Ahavas Chessed Foundation Inc
- Assets
- $583.6k
- Revenue
- $389.3k
- Investments
- $554.3k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- Data as of
- 12/2022
- EIN
- 86-2570470
Organization Overview
Ahavas Chessed Foundation Inc is located in Los Angeles, CA. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ahavas Chessed 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 12/2022, Ahavas Chessed Foundation Inc generated $389.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (31.6%) each year.
Since 2022, Ahavas Chessed Foundation Inc has awarded 12 individual grants totaling $141,950. 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
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eliezer Solomon CEO | 0 | $0 | |
Aliza Solomon CFO | 0 | $0 | |
Sarah Solomon Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $325,040 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,237 |
| Capital Gain Net Income | $64,237 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $389,278 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $26,666 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,125 |
| Total operating and administrative expenses | $27,791 |
| Contributions, gifts, grants paid | $141,950 |
| Total expenses and disbursements | $169,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,330 |
| 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 | $583,640 |
| 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 | $386,506 |
| Other liabilities | $0 |
| Total liabilities | $386,506 |
Grants Awarded
Over the last fiscal year, Ahavas Chessed Foundation Inc has awarded $141,950 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
SHAAREI CHESED OF LA PURPOSE: CHARITABLE DONATION | $43,860 |
ADIREI HATORAH PURPOSE: CHARITABLE DONATION | $13,500 |
YOUTH REACH INC PURPOSE: CHARITABLE DONATION | $5,000 |
SHAREI CHESED PURPOSE: CHARITABLE DONATION | $10,000 |
KOLLEL ZICHRON MOSHE PURPOSE: CHARITABLE DONATION | $5,000 |
SMALL DONATIONS TO VARIOUS 501C3 CL PURPOSE: CHARITABLE DONATION | $18,140 |