Aaron Laub Memorial Foundation Inc
- Assets
- $1.8m
- Revenue
- $672.8k
- Investments
- $1.5m
- Employees
- 0
- Location
- Flushing, NY
- Founding
- 05/1990
- Data as of
- 11/2023
- EIN
- 11-3018695
Organization Overview
Aaron Laub Memorial Foundation Inc is located in Flushing, NY. The organization was established in 1990. 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. Aaron Laub Memorial 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 11/2023, Aaron Laub Memorial Foundation Inc generated $672.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $472.3k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Aaron Laub Memorial Foundation Inc has awarded 146 individual grants totaling $2,136,299. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $600,070 |
| Interest on Savings | $41,998 |
| Dividends & Interest | $30,200 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $532 |
| Capital Gain Net Income | $532 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $672,800 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $650 |
| Contributions, gifts, grants paid | $471,656 |
| Total expenses and disbursements | $472,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,947 |
| 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 | $1,527,568 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,816,515 |
| 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, Aaron Laub Memorial Foundation Inc has awarded $356,500 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AF OHEV YISROEL PURPOSE: EDUCATION | $9,000 |
AF MENOCHA U YESHUAHA PURPOSE: EDUCATION | $5,000 |
AL KANFEH NESHORIM PURPOSE: FINANCIAL ASSISTANCE | $7,500 |
BNEI YESHURIN PURPOSE: CONGREGATION | $5,000 |
BAIS YAAKOV QUEENS PURPOSE: EDUCATION | $5,000 |
CHAI LIFELINE PURPOSE: ASSISTANCE WITH THE ILL | $5,000 |