Victor Azrak & Sons Family Foundation Inc
- Assets
- $1.7m
- Revenue
- $323.1k
- Investments
- $861.0k
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-4514877
Organization Overview
Victor Azrak & Sons Family Foundation Inc is located in New York, NY. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Victor Azrak & Sons Family 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 12/2022, Victor Azrak & Sons Family Foundation Inc generated $323.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $347.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Victor Azrak & Sons Family Foundation Inc has awarded 81 individual grants totaling $1,002,813. 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 |
|---|---|---|---|
Victor Azrak Director | 2 | $0 | |
Ralph Azrak Director | 2 | $0 | |
Marvin V Azrak Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $304,358 |
| Interest on Savings | $23,406 |
| Dividends & Interest | $4,923 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,568 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $323,119 |
| 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 | $2,933 |
| Total operating and administrative expenses | $3,973 |
| Contributions, gifts, grants paid | $343,416 |
| Total expenses and disbursements | $347,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $807,106 |
| Savings and temporary cash investments | $51,143 |
| 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 | $36,480 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,719,207 |
| 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, Victor Azrak & Sons Family Foundation Inc has awarded $343,416 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF BIRKAT EFREIM PURPOSE: TO FURTHER THE GOALS SET OUT IN THE FOUNDATION'S CHARTER | $3,600 |
AMERICAN FRIENDS OF ULPANA OFRA PURPOSE: TO FURTHER THE GOALS SET OUT IN THE FOUNDATION'S CHARTER | $5,000 |
BONEI OLAM PURPOSE: TO FURTHER THE GOALS SET OUT IN THE FOUNDATION'S CHARTER | $7,000 |
CHABAD OF NW ARKANSAS PURPOSE: TO FURTHER THE GOALS SET OUT IN THE FOUNDATION'S CHARTER | $1,800 |
CHABAD OF SBH PURPOSE: TO FURTHER THE GOALS SET OUT IN THE FOUNDATION'S CHARTER | $2,500 |
CHAI LIFELINE PURPOSE: TO FURTHER THE GOALS SET OUT IN THE FOUNDATION'S CHARTER | $5,000 |