Katz Chertok Family Foundation
- Assets
- $2.1m
- Revenue
- $57.4k
- Investments
- $2.1m
- Employees
- 0
- Location
- Newtown, PA
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 47-2580517
Organization Overview
Katz Chertok Family Foundation is located in Newtown, PA. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Katz Chertok Family 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 12/2022, Katz Chertok Family Foundation generated $57.4k 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 (27.5%) each year. All expenses for the organization totaled $98.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Katz Chertok Family Foundation has awarded 65 individual grants totaling $490,502. 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 |
|---|---|---|---|
Bernard Katz Trustee | 1 | $0 | |
Marjorie Chertok Trustee | 1 | $0 | |
Jonathan M Gross Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $53,904 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,471 |
| Capital Gain Net Income | $3,471 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,375 |
| 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 | $0 |
| Total operating and administrative expenses | $2,500 |
| Contributions, gifts, grants paid | $96,200 |
| Total expenses and disbursements | $98,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,268 |
| 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 | $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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,136,437 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $35,100 |
| 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 | $35,100 |
Grants Awarded
Over the last fiscal year, Katz Chertok Family Foundation has awarded $96,200 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CHABAD OF BUCKS COUNTY PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE FOUNDATIONS EXEMPT PURPOSE. | $30,000 |
92ND STREET Y PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE FOUNDATIONS EXEMPT PURPOSE. | $5,000 |
FIRST TEE PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE FOUNDATIONS EXEMPT PURPOSE. | $700 |
CHABAD OF PALM BEACH GARDENS PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE FOUNDATIONS EXEMPT PURPOSE. | $4,400 |
GIVING HOPE PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $23,000 |
JCC OF CENTRAL JERSEY PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE FOUNDATIONS EXEMPT PURPOSE. | $23,600 |