Jack & Miriam Basch Foundation Inc
- Assets
- $7.0m
- Revenue
- $3.8m
- Investments
- $6.8m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 02/1991
- Data as of
- 12/2022
- EIN
- 11-3030983
Organization Overview
Jack & Miriam Basch Foundation Inc is located in Brooklyn, NY. The organization was established in 1991. 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. Jack & Miriam Basch 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 12/2022, Jack & Miriam Basch Foundation Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Basch President | 0 | $0 | |
Miriam Basch Vice President | 0 | $0 | |
Michael Inzlicht Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,978,000 |
| Interest on Savings | $42,379 |
| Dividends & Interest | $35,885 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $322 |
| Capital Gain Net Income | $322 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$259,691 |
| Total Revenue | $3,796,895 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $48 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $400 |
| Total operating and administrative expenses | $22,657 |
| Contributions, gifts, grants paid | $1,957,756 |
| Total expenses and disbursements | $1,980,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,918 |
| Savings and temporary cash investments | $100,677 |
| 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 | $3,040,250 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,972,505 |
| 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, Jack & Miriam Basch Foundation Inc has awarded $3,414,155 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VAANI TEFILLAH FOUNDATION PURPOSE: CHARITABLE | $2,000,000 |
SEE SCHEDULE ATTACHED PURPOSE: CHARITABLE | $1,414,155 |