Hatzav Family Foundation Inc
- Assets
- $241.8k
- Revenue
- $428.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 83-1758690
Organization Overview
Hatzav Family Foundation Inc is located in Los Angeles, CA. 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. Hatzav 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 12/2023, Hatzav Family Foundation Inc generated $428.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (70.6%) each year. All expenses for the organization totaled $122.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Hatzav Family Foundation Inc has awarded 33 individual grants totaling $369,845. 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
ALL DISTRIBUTIONS ARE MADE SOLELY TO EXEMPT CHARITABLE ORGANIZATIONS AND INSTITUTIONS THAT QUALIFY FOR EXEMPTION EXCLUSIVELY UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $428 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $428 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $7,820 |
| Contributions, gifts, grants paid | $114,193 |
| Total expenses and disbursements | $122,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,811 |
| 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 | $241,811 |
| 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, Hatzav Family Foundation Inc has awarded $114,193 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDSHIP CIRCLE PURPOSE: CHARITABLE CONTRIBUTION | $520 |
FRIENDS OF ISRAEL SCOUTS PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
MAAGALIM PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
SMALL DONATIONS TO VARIOUS 501C3 CL PURPOSE: CHARITABLE CONTRIBUTION. | $4,773 |
CHABAD OF ARGENTINA RELIEF APPEAL PURPOSE: CHARITABLE CONTRIBUTION | $11,000 |
CHABAD OF BEVERLYWOOD PURPOSE: CHARITABLE CONTRIBUTION | $8,600 |