Ncs Charitable Foundation
- Assets
- $2.1m
- Revenue
- $70.7k
- Investments
- $1.2m
- Employees
- 0
- Location
- Lakewood, NJ
- Founding
- 03/2017
- Data as of
- 11/2023
- EIN
- 81-4803604
Organization Overview
Ncs Charitable Foundation is located in Lakewood, NJ. 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. Ncs Charitable 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, Ncs Charitable Foundation generated $70.7k 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 (7.8%) each year. All expenses for the organization totaled $64.9k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ncs Charitable Foundation has awarded 14 individual grants totaling $105,358. 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
CONTRIBUTIONS TO VARIOUS TAX EXEMPT YESHIVOS - SCHOOLS AND SYNAGOGUES QUALIFYING AS SEC. 501(C)(3) CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nachum Szanzer Trustee | 0 | $0 | |
Chaya Szanzer Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $21 |
| Dividends & Interest | $31,716 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,437 |
| Capital Gain Net Income | $11,437 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,568 |
| Total Revenue | $70,742 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $16,103 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,128 |
| Total operating and administrative expenses | $22,231 |
| Contributions, gifts, grants paid | $42,705 |
| Total expenses and disbursements | $64,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,111 |
| 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 | $875,146 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,178,106 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,059,363 |
| 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 | $61,788 |
| Total liabilities | $61,788 |
Grants Awarded
Over the last fiscal year, Ncs Charitable Foundation has awarded $99,608 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BAIS TOVA INC PURPOSE: EDUCATIONAL | $10,000 |
ENKAT ASIR PURPOSE: EDUCATIONAL | $500 |
JEWISH OUTREACH CONGREGATION PURPOSE: EDUCATIONAL | $500 |
KHAL BAIS SHMUEL PURPOSE: EDUCATIONAL | $38,000 |
NADVORNA PURPOSE: EDUCATIONAL | $500 |
REGESH NETWORK PURPOSE: EDUCATIONAL | $2,608 |