I&s Foundation
- Assets
- $2.4m
- Revenue
- $23.1k
- Investments
- $169.7k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 01/2003
- Data as of
- 06/2022
- EIN
- 42-6633510
Organization Overview
I&s Foundation is located in Brooklyn, NY. The organization was established in 2003. 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. I&s 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 06/2022, I&s Foundation generated $23.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $178.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, I&s Foundation has awarded 642 individual grants totaling $692,753. 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 |
|---|---|---|---|
Isaac Steinmetz Trustee | 0 | $0 | |
Shifra Steinmetz Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,993 |
| Interest on Savings | $817 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$36,284 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,566 |
| Total Revenue | $23,092 |
| 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 | $243 |
| Total operating and administrative expenses | $243 |
| Contributions, gifts, grants paid | $178,104 |
| Total expenses and disbursements | $178,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,592 |
| Savings and temporary cash investments | $460,320 |
| 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 | $1,744,792 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $169,650 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,412,354 |
| 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, I&s Foundation has awarded $178,104 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
BNOS YERUSHLAYIM INC PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $36 |
CONGREGATION KEHILAS YAAKOV PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $50 |
CONG KHAL RACHMISTRIVKA PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $72 |
CONGREGATION BEIS AVROHAM PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $100 |
MALBISH ZVI DKRULA PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $72 |
CONGREGATION GOMEL CHESED PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $72 |