Sharon And Morris Silver Family Foundation
- Assets
- $311.1k
- Revenue
- $115.1k
- Investments
- $298.8k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- Data as of
- 12/2022
- EIN
- 87-3091351
Organization Overview
Sharon And Morris Silver Family Foundation is located in Los Angeles, CA. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sharon And Morris Silver Family Foundation 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, Sharon And Morris Silver Family Foundation generated $115.1k 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 (41.0%) each year. All expenses for the organization totaled $115.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morris B Silver President & CEO | 0.5 | $0 | |
Sharon Silver CFO | 0.5 | $0 | |
Evan Silver Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $151,365 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,949 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$40,257 |
| Capital Gain Net Income | $121,708 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $115,057 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,252 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,828 |
| Printing and publications | $0 |
| Other expenses | $12,375 |
| Total operating and administrative expenses | $27,798 |
| Contributions, gifts, grants paid | $87,621 |
| Total expenses and disbursements | $115,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,343 |
| 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 | $298,803 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $311,146 |
| 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, Sharon And Morris Silver Family Foundation has awarded $87,621 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HILLEL HEBREW ACADEMY PURPOSE: GENERAL SUPPORT | $500 |
AISH HATORAH INSTITUTE PURPOSE: GENERAL SUPPORT | $1,800 |
TIFERES STAM INC PURPOSE: GENERAL SUPPORT | $33,026 |
WEST COAST KOLLEL PURPOSE: GENERAL SUPPORT | $50,000 |
BETH JACOB CONGREGATION PURPOSE: GENERAL SUPPORT | $795 |
YOUNG ISRAEL - CENTURY CITY PURPOSE: GENERAL SUPPORT | $1,000 |