Rackman Foundation Inc

Organization Overview

Rackman Foundation Inc is located in Jamaica, NY. The organization was established in 2009. According to its NTEE Classification (T30) the organization is classified as: Public 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. Rackman 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 12/2021, Rackman Foundation Inc generated $49.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $33.2k during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 7 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 2019, Rackman Foundation Inc has awarded 60 individual grants totaling $272,651. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


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Board, Officers & Key Employees

Name (title)Compensation
Mariya Rackman
Vice President
$0
Ariel Rackman
President
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $49,500
Interest on Savings $0
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $49,500

Grants Awarded

Over the last fiscal year, Rackman Foundation Inc has awarded $32,468 in support to 3 organizations.

Grant RecipientAmount

ISKHAK NIYAZOV

PURPOSE: CONTRIBUTION FOR ASSISTANCE TO INDIGENT FAMILY

$17,367

ARON'S KISSENA FARM

PURPOSE: CONTRIBUTION FOR SUPPORTING THE COMMUNITY

$15,000

OHR AVNER

PURPOSE: CONTRIBUTION FOR SUPPORTING THE COMMUNITY

$101
View Grant Profile

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