Gitlitz Family Foundation
- Assets
- $121.5k
- Revenue
- -$5.3k
- Investments
- $112.6k
- Employees
- 0
- Location
- Ocean Ridge, FL
- Founding
- 04/2000
- Data as of
- 12/2023
- EIN
- 04-3445596
Organization Overview
Gitlitz Family Foundation is located in Ocean Ridge, FL. The organization was established in 2000. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, 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. Gitlitz 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence D Gitlitz Trustee | 0 | $0 | |
Robin Sheldon Gitlitz Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $705 |
| Dividends & Interest | $4,488 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$10,482 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$5,289 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,267 |
| Total operating and administrative expenses | $1,267 |
| Contributions, gifts, grants paid | $10,461 |
| Total expenses and disbursements | $11,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,947 |
| 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 | $112,595 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $121,542 |
| 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, Gitlitz Family Foundation has awarded $10,461 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
GIFT OF LIFE PURPOSE: CHARITABLE | $180 |
MARTHAS VINEYARD HEBREW CENTER PURPOSE: RELIGIOUS | $3,035 |
MARTHAS VINEYARD HOSPITAL PURPOSE: MEDICAL | $1,000 |
FRIENDS OF THE ISRAEL DEFENSE PURPOSE: CHARITABLE | $180 |
NATIONAL MULTIPLE SCLE PURPOSE: MEDICAL RESEARCH | $106 |
ALEXANDREA COUNTRY DAY SCHOOL PURPOSE: EDUCATIONAL | $250 |