Deutsch Family Foundation
- Assets
- $2.6m
- Revenue
- $147.5k
- Investments
- $2.4m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 01/2010
- Data as of
- 12/2023
- EIN
- 26-1619724
Organization Overview
Deutsch Family Foundation is located in Brooklyn, NY. The organization was established in 2010. 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. Deutsch Family 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, Deutsch Family Foundation generated $147.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $98.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (13.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Deutsch Family Foundation has awarded 561 individual grants totaling $2,153,331. 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 |
|---|---|---|---|
David Deutsch President | 1 | $0 | |
Issac Deutsch Treasurer | 1 | $0 | |
Robert Deutsch Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $54,406 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,871 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $147,535 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $655 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $615 |
| Total operating and administrative expenses | $30,565 |
| Contributions, gifts, grants paid | $67,939 |
| Total expenses and disbursements | $98,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,654 |
| Savings and temporary cash investments | $60,856 |
| 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 | $55,013 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,329 |
| Total assets | $2,606,696 |
| 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 | $500 |
| Total liabilities | $500 |
Grants Awarded
Over the last fiscal year, Deutsch Family Foundation has awarded $67,939 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
BONEI OLAM PURPOSE: GENERAL SUPPORT | $100 |
CHOFETZ CHAIM HERITAGE FOUNDATION PURPOSE: GENERAL SUPPORT | $650 |
HEBREW ACADEMY OF CLEVELAND PURPOSE: GENERAL SUPPORT | $50 |
KEREN CHASANIM PURPOSE: GENERAL SUPPORT | $54 |
KOLLEL BEIS TORAH PURPOSE: GENERAL SUPPORT | $500 |
KOLLEL BNEI HAYESHIVOS PURPOSE: GENERAL SUPPORT | $40,090 |