Sarah Shamah Foundation Inc
- Assets
- $192.7k
- Revenue
- $260.0k
- Investments
- $68.9k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 07/2016
- Data as of
- 12/2023
- EIN
- 81-1772356
Organization Overview
Sarah Shamah Foundation Inc is located in Brooklyn, NY. The organization was established in 2016. 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. Sarah Shamah 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 12/2023, Sarah Shamah Foundation Inc generated $260.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 63.9% each year . All expenses for the organization totaled $212.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Sarah Shamah Foundation Inc has awarded 112 individual grants totaling $933,582. 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 |
|---|---|---|---|
Steven Shamah Director | 0 | $0 | |
Ralph Shamah Director | 0 | $0 | |
Samuel Shamah Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $29 |
| Dividends & Interest | $3,489 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,492 |
| Capital Gain Net Income | $6,492 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $260,010 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $190 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,709 |
| Total operating and administrative expenses | $1,899 |
| Contributions, gifts, grants paid | $210,298 |
| Total expenses and disbursements | $212,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $123,805 |
| 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 | $192,658 |
| 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, Sarah Shamah Foundation Inc has awarded $210,298 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BARKAI YESHIVAH PURPOSE: CHARITABLE & EDUCATIONAL PURPOSES | $2,600 |
BERIT SHALOM PURPOSE: CHARITABLE & EDUCATIONAL PURPOSES | $25,200 |
BETH TORAH CONGREGATION PURPOSE: CHARITABLE & EDUCATIONAL PURPOSES | $50,565 |
CONG OHEL YISHAK PURPOSE: CHARITABLE & EDUCATIONAL PURPOSES | $2,026 |
SEPHARDIC COMMUNITY ALLIANCE PURPOSE: CHARITABLE & EDUCATIONAL PURPOSES | $2,600 |
SEPHARDIC BIKUR HOLIM PURPOSE: CHARITABLE & EDUCATIONAL PURPOSES | $26,360 |