Kressel Family Foundation
- Assets
- $1.6m
- Revenue
- $44.6k
- Investments
- $1.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2003
- Data as of
- 11/2023
- EIN
- 59-3768612
Organization Overview
Kressel Family Foundation is located in New York, NY. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Kressel Family 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 11/2023, Kressel Family Foundation generated $44.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $62.5k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kressel Family Foundation has awarded 63 individual grants totaling $1,796,336. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Kressel Director/secy/treas | 2 | $0 | |
Kim Ephrat Director/vice Pres | 0.5 | $0 | |
Aron Kressel Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $56,320 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,673 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,647 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $420 |
| Total operating and administrative expenses | $12,399 |
| Contributions, gifts, grants paid | $50,136 |
| Total expenses and disbursements | $62,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $124,556 |
| 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 | $1,579,202 |
| 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, Kressel Family Foundation has awarded $50,136 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION KEHILATH JESHURUN PURPOSE: TO SUPPORT KEHILATH JESHURUN AS AN ACTIVE, VIBRANT CONGREGATION WHERE EVERYONE IS WELCOME. | $18,636 |
MANHATTAN JEWISH EXPERIENCE PURPOSE: TO INSPIRE JEWISH CONTINUITY BY ENRICHING THE LIVES OF YOUNG JEWISH PROFESSIONALS THROUGHOUT MANHATTAN AND BEYOND. | $10,000 |
UNITED JEWISH APPEAL FEDERATION PURPOSE: TO RESPOND TO CRISES IN NEW YORK, ISRAEL AND AROUND THE WORLD | $20,000 |
TRUNKS UP PURPOSE: TO HELP PRESERVE AND PROTECT THE CRITICALLY ENDANGERED ASIAN ELEPHANT | $1,500 |