James And Beatrice Salah Charitable Trust
- Assets
- $109.8m
- Revenue
- $7.5m
- Investments
- $106.9m
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- 09/2011
- Data as of
- 12/2021
- EIN
- 54-6882525
Organization Overview
James And Beatrice Salah Charitable Trust is located in Fort Lauderdale, FL. The organization was established in 2011. 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. James And Beatrice Salah Charitable Trust 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, James And Beatrice Salah Charitable Trust generated $7.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $7.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, James And Beatrice Salah Charitable Trust has awarded 463 individual grants totaling $32,586,265. 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 |
|---|---|---|---|
Ron Mastriana Trustee | 40 | $300,000 | |
Noreen S Burpee Executive Director & Grant | 40 | $275,000 | |
Frederick D Churbuck Grants Advisory Board | 12 | $50,000 | |
George J Taylor Grants Advisory Board | 12 | $50,000 | |
Joseph G Salah Grants Advisory Board | 12 | $50,000 | |
Megan N Fearnow Grants Advisory Board | 12 | $50,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brinkley Morgan | 12/30/21 | $0 |
Golman Felcoski & Stone Pa | 12/30/21 | $102,931 |
Ubs Financial Services Inc | 12/30/21 | $727,487 |
Ubs Financial Services Inc | 12/30/21 | $0 |
Brinkley Morgan | 12/30/21 | $134,724 |
Golman Felcoski Stone Pa | 12/30/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $518,644 |
| Dividends & Interest | $1,614,502 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,317,316 |
| Capital Gain Net Income | $5,317,316 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,802 |
| Total Revenue | $7,464,264 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $775,000 |
| Other employee salaries and wages | $18,360 |
| Pension plans, employee benefits | $0 |
| Interest | $19 |
| Taxes | $180,805 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,932 |
| Printing and publications | $0 |
| Other expenses | $134,105 |
| Total operating and administrative expenses | $2,173,852 |
| Contributions, gifts, grants paid | $5,242,698 |
| Total expenses and disbursements | $7,416,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,859,435 |
| 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 | $5,708,090 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,558 |
| Total assets | $109,776,932 |
| 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 | $666 |
| Total liabilities | $666 |
Grants Awarded
Over the last fiscal year, James And Beatrice Salah Charitable Trust has awarded $5,242,698 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
BROWARD HEALTH FOUNDATION PURPOSE: SPECIFIC CHARITABLE PROJECT | $1,000,000 |
Fort Lauderdale, FL PURPOSE: SPECIFIC CHARITABLE PROJECT | $500,000 |
H LEE MOFFITT CANCER CENTER PURPOSE: SPECIFIC CHARITABLE PROJECT | $469,647 |
CHILDREN'S HOSPITAL COLORADO FOUNDATION PURPOSE: SPECIFIC CHARITABLE PROJECT | $375,000 |
Cambridge, MA PURPOSE: SPECIFIC CHARITABLE PROJECT | $276,868 |
Rochester, MN PURPOSE: SPECIFIC CHARITABLE PROJECT | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |
The Gary W Rollins Foundation Atlanta, GA | $72,624,629 | $27,015,806 |
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL | $0 | $7,841,898 |