Ghatan Foundation
- Assets
- $574.0k
- Revenue
- $95.2k
- Investments
- $556.9k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 12/1998
- Data as of
- 11/2022
- EIN
- 11-3350880
Organization Overview
Ghatan Foundation is located in Brooklyn, NY. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public 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. Ghatan 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 11/2022, Ghatan Foundation generated $95.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (21.8%) each year. All expenses for the organization totaled $87.1k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ghatan Foundation has awarded 62 individual grants totaling $236,407. 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
ACTIVITIES WERE CARRIED FOR CHARITABLE, EDUCATIONAL SCIENTIFIC RELIGIOUS AND CULTURAL PURPOSES
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $52,511 |
| Interest on Savings | $1,380 |
| Dividends & Interest | $6,427 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,892 |
| Capital Gain Net Income | $34,892 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $95,210 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $125 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $125 |
| Contributions, gifts, grants paid | $86,987 |
| Total expenses and disbursements | $87,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,102 |
| 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 | $556,862 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $573,964 |
| 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, Ghatan Foundation has awarded $86,987 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AESMEL SHABBAT PURPOSE: GENERAL | $5,000 |
BONEI OLAM PURPOSE: GENERAL | $1,000 |
BNOS YAKKOV PURPOSE: GENERAL | $600 |
YESHIVA RABBI SAMSON PURPOSE: GENERAL | $600 |
DAILY GIVING PURPOSE: GENERAL | $1,000 |
ICMUD PURPOSE: GENERAL | $7,500 |