Gelb Family Foundation
- Assets
- $668.0
- Revenue
- $10.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 04/2010
- Data as of
- 11/2023
- EIN
- 27-1573157
Organization Overview
Gelb 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. Gelb 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 11/2023, Gelb Family Foundation generated $10.0k 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 (31.5%) each year. All expenses for the organization totaled $102.8k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gelb Family Foundation has awarded 191 individual grants totaling $1,329,338. 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 |
|---|---|---|---|
Thomas Gelb Trustee | 1 | $0 | |
Perrie Gelb Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| 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 | $10,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $221 |
| Total operating and administrative expenses | $271 |
| Contributions, gifts, grants paid | $102,510 |
| Total expenses and disbursements | $102,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $668 |
| 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 | $668 |
| 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, Gelb Family Foundation has awarded $102,510 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF TORAH BTZFAT PURPOSE: TO FURTHER JEWISH CHARITABLE CAUSES | $10,000 |
AVIGDOR'S HELPING HAND PURPOSE: TO FURTHER JEWISH CHARITABLE CAUSES | $10,000 |
BAIS MEDRASH HAGADOL PURPOSE: TO FURTHER JEWISH CHARITABLE CAUSES | $1,800 |
BAIS RABANAN INC PURPOSE: TO FURTHER JEWISH CHARITABLE CAUSES | $850 |
CONG ISHEI YISROEL PURPOSE: TO FURTHER JEWISH CHARITABLE CAUSES | $15,400 |
CONG BNEI SHLOMA ZALMAN PURPOSE: TO FURTHER JEWISH CHARITABLE CAUSES | $3,600 |