Gerald Flaxer Charitable Foundation
- Assets
- $567.4k
- Revenue
- $59.8k
- Investments
- $459.3k
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 11/2000
- Data as of
- 09/2023
- EIN
- 04-3491360
Organization Overview
Gerald Flaxer Charitable Foundation is located in Cambridge, MA. The organization was established in 2000. 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. Gerald Flaxer 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.
For the year ending 09/2023, Gerald Flaxer Charitable Foundation generated $59.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $148.3k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Gerald Flaxer Charitable Foundation has awarded 198 individual grants totaling $732,270. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Raphael Trustee | 1 | $0 | |
Harry Raphael Trustee | 0.5 | $5,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $10,384 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,370 |
| Capital Gain Net Income | $49,370 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $59,760 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,900 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $701 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $299 |
| Total operating and administrative expenses | $17,895 |
| Contributions, gifts, grants paid | $130,445 |
| Total expenses and disbursements | $148,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $108,086 |
| 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 | $567,403 |
| 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, Gerald Flaxer Charitable Foundation has awarded $130,445 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU PURPOSE: TO DEFEND AND PRESERVE THE INDIVIDUAL RIGHTS AND LIBERTIES | $1,000 |
AGASSIZ VILLAGE PURPOSE: TO SUPPORT EDUCATIONAL ACTIVITIES | $1,000 |
AMERICAN REPERTORY THEATER PURPOSE: TO SUPPORT THE ARTS | $1,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: TO ADVANCE HUMAN RIGHTS AND DEMOCRATIC VALUES | $1,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: TO STOP THE DEFAMATION OF THE JEWISH PEOPLE AND SECURE JUSTICE AND FAIR TREATMENT TO ALL | $1,000 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: TO PROVIDE ASSITANCE TO THE ISRAELI | $1,000 |