Pave The Way Foundation Inc
- Assets
- $78.4k
- Revenue
- $749.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Wantagh, NY
- Founding
- 04/2003
- Data as of
- 12/2021
- EIN
- 56-2297278
Organization Overview
Pave The Way Foundation Inc is located in Wantagh, NY. The organization was established in 2003. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Pave The Way Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pave The Way 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, Pave The Way Foundation Inc generated $749.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $717.6k during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
PAVING THE WAY TO PEACE BY REMOVING OBSTACLES BETWEEN THE RELIGIONS AND INITIATING GESTURES OF GOODWILL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS WERE USED FOR BRIDGING THE GAP BETWEEN RELIGIONS THROUGH CULTURAL, TECHNOLOGICAL AND INTELLECTUAL EXCHANGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Krupp President | OfficerTrustee | 40 | $139,775 |
Meredith Krupp Secretary | OfficerTrustee | 40 | $65,065 |
Harry Epstein Treasurer | OfficerTrustee | 1 | $0 |
Elliot Hershberg Chairman | OfficerTrustee | 10 | $0 |
Howard Appel Director | Trustee | 1 | $0 |
Stanley Browne Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,580 |
| All other contributions, gifts, grants, and similar amounts not included above | $687,182 |
| Noncash contributions included in lines 1a–1f | $10,694 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $732,762 |
| Total Program Service Revenue | $0 |
| Investment income | $1,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,958 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $749,492 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $204,840 |
| Compensation of current officers, directors, key employees. | $86,996 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,360 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,131 |
| Payroll taxes | $20,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,127 |
| Fees for services: Accounting | $18,400 |
| 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 | $6,439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,521 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,767 |
| Insurance | $9,312 |
| All other expenses | $52,445 |
| Total functional expenses | $717,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,624 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| 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 | $41,177 |
| Investments—publicly traded securities | $31,572 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $78,373 |
| Accounts payable and accrued expenses | $43,993 |
| 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 | $43,993 |
| Net assets without donor restrictions | $34,380 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $78,373 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Pave The Way Foundation Inc has recieved totaling $590,068.
| Awarding Organization | Amount |
|---|---|
Fritz And Adelaide Kauffmann Foundation Inc West Palm Beach, FL PURPOSE: GENERAL TAX EXEMPT PURPOSES | $100,000 |
Fritz And Adelaide Kauffmann Foundation Inc West Palm Beach, FL PURPOSE: GENERAL TAX EXEMPT PURPOSES | $50,000 |
Fritz And Adelaide Kauffmann Foundation Inc West Palm Beach, FL PURPOSE: GENERAL TAX EXEMPT PURPOSES | $50,000 |
Fritz And Adelaide Kauffmann Foundation Inc West Palm Beach, FL PURPOSE: GENERAL TAX EXEMPT PURPOSES | $50,000 |
Fritz And Adelaide Kauffmann Foundation Inc West Palm Beach, FL PURPOSE: GENERAL TAX EXEMPT PURPOSES | $50,000 |
Fritz And Adelaide Kauffmann Foundation Inc West Palm Beach, FL PURPOSE: GENERAL TAX EXEMPT PURPOSES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kolel Torah Inc Brooklyn, NY | $234,559 | $10,096,931 |
Christian Union Inc Princeton, NJ | $13,074,575 | $9,787,161 |
Eretz Hachaim Us Inc Brooklyn, NY | $7,972,379 | $9,030,705 |
Norman E Alexander Family S Foundation Inc New York, NY | $92,718,623 | $22,235,113 |
Strength Of Israel Inc Lawrence, NY | $1,436,056 | $5,202,580 |
Kupas Yom Tov Inc Lakewood, NJ | $35,904 | $3,631,675 |
Norman E Alexander Family M Foundation Inc New York, NY | $80,702,389 | $17,666,816 |
Norman E Alexander Family G Foundation Inc New York, NY | $74,799,909 | $16,778,157 |
Episcopal Charities Of The Diocese Of New York New York, NY | $4,370,956 | $2,900,488 |
Mosdos Rabbainu Nachum Meshadyk Brooklyn, NY | $3,226,330 | $4,187,685 |
Emet Veshalom Brooklyn, NY | $8,411 | $1,783,747 |
Daat Center Inc Brooklyn, NY | $444,170 | $1,892,675 |