Raymond And Gloria Naftali Foundation
- Assets
- $4.6m
- Revenue
- $50.2k
- Investments
- $3.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2008
- Data as of
- 12/2023
- EIN
- 26-1267667
Organization Overview
Raymond And Gloria Naftali Foundation is located in New York, NY. The organization was established in 2008. 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. Raymond And Gloria Naftali 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 12/2023, Raymond And Gloria Naftali Foundation generated $50.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $252.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Raymond And Gloria Naftali Foundation has awarded 26 individual grants totaling $405,908. 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 |
|---|---|---|---|
Dominick Porto President And Director | 1 | $10,000 | |
Arthur Koplowitz Treasurer And Director | 1 | $0 | |
Salvatore Laspada Director | 1 | $0 | |
Ronald D'amico Director | 1 | $0 | |
Derek Wolman Secretary And Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $65,400 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,198 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,202 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $48 |
| Taxes | $1,666 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $147 |
| Total operating and administrative expenses | $79,346 |
| Contributions, gifts, grants paid | $173,106 |
| Total expenses and disbursements | $252,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,090,282 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,574,112 |
| 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, Raymond And Gloria Naftali Foundation has awarded $173,106 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ALL HALLOWS HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $43,652 |
AMERICAN FRIENDS OF MAXXI PURPOSE: GENERAL SUPPORT | $10,000 |
FRIENDS OF SINAGOGA NER TAMID DEL SUD PURPOSE: GENERAL SUPPORT | $32,321 |
GIRLS WRITE NOW INC PURPOSE: GENERAL SUPPORT | $25,000 |
NEW YORK FOUNDATION FOR THE ARTS PURPOSE: GENERAL SUPPORT | $35,642 |
THE BROTHERHOOD SYNAGOGUE PURPOSE: GENERAL SUPPORT | $26,491 |