Achim Letov Inc
- Assets
- $2.6m
- Revenue
- $233.0k
- Investments
- $243.8k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- Data as of
- 12/2023
- EIN
- 85-1479583
Organization Overview
Achim Letov Inc is located in Brooklyn, NY. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Achim Letov 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, Achim Letov Inc generated $233.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (45.2%) each year. All expenses for the organization totaled $284.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Achim Letov Inc has awarded 26 individual grants totaling $464,995. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eli Jacob Kaplan Director | 0 | $0 | |
Yehuda Joseph Kaplan Director | 0 | $0 | |
Benjamin Kaplan Director | 0 | $0 | |
Isaac Zaac Kaplan Director | 0 | $0 | |
Michael Kaplan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $98 |
| Interest on Savings | $108,382 |
| 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 | $124,569 |
| Total Revenue | $233,049 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $108 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,866 |
| Printing and publications | $0 |
| Other expenses | $69,070 |
| Total operating and administrative expenses | $73,204 |
| Contributions, gifts, grants paid | $211,011 |
| Total expenses and disbursements | $284,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,344,376 |
| 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 | $243,816 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,588,192 |
| 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 | -$19 |
| Total liabilities | -$19 |
Grants Awarded
Over the last fiscal year, Achim Letov Inc has awarded $211,011 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
OHEL SIMHA PURPOSE: CHARITY | $4,200 |
OHR MEIR AND BRACHA PURPOSE: CHARITY | $5,000 |
THE CHESSED FUND PURPOSE: CHARITY | $5,101 |
DARCHEI NOAM TORAH PURPOSE: CHARITY | $5,200 |
YESHIVAT SHAARE TORAH PURPOSE: CHARITY | $8,294 |
HATZALAH OF QUEENS AND GREAT NECK PURPOSE: CHARITY | $5,500 |