Needelman Family Foundation
- Assets
- $78.9k
- Revenue
- $6.8k
- Investments
- $51.3k
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 02/1996
- Data as of
- 12/2022
- EIN
- 33-0687128
Organization Overview
Needelman Family Foundation is located in Newport Beach, CA. The organization was established in 1996. 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. Needelman 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 12/2022, Needelman Family Foundation generated $6.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $14.8k during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDS FOR GRANT MAKING ORGANIZATION THAT PROVIDES RESOURCES TO DEVELOP PROGRAMS FOR THE BENEFIT OF LOCAL JEWISH AGENCIES AND OTHER COMMUNITY ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chester Needelman President | 0 | $0 | |
Dorothy Needelman Vice Pres. | 0 | $0 | |
Mitchel Needelman C.f.o. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,836 |
| 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 | $6,836 |
| 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 | $25 |
| Total operating and administrative expenses | $2,463 |
| Contributions, gifts, grants paid | $12,325 |
| Total expenses and disbursements | $14,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,597 |
| 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 | $78,854 |
| 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, Needelman Family Foundation has awarded $12,325 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEY CAT ALLIES INC PURPOSE: TO TRANSFORM & DEVELOP COMMUNITIES TO PROTECT & IMPROVE THE LIVES OF CATS. | $200 |
CHABAD JEWISH CENTER PURPOSE: TO CREATE AN INTELLECTUALLY STIMULATING & EMOTIONALLY SUPPORTIVE JEWISH COMMUNITY | $100 |
DISABLED AMERICAN VETERANS PURPOSE: EMPOWERING VETERANS TO LEAD HIGH-QUALITY LIVES WITH RESPECT & DIGNITY. | $100 |
GUIDING EYES FOR THE BLIND PURPOSE: TO ENRICH THE LIVES OF BLIND & VISUALLY IMPAIRED BY PROVIDING FREEDOM TO TRAVEL SAFELY. | $300 |
HERITAGE POINTE PURPOSE: TO PROVIDE CONGREGATE LIVING, ASSISTED LIVING, MEMORY CARE AND OTHER SENIOR SERVICES. | $125 |
HILLSDALE EDUCATION FOUNDATION PURPOSE: EDUCATIONAL INSTITUTION | $100 |