Gimmel Foundation Inc
- Assets
- $1.8m
- Revenue
- $322.4k
- Investments
- $267.6k
- Employees
- 0
- Location
- Woodbury, NY
- Founding
- 07/1973
- Data as of
- 12/2021
- EIN
- 02-9123408
Organization Overview
Gimmel Foundation Inc is located in Woodbury, NY. The organization was established in 1973. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gimmel 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 12/2021, Gimmel Foundation Inc generated $322.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $342.0k during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GIMMEL FOUNDATION HAS BEEN WORKING FOR OVER 25 YEARS IN THE GREATER KIRYAT MALACHI AREA IN ISRAEL. THE FOUNDATION OFFERS A VARIETY OF AFTER SCHOOL PROGRAMS TO THE CHILDREN OF THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GIMMEL FOUNDATION HAS BEEN WORKING FOR OVER 25 YEARS IN THE GREATER KIRYST MALACHI AREA IN ISRAEL (THE SOUTHERN REGION).THE FOUNDATION OFFERS A VARIETY OF AFTER SCHOOL PROGRAMS TO THE CHILDREN OF THE AREA. DURING THIS TIME, THE FOUNDATION HAS ESTABLISHED AFTER SCHOOL PROGRAMS IN 13 SCHOOLS AND 14 COMMUNITY CENTERS FOR NEW IMMIGRANT ETHIOPOIAN AND ISRAELI CHILDREN; INITIATED THE PYRAMID TEACHING/TUTORING PROGRAM; ENCOURAGED VISITS BY TEACHERS AND TUTORS TO HOMES OF CHILDREN TO HELP WITH SOCIAL PROBLEMS; DISTRIBUTED FOOD AND CLOTHING;MAINTAINED A SUMMER DAY CAMP. THIS HAS RESULTED IN SCHOOL GRADES IMPROVING AND CHILDREN FEELING BETTER ABOUT SCHOOL AND PARTICULARLY THEIR TEACHERS. IN ADDITION, GIMMEL HAS ENCOURAGED STUDENT COMMUNITY SERVICE, INTEGRATION INTO LOCAL SOCIAL SETTING AND THE ACQUISITION OF A WORK ETHIC.
CONTRIBUTION TO DALET FOUNDATION WHICH IS SIMILAR TO THE WORKING OF THE GIMMEL FOUNDATION AND SUPPORTS EDUCATIONAL INITIATIVES IN ISRAEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harris Guedalia Vice President | OfficerTrustee | 40 | $42,500 |
Rose Edinger President / Secretary | OfficerTrustee | 2 | $0 |
Eitan Kupietzky Vice President | OfficerTrustee | 2 | $0 |
Joshua Guedalia Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $292,343 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $292,343 |
| Total Program Service Revenue | $0 |
| Investment income | $30,075 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $322,418 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $279,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $633 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,085 |
| Total functional expenses | $341,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,033 |
| Savings and temporary cash investments | $66,799 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,379,210 |
| Investments—other securities | $267,580 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,762,622 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $821,877 |
| Net assets with donor restrictions | $940,745 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,762,622 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Gimmel Foundation Inc has recieved totaling $26,680.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $20,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $6,500 |
Aviva And Marvin Sussman Foundation New York, NY PURPOSE: GENERAL SUPPORT | $180 |
Endowment Analysis
| Beg. Balance | $996,262 |
| Earnings | -$15,516 |
| Other Expense | $40,000 |
| Ending Balance | $940,745 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of The Israel Defense Forces New York, NY | $197,064,966 | $87,861,352 |
Central Fund Of Israel Cedarhurst, NY | $25,861,859 | $55,454,981 |
Morasha Olami Inc Lakewood, NJ | $9,487,036 | $39,914,838 |
American Friends Of Yeshiva Dmir Inc Brooklyn, NY | $9,703,912 | $39,700,022 |
Acumen Fund Inc New York, NY | $151,257,086 | $30,454,797 |
Armenian General Benevolent Union New York, NY | $296,944,132 | $43,918,491 |
Root Capital Inc Cambridge, MA | $84,001,332 | $21,396,934 |
Jerusalem Foundation Inc New York, NY | $41,082,907 | $16,301,645 |
American Society Of The University Of Haifa New York, NY | $7,655,758 | $11,239,823 |
Tibet Fund New York, NY | $8,176,885 | $9,507,647 |
Friends Of Ir David Inc New York, NY | $1,931,131 | $8,657,861 |
Yeshivas Chasidei Belz-Belz Institutions In Israel Brooklyn, NY | $1,824,863 | $9,693,412 |