Samuel And Carole Sobel Family Foundation Inc
- Assets
- $439.9k
- Revenue
- $9.2k
- Investments
- $437.6k
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- Data as of
- 12/2023
- EIN
- 85-4234153
Organization Overview
Samuel And Carole Sobel Family Foundation Inc is located in Boca Raton, FL. According to its NTEE Classification (G11) the organization is classified as: Single Organization Support, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Samuel And Carole Sobel 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, Samuel And Carole Sobel Family Foundation Inc generated $9.2k 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 (63.2%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Sobel Director / President | 1 | $0 | |
Carole Sobel Director / Vice-Presdient | 1 | $0 | |
Carol Demare Director / Secretary / Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36 |
| Dividends & Interest | $9,037 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $91 |
| Capital Gain Net Income | $91 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,164 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $324 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,849 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $56,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,253 |
| 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 | $439,881 |
| 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, Samuel And Carole Sobel Family Foundation Inc has awarded $55,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDSHIP CIRCLE PURPOSE: TO SUPPORT CHARITABLE PURPOSE | $25,000 |
FRIENDSHIP HOUSE PURPOSE: TO SUPPORT CHARITABLE PURPOSE | $10,000 |
FRIENDSHIP HOUSE PURPOSE: TO SUPPORT CHARITABLE PURPOSE | $20,000 |