Minchas Zikaron Foundation
- Assets
- $194.0k
- Revenue
- $171.8k
- Investments
- $60.0k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 01/2000
- Data as of
- 12/2023
- EIN
- 31-1671112
Organization Overview
Minchas Zikaron Foundation is located in Brooklyn, NY. The organization was established in 2000. 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. Minchas Zikaron 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, Minchas Zikaron Foundation generated $171.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $136.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Minchas Zikaron Foundation has awarded 157 individual grants totaling $564,893. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST EDUCATION THE NEEDY AND THE POOR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nachum Fishman Manager | 2 | $0 | |
Mordechai Fishman Manager | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $101,810 |
| 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 | $70,000 |
| Total Revenue | $171,810 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $777 |
| Total operating and administrative expenses | $777 |
| Contributions, gifts, grants paid | $136,152 |
| Total expenses and disbursements | $136,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,004 |
| 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 | $60,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $194,004 |
| 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, Minchas Zikaron Foundation has awarded $136,152 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
BAIS BROCHO OF KARLIN STOLIN PURPOSE: TO COVER EXPENSES | $8,620 |
BAIS TZIPORAH PURPOSE: TO COVER EXPENSES | $1,000 |
BAIS YAKOV HIGH SCHOOL PURPOSE: TO COVER EXPENSES | $1,000 |
BEIS ROCHEL PURPOSE: TO COVER EXPENSES | $900 |
BETH JACOB OF BORO PARK PURPOSE: TO COVER EXPENSES | $800 |
LAKEWOOD CHEDER SCHOOL PURPOSE: TO COVER EXPENSES | $4,800 |