Shamai & Richu Hartman Family Foundation
- Assets
- $3.2m
- Revenue
- $1.7m
- Investments
- $3.2m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 10/1994
- Data as of
- 11/2023
- EIN
- 11-3189198
Organization Overview
Shamai & Richu Hartman Family Foundation is located in Brooklyn, NY. The organization was established in 1994. 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. Shamai & Richu Hartman 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.
For the year ending 11/2023, Shamai & Richu Hartman Family Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $3.4m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Shamai & Richu Hartman Family Foundation has awarded 30 individual grants totaling $2,105,946. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO EXEMPT RELIGIOUS & CHARITABLE ORGANIZATIONS AND NEEDY INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isaac Goldbrenner Trustee | 3 | $0 | |
Israel Hartman Trustee | 3 | $0 | |
Joseph Brachfeld Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,246,500 |
| Interest on Savings | $16,124 |
| Dividends & Interest | $77,127 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $368,549 |
| Capital Gain Net Income | $368,549 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,708,300 |
| 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 | $902 |
| Total operating and administrative expenses | $902 |
| Contributions, gifts, grants paid | $3,390,034 |
| Total expenses and disbursements | $3,390,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,538 |
| Savings and temporary cash investments | $1,236 |
| 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 | $3,193,474 |
| 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, Shamai & Richu Hartman Family Foundation has awarded $571,244 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
KHAL TORATH CHAIM INC PURPOSE: RELIGIOUS | $5,400 |
CONGREGATION BNEI DOVID PURPOSE: RELIGIOUS | $3,000 |
THE EQUIPART FOUNDATION PURPOSE: RELIGIOUS | $370,000 |
THE YAD MOACH VLEV FOUNDATION PURPOSE: RELIGIOUS | $185,000 |
CONG AHAVAS YISROEL PURPOSE: RELIGIOUS | $1,800 |
THE TZUR FOUNDATION PURPOSE: RELIGIOUS | $1,000 |