Carrol W Hirsch Ta
- Assets
- $78.0
- Revenue
- $994.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 52-7124665
Organization Overview
Carrol W Hirsch Ta is located in Brooklyn, OH. The organization was established in 2002. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carrol W Hirsch Ta 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, Carrol W Hirsch Ta generated $994.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $4.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNDER TRUST AGREEMENT DATED DECEMBER 16, 1988, MODIFIED ON JULY 16,1989 AND FURTHER MODIFIED ON JUNE 9, 1992, THE TRUSTEE SHALLDISTRIBUTE THE NET INCOME OF THE TRUST IN EQUAL SHARES TO THEJEWISH COMMUNITY FEDERATION AND DOUGLAS COLLEGE. UNDER THE OHIO INSTITUTIONAL FUNDS ACT OF 1989, THE BENEFICIARIES HAVE CHOSEN TO RECEIVE THE MAXIMUM OF INCOME BASED OF THE GREATER OF 5 PERCENT OF AFV OR TRADITIONAL INCOME. KEYBANK, AS STIPULATED IN THE TRUST AGREEMENT,MAINTAINS A GENUINE ATTITUDE OF RESPONSIVENESS TO THE NEEDS AND ACTIVITIES OF EACH BENEFICIARY ORGANIZATION IN THE ATTAINMENT OF ITS PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS MADE TO ALUMNAE ASSOCIATION OF DOUGLAS COLLEGE AS DIRECTED BY TRUST AGREEMENT FOR GENERAL OPERATING SUPPORT.
GRANTS MADE TO THE JEWISH COMMUNITY FEDERATION AS DIRECTED BY TRUST AGREEMENT FOR GENERAL OPERATING SUPPORT.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $39,138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $955,278 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $994,416 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,895,519 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $48,792 |
| Compensation of current officers, directors, key employees. | $48,792 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $131 |
| Total functional expenses | $4,945,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $78 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $78 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $78 |
| Total liabilities and net assets/fund balances | $78 |
Grants Awarded
Over the last fiscal year, Carrol W Hirsch Ta has awarded $4,925,519 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New Brunswick, NJ PURPOSE: To support the purpose of the organization. | $2,477,759 |
Cleveland, OH PURPOSE: To support the purpose of the organization. | $2,447,760 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Elevate 215 Philadelphia, PA | $9,991,857 | $10,518,985 |
Battelle For Kids Hilliard, OH | $8,986,527 | $5,810,919 |
Mastery Charter Schools Foundation Philadelphia, PA | $112,317,090 | $8,533,885 |
Van Wert County Foundation Van Wert, OH | $84,063,134 | $5,243,606 |
Middlebury Community Schools Employee Benefit Trust Middlebury, IN | $1,426,617 | $4,992,187 |
Carrol W Hirsch Ta Brooklyn, OH | $78 | $994,416 |
Ohio Foundation Of Independent Colleges Inc Columbus, OH | $10,019,771 | $4,357,939 |
Indianapolis Public Schools Education Foundation Inc Indianapolis, IN | $8,991,095 | $5,839,882 |
Sme Education Foundation Southfield, MI | $34,257,056 | $11,054,523 |