Afh Foundation
- Assets
- $941.8k
- Revenue
- $42.0k
- Investments
- $501.1k
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2012
- Data as of
- 12/2023
- EIN
- 35-6943074
Organization Overview
Afh Foundation is located in New York, NY. The organization was established in 2012. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Afh 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, Afh Foundation generated $42.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (20.6%) each year. All expenses for the organization totaled $342.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Afh Foundation has awarded 185 individual grants totaling $4,315,548. 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 |
|---|---|---|---|
Abraham Hirsch Trustee | 0 | $0 | |
Nava Hirsch Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,500 |
| Interest on Savings | $607 |
| Dividends & Interest | $19,958 |
| 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 | $1,919 |
| Total Revenue | $41,984 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,160 |
| Contributions, gifts, grants paid | $339,216 |
| Total expenses and disbursements | $342,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $185,665 |
| 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 | $501,110 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $255,038 |
| Total assets | $941,813 |
| 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, Afh Foundation has awarded $339,216 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION AHAVAS TZDOKAH VCHESED PURPOSE: CHARITABLE | $35,050 |
CONGREGATION KOL TORAH PURPOSE: CHARITABLE | $14,550 |
MIR YERUSHALAYIM PURPOSE: CHARITABLE | $50,000 |
YESHIVA OHR YITZCHOK PURPOSE: CHARITABLE | $18,000 |
KHAL ZICHRON MORDECHAI PURPOSE: CHARITABLE | $18,000 |
VARIOUS CHARITIES PURPOSE: CHARITABLE | $127,116 |