Chleck Family Foundation Inc
- Assets
- $41.8m
- Revenue
- $5.0m
- Investments
- $41.4m
- Employees
- 0
- Location
- West Newton, MA
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 47-1373868
Organization Overview
Chleck Family Foundation Inc is located in West Newton, MA. The organization was established in 2015. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Chleck 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, Chleck Family Foundation Inc generated $5.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Chleck Family Foundation Inc has awarded 33 individual grants totaling $5,080,000. 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 |
|---|---|---|---|
Risa A Chleck Vice-President/director | 15 | $34,500 | |
Mara C Levine Secretary/director | 5 | $0 | |
Ross B Levine President/executive Direct | 40 | $130,000 | |
Justin D Levine Treasurer/grant Consultant | 15 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,842,805 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,065,553 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,001,243 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $69,937 |
| Total Revenue | $4,977,052 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $214,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1 |
| Taxes | $129,806 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,223 |
| Total operating and administrative expenses | $872,700 |
| Contributions, gifts, grants paid | $1,800,000 |
| Total expenses and disbursements | $2,672,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $401,131 |
| 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 | $53,561 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $14,594 |
| Total assets | $41,835,555 |
| 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 | $33,381 |
| Total liabilities | $33,381 |
Grants Awarded
Over the last fiscal year, Chleck Family Foundation Inc has awarded $1,800,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ISRAEL ENDOWMENT FUND PURPOSE: CHLECK FAMILY FELLOWSHIP FUND | $75,000 |
HEBREW COLLEGE PURPOSE: CHLECK FAMILY FOUNDATION GRANT PAYMENT | $100,000 |
BRIGHAM AND WOMEN'S HOSPITAL PURPOSE: CHLECK FAMILY FOUNDATION GRANT PAYMENT | $700,000 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: CHLECK FAMILY FOUNDATION GRANT IN SUPPORT OF DR. ASHWIN ANANTHAKRISTHNAN | $150,000 |
JUPITER MEDICAL CENTER PURPOSE: CHLECK FAMILY FOUNDATION SCHOLARSHIP | $300,000 |
THE AMERICAN FRIENDS OF BATSHEVA PURPOSE: CHLECK FAMILY FOUNDATION GRANT PAYMENT | $125,000 |