Paul & Elaine Chervinsky Charitable Foundation
- Assets
- $4.4m
- Revenue
- $1.0m
- Investments
- $4.4m
- Employees
- 0
- Location
- Newton, MA
- Founding
- 05/1994
- Data as of
- 10/2023
- EIN
- 04-3214315
Organization Overview
Paul & Elaine Chervinsky Charitable Foundation is located in Newton, MA. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Paul & Elaine Chervinsky Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Paul & Elaine Chervinsky Charitable Foundation has awarded 361 individual grants totaling $2,355,508. 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.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Chervinsky Trustee | 2 | $0 | |
Gerald Chervinsky Trustee | 5 | $0 | |
Debra Moll Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,942 |
| Dividends & Interest | $145,727 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $860,070 |
| Capital Gain Net Income | $860,070 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,174 |
| Total Revenue | $1,035,913 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,659 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,283 |
| Total operating and administrative expenses | $32,322 |
| Contributions, gifts, grants paid | $392,837 |
| Total expenses and disbursements | $425,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,881 |
| 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 | $660,641 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,441,173 |
| 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, Paul & Elaine Chervinsky Charitable Foundation has awarded $392,837 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
AFMDA PURPOSE: GENERAL FUND | $101,000 |
ALZHEIMER'S DISEASE RESEARCH PURPOSE: GENERAL FUND | $3,000 |
AMERICAN TECHNION SOCIETY PURPOSE: GENERAL FUND | $1,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: GENERAL FUND | $500 |
BINGHAMTON UNIVERSITY PURPOSE: GENERAL FUND | $2,000 |
B'NAI B'RITH PURPOSE: GENERAL FUND | $113 |