Shocair-Reda Charitable Foundation Inc
- Assets
- $9.1k
- Revenue
- $3.9k
- Investments
- $8.3k
- Employees
- 0
- Location
- Weston, MA
- Founding
- 04/2019
- Data as of
- 06/2022
- EIN
- 82-3731822
Organization Overview
Shocair-Reda Charitable Foundation Inc is located in Weston, MA. The organization was established in 2019. 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. Shocair-Reda Charitable 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 06/2022, Shocair-Reda Charitable Foundation Inc generated $3.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 37.6% each year . All expenses for the organization totaled $14.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SUPPORT TO CHARITABLE ORGANIZATIONS WHICH ARE DEDICATED TO FOSTERING THE ADVANCEMENT OF EDUCATION, SCIENTIFIC AND MEDICAL RESEARCH, CIVIC BETTERMENT OF SOCIETY, CULTURAL AND SPIRITUAL ADVANCEMENT OF HUMANITARIAN CAUSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dania Shocair Reda Director | 0 | $0 | |
Dima Shocair Reda Director | 0 | $0 | |
Mawya Shocair Pr, Tr, Cler | 0.5 | $0 | |
Kareem Shocair Reda Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $212 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,675 |
| Capital Gain Net Income | $3,675 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,887 |
| 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 | $205 |
| Total operating and administrative expenses | $2,176 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $14,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $840 |
| 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 | $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 | $9,097 |
| Accounts payable and accrued expenses | $1,971 |
| 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 | $1,971 |
Grants Awarded
Over the last fiscal year, Shocair-Reda Charitable Foundation Inc has awarded $12,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL KIDNEY FOUNDATION PURPOSE: SUPPORT FOR CHARITABLE OPERATIONS | $5,000 |
CENTER FOR ARABIC CULTURE PURPOSE: SUPPORT CHARITABLE OPERATIONS | $5,000 |
Kent, OH PURPOSE: SUPPORT FOR CHARITABLE OPERATIONS | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
Motulsky-Nacht Family Foundation New York, NY | $171,149,787 | $10,722,392 |
Griffith R Harsh Iv And Margaret Cwhitman Charitable Foundation Albany, NY | $153,022,620 | $10,234,389 |