Jerome And Sondra Bloomberg Family Foundation Inc
- Assets
- $154.6k
- Revenue
- $11.0k
- Investments
- $145.2k
- Employees
- 0
- Location
- Plainview, NY
- Founding
- 01/1997
- Data as of
- 12/2022
- EIN
- 11-3350909
Organization Overview
Jerome And Sondra Bloomberg Family Foundation Inc is located in Plainview, NY. The organization was established in 1997. According to its NTEE Classification (T31) the organization is classified as: Community 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. Jerome And Sondra Bloomberg Family 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, Jerome And Sondra Bloomberg Family Foundation Inc generated $11.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $26.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerome Bloomberg Dir/secry | 0 | $0 | |
Sondra Bloomberg Dir/pres | 0 | $0 | |
Ronald Bloomberg Dir/vp | 0 | $0 | |
Lee Bloomberg Dir/treas | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9 |
| Dividends & Interest | $11,021 |
| 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 | $11,030 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $5,540 |
| Taxes | $723 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,743 |
| Total operating and administrative expenses | $20,006 |
| Contributions, gifts, grants paid | $6,000 |
| Total expenses and disbursements | $26,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,345 |
| 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 | $7,350 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $154,569 |
| 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 | $70,000 |
| Other liabilities | $0 |
| Total liabilities | $70,000 |
Grants Awarded
Over the last fiscal year, Jerome And Sondra Bloomberg Family Foundation Inc has awarded $6,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SUNRISE ASSOCIATION PURPOSE: AS DIRECTED BY DONEE | $3,000 |
Huntington, NY PURPOSE: AS DIRECTED BY DONEE | $1,000 |
Westbury, NY PURPOSE: AS DIRECTED BY DONEE | $1,000 |
NORTH SHORE AUTISM CIRCLE PURPOSE: AS DIRECTED BY DONEE | $500 |
STEVEN M PEREZ FOUNDATION PURPOSE: AS DIRECTED BY DONEE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Connecticut Community Foundation Inc Waterbury, CT | $154,014,275 | $11,174,882 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA | $123,167,161 | $16,344,885 |
York County Community Foundation York, PA | $208,424,639 | $17,313,520 |
Chester County Community Foundation Inc West Chester, PA | $86,163,241 | $21,195,715 |
Adirondack Foundation Lake Placid, NY | $81,334,603 | $18,009,853 |
Lehigh Valley Community Foundation Allentown, PA | $80,747,413 | $16,923,036 |
Rossin Foundation Pittsburgh, PA | $44,448,122 | $6,161,535 |
New York City Partnership Foundation Inc New York, NY | $45,208,462 | $5,342,641 |
First Community Foundation Partnership Of Pennsylvania Williamsport, PA | $133,727,811 | $24,687,801 |
Northwest Connecticut Community Foundation Inc Torrington, CT | $136,137,199 | $9,989,668 |
Westchester Community College Foundation Inc Valhalla, NY | $61,692,109 | $7,530,233 |