Tov Latet Inc

Organization Overview

Tov Latet Inc is located in Brooklyn, NY. The organization was established in 2016. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tov Latet 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, Tov Latet Inc generated $453.1k 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 (21.7%) each year. All expenses for the organization totaled $493.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Tov Latet Inc has awarded 12 individual grants totaling $1,336,500. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE GRANTS FOR NEEDY INDIVIDUALS AND ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WE AWARDED GRANTS TO 13 ORGANIZATIONS AND 17 INDIVIDUALS TO RELIEVE JEWISH POVERTY.


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Board, Officers & Key Employees

Name (title)Compensation
Shmuel Shmelka Schorr
President
$0
Zvi Brown
Treasurer
$0
Zipporah Maimon
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$453,064
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$453,064
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $453,064

Grants Awarded

Over the last fiscal year, Tov Latet Inc has awarded $137,500 in support to 4 organizations.

Grant RecipientAmount

Brooklyn, NY

PURPOSE: RELIGOUS

$80,000

Brooklyn, NY

|

$30,000

GEMILAS CHESED ACHIM INC

Org PageRecipient Profile

Brooklyn, NY

|

$15,000

Monsey, NY

|

$12,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Tov Latet Inc has recieved totaling $115,000.

Awarding OrganizationAmount
Agudas Tov Vchesed Inc

Monsey, NY

PURPOSE: AID TO INDIGENT

$75,000
O A E Pinsk Karlin Inc

Brooklyn, NY

PURPOSE: AID TO THE INDIGENT

$40,000
View Grant Recipient Profile

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