Jerome & Lorraine Aresty Charitable Foundation
- Assets
- $0.0
- Revenue
- $73.7k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2004
- Data as of
- 12/2020
- EIN
- 06-1725894
Organization Overview
Jerome & Lorraine Aresty Charitable Foundation is located in New York, NY. The organization was established in 2004. 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.
For the year ending 12/2020, Jerome & Lorraine Aresty Charitable Foundation generated $73.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (33.8%) each year. All expenses for the organization totaled $33.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Jerome & Lorraine Aresty Charitable Foundation has awarded 263 individual grants totaling $45,631,562. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Aresty President | 3 | $0 | |
Karen Kustel Secretary | 3 | $0 | |
Morey Goldberg Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $32,529 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41,197 |
| Total Revenue | $73,733 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33,692 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5 |
| Total operating and administrative expenses | $78,845 |
| Contributions, gifts, grants paid | $33,660,744 |
| Total expenses and disbursements | $33,739,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Jerome & Lorraine Aresty Charitable Foundation has awarded $33,660,744 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE ARESTY FAMILY FOUNDATION PURPOSE: TO TRANSFER ASSETS TO THE ARESTY FAMILY FOUNDATION | $16,805,145 |
THE KUSTEL FUND PURPOSE: TO TRANSFER ASSETS TO THE KUSTEL FUND | $16,855,599 |