Rachem Bechasdecha Foundation
- Assets
- $4.6m
- Revenue
- $254.3k
- Investments
- $2.6m
- Employees
- 0
- Location
- Spring Valley, NY
- Founding
- 02/1999
- Data as of
- 11/2023
- EIN
- 11-3468795
Organization Overview
Rachem Bechasdecha Foundation is located in Spring Valley, NY. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Rachem Bechasdecha 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 11/2023, Rachem Bechasdecha Foundation generated $254.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $477.1k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Rachem Bechasdecha Foundation has awarded 447 individual grants totaling $1,694,282. 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 |
|---|---|---|---|
Jacob Steinmetz Trustee | 0 | $0 | |
Judith Steinmetz Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $186,418 |
| Interest on Savings | $1,704 |
| Dividends & Interest | $54,446 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,196 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,974 |
| Total Revenue | $254,346 |
| 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 | $3,000 |
| Total operating and administrative expenses | $3,000 |
| Contributions, gifts, grants paid | $474,113 |
| Total expenses and disbursements | $477,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,387 |
| Savings and temporary cash investments | $731 |
| 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 | $1,993,754 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,627,612 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,623,484 |
| 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, Rachem Bechasdecha Foundation has awarded $474,113 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
AHAVAT TZION PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $65 |
BETH HEMEDRASH OHEL TORAH PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $540 |
BEER MIRIAM PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $2,850 |
BETH YITZCHOK PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $2,555 |
BIKUR CHOLIM OF PUPA PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $160 |
CHEVRA TZEDUKAH VCHESED PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $800 |