Hazen Polsky Foundation
- Assets
- $8.9m
- Revenue
- $618.4k
- Investments
- $7.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1980
- Data as of
- 12/2022
- EIN
- 51-0245812
Organization Overview
Hazen Polsky Foundation is located in New York, NY. The organization was established in 1980. 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. Hazen Polsky 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, Hazen Polsky Foundation generated $618.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Hazen Polsky Foundation has awarded 65 individual grants totaling $2,811,889. 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 |
|---|---|---|---|
Cynthia Polsky Chairman | 15 | $0 | |
Leon Polsky President | 8 | $0 | |
Alex Polsky Vp/treasurer | 2 | $0 | |
Nicholas Polsky Vp/secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $140 |
| Dividends & Interest | $167,235 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $334,713 |
| Capital Gain Net Income | $334,732 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $116,349 |
| Total Revenue | $618,437 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $13,748 |
| Pension plans, employee benefits | $8,698 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $123,676 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,799 |
| Total operating and administrative expenses | $276,025 |
| Contributions, gifts, grants paid | $751,000 |
| Total expenses and disbursements | $1,027,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,806,748 |
| 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 | $8,923,274 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $40,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $40,000 |
Grants Awarded
Over the last fiscal year, Hazen Polsky Foundation has awarded $750,150 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ANTI-DEFAMATION LEAGUE PURPOSE: GENERAL OPERATING PURPOSE | $25,000 |
ASIA SOCIETY PURPOSE: GENERAL OPERATING PURPOSE | $25,000 |
BREAST CANCER RESEARCH FOUNDATION PURPOSE: GENERAL OPERATING PURPOSE | $15,000 |
CENTRAL PARK CONSERVANCY PURPOSE: GENERAL OPERATING PURPOSE | $10,000 |
HISTORICAL SOCIETY OF THE NEW YORK COURTS PURPOSE: GENERAL OPERATING PURPOSE | $15,000 |
INTERNATIONAL FOUNDATION FOR ART RESEARCH PURPOSE: GENERAL OPERATING PURPOSE | $30,000 |