Emes Foundation Inc
- Assets
- $9.4m
- Revenue
- $666.7k
- Investments
- $8.7m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 11/2002
- Data as of
- 09/2023
- EIN
- 11-3640577
Organization Overview
Emes Foundation Inc is located in Brooklyn, NY. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Emes 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 09/2023, Emes Foundation Inc generated $666.7k 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 (6.4%) each year. All expenses for the organization totaled $1.2m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Emes Foundation Inc has awarded 68 individual grants totaling $3,859,750. 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 |
|---|---|---|---|
Manuel Scharf President & Director | 1 | $0 | |
Chava Scharf Vice President & Director | 1 | $0 | |
Yisroel Scharf Secretary/treasurer & Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $440,000 |
| Interest on Savings | $688 |
| Dividends & Interest | $151,442 |
| Net Rental Income | $74,536 |
| 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 | $666,666 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $492 |
| Taxes | $7,527 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,025 |
| Total operating and administrative expenses | $20,194 |
| Contributions, gifts, grants paid | $1,183,750 |
| Total expenses and disbursements | $1,203,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,221 |
| Savings and temporary cash investments | $131,192 |
| 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 | $445,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $5,156,014 |
| Investments—other | $3,387,233 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,357,017 |
| 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, Emes Foundation Inc has awarded $1,183,750 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BINYAN YERUSHLAIM PURPOSE: PAYMENTS FOR ADVANCEMENT OF EDUCATION AND ASSISTANCE TO INDIGENT FAMILIES | $50,000 |
CONG AHAVAS TZDOKAH VCHESED PURPOSE: PAYMENTS FOR ADVANCEMENT OF EDUCATION AND ASSISTANCE TO INDIGENT FAMILIES | $150,000 |
CONGREGATION SHAAREI CHESED PURPOSE: PAYMENTS FOR ADVANCEMENT OF EDUCATION AND ASSISTANCE TO INDIGENT FAMILIES | $18,000 |
KEREN OHR CHAIM PURPOSE: PAYMENTS FOR ADVANCEMENT OF EDUCATION AND ASSISTANCE TO INDIGENT FAMILIES | $24,000 |
CONGREGATION ZICHRON SHLOMO PURPOSE: PAYMENTS FOR ADVANCEMENT OF EDUCATION AND ASSISTANCE TO INDIGENT FAMILIES | $418,000 |
LEVUSHEI YEHUDA INC PURPOSE: PAYMENTS FOR ADVANCEMENT OF EDUCATION AND ASSISTANCE TO INDIGENT FAMILIES | $50,000 |