Zichron Avrohom Abba Foundation
- Assets
- $8.9m
- Revenue
- $712.7k
- Investments
- $4.0m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 11-3412101
Organization Overview
Zichron Avrohom Abba Foundation is located in Brooklyn, NY. The organization was established in 1998. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zichron Avrohom Abba 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 12/2022, Zichron Avrohom Abba Foundation generated $712.7k 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 (11.2%) each year. All expenses for the organization totaled $927.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.1%) 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leon Goldenberg President | 0 | $0 | |
Agnes Goldenberg Vice President | 0 | $0 | |
Chaim Goldenberg Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400,000 |
| Interest on Savings | $303,315 |
| Dividends & Interest | $0 |
| Net Rental Income | $9,418 |
| 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 | $712,733 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $105,600 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,566 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $111,166 |
| Contributions, gifts, grants paid | $815,938 |
| Total expenses and disbursements | $927,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $444,015 |
| Savings and temporary cash investments | $4,501,223 |
| 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 | $2,677,596 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,914,333 |
| 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 |