Phyllis Backer Foundation Inc
- Assets
- $1.4m
- Revenue
- $597.0k
- Investments
- $1.1m
- Employees
- 0
- Location
- Uniondale, NY
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 11-3523465
Organization Overview
Phyllis Backer Foundation Inc is located in Uniondale, NY. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Phyllis Backer 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, Phyllis Backer Foundation Inc generated $597.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.5%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Phyllis Backer Foundation Inc has awarded 95 individual grants totaling $6,535,150. 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 |
|---|---|---|---|
Lori Abramson Dir | 2 | $7,500 | |
Richard Altman Dir, VP | 2 | $7,500 | |
Leonard S Elman Dir, Pres | 2 | $7,500 | |
Susan Elman Dir | 2 | $7,500 | |
Michael K Feigenbaum Dir, Sec, Treas | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $533 |
| Dividends & Interest | $25,389 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $571,122 |
| Capital Gain Net Income | $571,122 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $597,044 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,505 |
| Total operating and administrative expenses | $74,202 |
| Contributions, gifts, grants paid | $1,529,950 |
| Total expenses and disbursements | $1,604,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $248,340 |
| Net Accounts receivable | $2,362 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,373,553 |
| 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, Phyllis Backer Foundation Inc has awarded $1,529,950 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
BEHIND THE BOOK INC PURPOSE: GENERAL & UNRESTRICTED | $25,900 |
BEHIND THE BOOK INC PURPOSE: PAID INTERNSHIP PROGRAM | $45,000 |
BROADWAY HOUSING COMMUNITIES INC PURPOSE: SUGAR HILL MUSEUM PRESCHOOL PROGRAM | $75,000 |
BROADWAY HOUSING COMMUNITIES INC PURPOSE: GENERAL & UNRESTRICTED | $55,500 |
HEALTHY HUMOR INC PURPOSE: RED NOSE DOCS PROGRAM AT BROOKDALE UNIVERSITY HOSPITAL AND MEDICAL CENTER | $50,000 |
FUND FOR THE CITY OF NEW YORK INC PURPOSE: ZONE 126 PROGRAMMING | $18,500 |