Mayer Simcha Leiter Charitable Foundation
- Assets
- $4.8m
- Revenue
- $535.7k
- Investments
- $4.3m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 81-6796362
Organization Overview
Mayer Simcha Leiter Charitable Foundation is located in Brooklyn, 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. Mayer Simcha Leiter 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 12/2022, Mayer Simcha Leiter Charitable Foundation generated $535.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $315.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mayer Simcha Leiter Charitable Foundation has awarded 39 individual grants totaling $603,950. 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 |
|---|---|---|---|
Gutol Leiter Trustee | 1 | $0 | |
Shimon Leiter Trustee | 5 | $0 | |
Rosie Sandman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $510,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,229 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,050 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $535,679 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,390 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $350 |
| Total operating and administrative expenses | $71,258 |
| Contributions, gifts, grants paid | $243,951 |
| Total expenses and disbursements | $315,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $517,339 |
| 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 | $4,809,246 |
| 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, Mayer Simcha Leiter Charitable Foundation has awarded $243,951 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF BET ELAZRKI PURPOSE: GENERAL DONATION | $7,000 |
AMERICAN FRIENDS OF ATERET COHANIM PURPOSE: GENERAL DONATION | $35,000 |
EFRAT DEVELOPMENT FOUNDATION USA PURPOSE: GENERAL DONATION | $93,700 |
MOTHERS OF CROWN HEIGHTS PURPOSE: GENERAL DONATION | $17,500 |
FRIENDS OF CHABAD TZFAT PURPOSE: GENERAL DONATION | $25,000 |
UNITED LUBAVITCHER YESHIVA PURPOSE: GENERAL DONATION | $21,400 |