David I Oreck Foundation
- Assets
- $2.2m
- Revenue
- $76.5k
- Investments
- $2.2m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 11/2000
- Data as of
- 12/2022
- EIN
- 72-1486909
Organization Overview
David I Oreck Foundation is located in New Orleans, LA. The organization was established in 2000. 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. David I Oreck 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 12/2022, David I Oreck Foundation generated $76.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $113.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, David I Oreck Foundation has awarded 90 individual grants totaling $1,113,675. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MADE DONATIONS TO VARIOUS 501(C) 3 ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce J Oreck Treasurer | 0.6 | $0 | |
Thomas A Oreck Secretary | 0.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $64,161 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,204 |
| Capital Gain Net Income | $12,204 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $145 |
| Total Revenue | $76,511 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,212 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,065 |
| Total operating and administrative expenses | $10,277 |
| Contributions, gifts, grants paid | $103,575 |
| Total expenses and disbursements | $113,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,107 |
| Savings and temporary cash investments | $0 |
| 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 | $645 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,201,109 |
| 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, David I Oreck Foundation has awarded $103,575 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AUDUBON NATURE INSTITUTE PURPOSE: NATURE | $3,000 |
BARK AVENUE FOUNDATION PURPOSE: HUMANITARIAN | $5,000 |
COMMEMORATIVE AIRFORCE PURPOSE: AVIATION SAFETY | $200 |
FLAME PURPOSE: PUBLICATION IN MEDIA | $5,000 |
JEWISH FEDERATION OF GREATER NEW ORLEANS PURPOSE: RELIGIOUS | $35,000 |
MAYO FOUNDATION PURPOSE: PUBLICATION IN MEDIA | $10,000 |