7 Schwartz Brothers Leadership Tr
- Assets
- $24.9k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Kings Point, NY
- Founding
- Data as of
- 12/2022
- EIN
- 83-6767467
Organization Overview
7 Schwartz Brothers Leadership Tr is located in Kings Point, NY. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. 7 Schwartz Brothers Leadership Tr 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, 7 Schwartz Brothers Leadership Tr generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 34.3% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 38.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, 7 Schwartz Brothers Leadership Tr has awarded 13 individual grants totaling $506,888. 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
THE PURPOSE OF THIS FOUNDATION IS TO SUPPORT JEWISH EDUCATION
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bright River Media | 12/30/22 | $195,160 |
Ronald Rosenberg | 12/30/22 | $100,002 |
Tig Equities | 12/30/22 | $150,000 |
Adael Issacs | 12/30/22 | $55,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,300,000 |
| Interest on Savings | $0 |
| 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 | $1,300,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $39,583 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,369 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $18,636 |
| Printing and publications | $0 |
| Other expenses | $86,864 |
| Total operating and administrative expenses | $861,850 |
| Contributions, gifts, grants paid | $357,637 |
| Total expenses and disbursements | $1,219,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,865 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $8,000 |
| 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 | $24,865 |
| 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, 7 Schwartz Brothers Leadership Tr has awarded $357,637 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF CHABAD PURPOSE: GENERAL SUPPORT | $21,600 |
JEWISH YEAR ABROAD PURPOSE: GENERAL SUPPORT | $322,037 |
YESHIVAT SHA'ALVIM ORDINANCE PURPOSE: GENERAL SUPPORT | $14,000 |