Flatbush Community Fund Inc
- Assets
- $1.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Cedarhurst, NY
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 82-3212305
Organization Overview
Flatbush Community Fund Inc is located in Cedarhurst, NY. The organization was established in 2018. According to its NTEE Classification (T02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Flatbush Community Fund Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flatbush Community Fund 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, Flatbush Community Fund Inc generated $2.1m in total revenue. All expenses for the organization totaled $2.5m during the year ending 12/2021.
Since 2018, Flatbush Community Fund Inc has awarded 34 individual grants totaling $1,054,101. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FLATBUSH COMMUNITY FUND WAS FORMED TO MARSHAL COMMUNAL RESOURCES TO IDENTIFY AND ADDRESS THE DIVERSE SOCIAL AND FINANCIAL NEEDS OF THE ENTIRE FLATBUSH COMMUNITY AND PROMOTE CHARITABLE GIVING AND SERVICES FOR THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FLATBUSH COMMUNITY FUND WILL EVALUATE AND IDENTIFY LOCAL NEEDS SUCH AS EDUCATION, HEALTH CARE, FINANCIAL NEEDS, AND SOCIAL SERVICES AND DETERMINE THE MOST EFFECTIVE METHOD TO DELIVER SERVICES TO THE COMMUNITY THROUGH OUR ORGANIZATION OR PARTNERSHIPS WITH OTHER LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yitzchok Weinberg Executive Director | 30 | $159,392 | |
Ushi Fried Director | Trustee | 0.5 | $0 |
Mendy Josefovic Director | Trustee | 0.5 | $0 |
Yosef Segal Director | Trustee | 0.5 | $0 |
Abraham Hirsch Director | Trustee | 0.5 | $0 |
Simon Singer Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $41,770 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,101,658 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,143,428 |
| 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 | -$8,976 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,134,517 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $375,000 |
| Grants and other assistance to domestic individuals. | $1,352,821 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $159,392 |
| Compensation of current officers, directors, key employees. | $23,909 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,084 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,462 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $360,333 |
| Office expenses | $79,820 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,150 |
| Travel | $199 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,085 |
| Insurance | $1,278 |
| All other expenses | $0 |
| Total functional expenses | $2,504,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445,286 |
| Savings and temporary cash investments | $223,534 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $385,454 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $35,996 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $1,092,770 |
| Accounts payable and accrued expenses | $75,940 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $75,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $400,000 |
| Other liabilities | $0 |
| Total liabilities | $550,940 |
| Net assets without donor restrictions | $541,830 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,092,770 |
Grants Awarded
Over the last fiscal year, Flatbush Community Fund Inc has awarded $375,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Lakewood, NJ | | $139,500 |
THE NETZACH FOUNDATION | | | $137,500 |
YESHIVAS NER MESHULEM | | | $98,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Flatbush Community Fund Inc has recieved totaling $92,286.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $61,566 |
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $20,000 |
Scs Foundation Brooklyn, NY PURPOSE: CHARITABLE | $10,000 |
Zichron Chaim Charity Fund Brooklyn, NY PURPOSE: TO HELP THE FINANCIAL NEEDS OF THE COMMUNITY | $720 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hebrew Seniorlife Inc Boston, MA | $277,983,076 | $21,516,879 |
Center For Effective Philanthropy Inc Cambridge, MA | $19,860,929 | $21,070,243 |
Flatbush Community Fund Inc Cedarhurst, NY | $1,092,770 | $2,134,517 |
New Voices Foundation Amityville, NY | $20,164,120 | $894,618 |
Worldwide Initiatives For Grantmaker Support Inc New York, NY | $1,728,265 | $1,851,390 |
Allied Community Services Inc Enfield, CT | $1,847,285 | $1,199,233 |
Social Movement Technologies Foundation Inc Bloomfield, CT | $980,985 | $403,532 |
Partners For Public Good New York, NY | $0 | $281,198 |
Capital City Education Foundation Inc Simsbury, CT | $2,510,553 | $262,676 |
Hyde Management Company Inc Glens Falls, NY | $0 | $0 |