S&k Foundation Inc
- Assets
- $2.9m
- Revenue
- $730.4k
- Investments
- $242.4k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 01/2014
- Data as of
- 12/2022
- EIN
- 45-4354602
Organization Overview
S&k Foundation Inc is located in Brooklyn, NY. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. S&k Foundation Inc 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, S&k Foundation Inc generated $730.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $200.0k during the year ending 12/2022. 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 Mission:
Part 3 - Line 1
PROVIDES AID TO ORGANIZATIONS WHO HELP NEEDY INDIVIDUALS AND TO ORGANIZATIONS THAT ADVANCE RELIGIOUS EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AID IN FORM OF GRANTS TO ORGANIZATIONS THAT PROMOTE CHARITY AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Milka Kestenbaum Executive Director | 1 | $0 | |
Joel Kestenbaum Director | 1 | $0 | |
Jacob Kestenbaum Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $625,000 |
| Interest on Savings | $84,549 |
| Dividends & Interest | $121 |
| Net Rental Income | -$34,688 |
| 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 | $4,463 |
| Total Revenue | $730,351 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,380 |
| Depreciation | $21,786 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,289 |
| Total operating and administrative expenses | $58,470 |
| Contributions, gifts, grants paid | $141,520 |
| Total expenses and disbursements | $199,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,599 |
| Savings and temporary cash investments | $501,485 |
| 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 | $50,000 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $563,762 |
| Other assets | $1,276,009 |
| Total assets | $2,854,205 |
| 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 | $375 |
| Total liabilities | $375 |
Grants Awarded
Over the last fiscal year, S&k Foundation Inc has awarded $68,600 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CONG YETEV LEV PURPOSE: Education | $44,600 |
TORAS MOSHE INSTITUTE PURPOSE: Education | $18,000 |
KOLEL ASIKE SHMATASA PURPOSE: Education | $6,000 |