Ravitz Family Foundation Inc
- Assets
- $1.1m
- Revenue
- $293.1k
- Investments
- $766.2k
- Employees
- 0
- Location
- Cherry Hill, NJ
- Founding
- 04/1997
- Data as of
- 12/2021
- EIN
- 52-1999567
Organization Overview
Ravitz Family Foundation Inc is located in Cherry Hill, NJ. The organization was established in 1997. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Ravitz 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 12/2021, Ravitz Family Foundation Inc generated $293.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $191.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ravitz Family Foundation Inc has awarded 641 individual grants totaling $1,526,456. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RAVITZ FAMILY FOUNDATION HOLDS TWO EVENTS, A SUMMER GOLF TOURNAMENT AND A WINTER DINNER EVENT, TO GENERATE REVENUE TO PROVIDE FOR THE HEALTH AND WELFARE OF INDIVIDUALS IN THE LOCAL COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald H Ravitz Trustee/vice Chairman | 0.25 | $0 | |
Brett Ravitz Trustee/chairman | 0.25 | $0 | |
Jason Ravitz Trustee/secretary | 0.25 | $0 | |
Shawn Ravitz Trustee/treasurer | 0.25 | $0 | |
Nicholas Fifis Trustee | 0.25 | $0 | |
Robert Schwartz ESQ Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $131,837 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,885 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $119,286 |
| Capital Gain Net Income | $119,311 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $27,103 |
| Total Revenue | $293,111 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $177 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $68,952 |
| Total operating and administrative expenses | $77,329 |
| Contributions, gifts, grants paid | $113,853 |
| Total expenses and disbursements | $191,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $299,008 |
| 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 | $584,964 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,065,179 |
| 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, Ravitz Family Foundation Inc has awarded $113,853 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
KATZ JCC PURPOSE: GENERAL CHARITABLE PURPOSES | $22,872 |
BEYOND CELIAC PURPOSE: GENERAL CHARITABLE PURPOSES | $15,000 |
Cherry Hill, NJ PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
EVESHAM EDUCATION FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $5,373 |
URBAN PROMISE PURPOSE: GENERAL CHARITABLE PURPOSES | $4,000 |
KELLMAN BROWN ACADEMY PURPOSE: GENERAL CHARITABLE PURPOSES | $3,600 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ravitz Family Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Setton Foundation Commack, NY PURPOSE: CHARITABLE | $500 |
Setton Foundation Commack, NY PURPOSE: CHARITABLE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kendeda Fund Wilmington, DE | $107,220,402 | $29,360,526 |
General Professional Liability Lass Fund Trust Agreement Pittsburgh, PA | $165,577,722 | $37,293,555 |
Jader Trust 4 New York, NY | $1,054,851,689 | $157,383,970 |
Rockefeller Family Fund Inc New York, NY | $156,631,848 | $43,772,368 |
Shapiro-Silverberg Foundation New York, NY | $41,665,129 | $24,069,378 |
Hess Philanthropic Fund New York, NY | $231,447,732 | $32,591,174 |
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |