Essas Family Foundation Inc
- Assets
- $164.8k
- Revenue
- $254.9k
- Investments
- $87.0k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-4253346
Organization Overview
Essas Family Foundation Inc is located in Los Angeles, CA. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Essas Family 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, Essas Family Foundation Inc generated $254.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $295.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Essas Family Foundation Inc has awarded 103 individual grants totaling $2,397,769. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL DISTRIBUTIONS ARE MADE SOLELY TO EXEMPT CHARITABLE ORGANIZATIONSAND INSTITUTIONS THAT QUALIFY FOR EXEMPTION EXCLUSIVELY UNDER SECTION501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Essas President | 0 | $0 | |
Bella Essas Vice Preside | 0 | $0 | |
Yosef Manela Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $237,405 |
| Interest on Savings | $4 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,459 |
| Capital Gain Net Income | $17,459 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $254,868 |
| 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 | $116,675 |
| Total operating and administrative expenses | $116,675 |
| Contributions, gifts, grants paid | $178,449 |
| Total expenses and disbursements | $295,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,761 |
| 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 | $65,000 |
| 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 | $164,766 |
| 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, Essas Family Foundation Inc has awarded $178,449 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
SMALL DONATIONS TO VARIOUS 501C3 CL PURPOSE: TO ASSIST OTHER PHILANTHROPIC CAUSES WITH THEIR EXEMPT PURPOSE. | $39,550 |
MERKAZ HATORAH PURPOSE: TO ENHANCE AND INCREASE THE RELIGIOSITY OF JEWISH EDUCATION. | $19,500 |
ADAS TORAH PURPOSE: TO ENHANCE AND INCREASE THE RELIGIOSITY OF JEWISH EDUCATION. | $23,250 |
MINCHAS ASHER FOUNDATION PURPOSE: TO ENHANCE AND INCREASE THE RELIGIOSITY OF JEWISH EDUCATION. | $10,000 |
ASHDOD MERKAZ CHINUCH PURPOSE: TO ENHANCE AND INCREASE THE RELIGIOSITY OF JEWISH EDUCATION. | $5,000 |
YEDIDEI HAARETZ PURPOSE: TO ENHANCE AND INCREASE THE RELIGIOSITY OF JEWISH EDUCATION. | $18,000 |