Saul P And Nellie Z Axelroad Charitable Foundation
- Assets
- $9.0m
- Revenue
- $7.9m
- Investments
- $8.6m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-3345197
Organization Overview
Saul P And Nellie Z Axelroad Charitable Foundation is located in Atlanta, GA. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Saul P And Nellie Z Axelroad 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.
Since 2021, Saul P And Nellie Z Axelroad Charitable Foundation has awarded 56 individual grants totaling $412,540. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO PROVIDE FOR THE APPLICATION OF THE CORPORATE CHARTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mickey G Katz Chairman | 0 | $0 | |
Gina K Kellis Vice President | 0 | $0 | |
Barry Katz Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,898,305 |
| Interest on Savings | $71 |
| Dividends & Interest | $244,883 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $783,826 |
| Capital Gain Net Income | $794,119 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,927,085 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,900 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $43,774 |
| Total operating and administrative expenses | $59,559 |
| Contributions, gifts, grants paid | $342,040 |
| Total expenses and disbursements | $401,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $355,399 |
| 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 | $700,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,974,174 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $212,500 |
| 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 | $212,500 |
Grants Awarded
Over the last fiscal year, Saul P And Nellie Z Axelroad Charitable Foundation has awarded $342,040 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
ALPHARETTA ELEMENTARY PURPOSE: 501(C)(3) PURPOSES | $500 |
CTR VISUALLY IMPAIRED PURPOSE: 501(C)(3) PURPOSES | $9,000 |
CAMP AURORA DAY CAMP PURPOSE: 501(C)(3) PURPOSES | $10,000 |
CAMP KERN PURPOSE: 501(C)(3) PURPOSES | $5,000 |
FRANKLIN HISTORICAL SOCIETY PURPOSE: 501(C)(3) PURPOSES | $1,500 |
MILTON EAGLES GIRLS FLAG FOOTBALL PURPOSE: 501(C)(3) PURPOSES | $5,000 |