE PART XV, QUESTION 3(A).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark I Rabinowitz ESQ Trustee | 0.1 | $0 | |
Paul Auerbach ESQ Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $148 |
| Dividends & Interest | $24,391 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,110 |
| Capital Gain Net Income | $46,110 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,649 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $578 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $37,265 |
| Contributions, gifts, grants paid | $42,650 |
| Total expenses and disbursements | $79,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $965 |
| Savings and temporary cash investments | $25,481 |
| 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 | $104,858 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $694,626 |
| 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, The Herman And Jerry Finkelstein Foundation has awarded $42,650 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
AISH PHILADELPHIA PURPOSE: FOR UNRESTRICTED USE OF RECIPIENT | $3,000 |
BOYS TOWN JERUSALEM FOUNDATION OF AMERICA PURPOSE: FOR UNRESTRICTED USE OF RECIPIENT | $1,000 |
IMPACT 100 PHILADELPHIA PURPOSE: FOR UNRESTRICTED USE OF RECIPIENT | $1,150 |
ISRAEL GUIDE DOG CENTER FOR THE BLIND PURPOSE: FOR UNRESTRICTED USE OF RECIPIENT | $2,500 |
JACK M BARRACK HEBREW ACADEMY PURPOSE: FOR UNRESTRICTED USE OF RECIPIENT | $3,000 |
MACCABI USA SPORTS OF ISRAEL PURPOSE: FOR UNRESTRICTED USE OF RECIPIENT | $5,400 |