Sam And Rachel Boymel Foundation
- Assets
- $7.6m
- Revenue
- $2.7m
- Investments
- $6.6m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 31-1578615
Organization Overview
Sam And Rachel Boymel Foundation is located in Cincinnati, OH. The organization was established in 1998. 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. Sam And Rachel Boymel 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 12/2022, Sam And Rachel Boymel Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 42.6% each year . All expenses for the organization totaled $51.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sam And Rachel Boymel Foundation has awarded 79 individual grants totaling $1,387,545. 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 |
|---|---|---|---|
Faye Sosna Trustee | 0 | $0 | |
Jonathan Kohn Trustee | 0 | $0 | |
Robert Sosna Trustee | 0 | $0 | |
Steven Boymel Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,679,930 |
| Interest on Savings | $5,882 |
| Dividends & Interest | $136,066 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$89,438 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,732,440 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,091 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,338 |
| Total operating and administrative expenses | $51,692 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $51,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $997,426 |
| 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 | $6,473,313 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,550,456 |
| 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, Sam And Rachel Boymel Foundation has awarded $110,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHABAD JEWISH CENTER PURPOSE: FURTHER EXEMPT PURPOSE OF CHARITY | $10,000 |
THE HOLOCAUST FOR HUMANITY PURPOSE: FURTHER EXEMPT PURPOSE OF CHARITY | $100,000 |