Hatzlacha Foundation
- Assets
- $1.2m
- Revenue
- -$60.3k
- Investments
- $551.2k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 11-3415194
Organization Overview
Hatzlacha 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. Hatzlacha Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Hatzlacha Foundation has awarded 40 individual grants totaling $2,373,038. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacque Werdyger Trustee | 0 | $0 | |
Meir Kagan Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30,662 |
| Dividends & Interest | $0 |
| Net Rental Income | -$90,984 |
| 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 | -$60,322 |
| 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 | $390 |
| Total operating and administrative expenses | $1,890 |
| Contributions, gifts, grants paid | $241,565 |
| Total expenses and disbursements | $243,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157 |
| Savings and temporary cash investments | $142,089 |
| 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 | $163,750 |
| Investments—other | $387,467 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $483,341 |
| Total assets | $1,176,804 |
| 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, Hatzlacha Foundation has awarded $241,565 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS LOCAL CHARITIES PURPOSE: RELIGIOUS | $3,100 |
KUPATH EIZER NISUIN PURPOSE: CHARITABLE | $79,700 |
KOLLEL CHASIDEI GUR PURPOSE: RELIGIOUS | $18,405 |
MESIVTA BAIS YISROEL PURPOSE: CHARITABLE | $20,000 |
KOLLEL OHEL YISSACHOR PURPOSE: CHARITABLE | $3,000 |
FIDELITY CHARITABLE PURPOSE: CHARITABLE | $117,360 |