Chaim Foundation Inc
- Assets
- $6.4k
- Revenue
- $543.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Cedarhurst, NY
- Founding
- 01/1996
- Data as of
- 12/2022
- EIN
- 11-3247210
Organization Overview
Chaim Foundation Inc is located in Cedarhurst, NY. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Chaim 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, Chaim Foundation Inc generated $543.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $526.4k during the year ending 12/2022. While expenses have increased by 0.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Chaim Foundation Inc has awarded 93 individual grants totaling $1,996,749. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT CHARITABLE,EDUCATIONAL AND RELIGIOUS CAUSES AND INSTITUTIONS THROUGH GRANTS AND CONTRIBUTIONS
TO ENGAGE IN CHARITABLE WORK PROJECTS FOR THE BENEFIT OF THE POOR AND ILL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry Silber Trustee | 4 | $0 | |
Eva Silber Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $543,617 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $0 |
| Total Revenue | $543,617 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $526,415 |
| Total expenses and disbursements | $526,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,367 |
| 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 | $6,367 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $4,969,328 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,969,328 |
Grants Awarded
Over the last fiscal year, Chaim Foundation Inc has awarded $137,910 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AFO MA'ARAVA MACHON RUBIN INC PURPOSE: CONTRIBUTION | $100,000 |
CONGREGATION BMG PURPOSE: CONTRIBUTION | $6,600 |
TIKVA CHILDREN'S HOME PURPOSE: CONTRIBUTION | $5,000 |
MISCELLANEOUS UNDER 5000 PURPOSE: MISCELLANEOUS | $12,310 |
YESHIVA ZICHRON MAYIR PURPOSE: CONTRIBUTION | $5,000 |
CONG BIYALA PURPOSE: CONTRIBUTION | $9,000 |