B C & Phyllis Lifshitz Charitable Foundation Tr
- Assets
- $579.1k
- Revenue
- $31.6k
- Investments
- $532.4k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 02/1997
- Data as of
- 11/2023
- EIN
- 11-6481171
Organization Overview
B C & Phyllis Lifshitz Charitable Foundation Tr is located in Brooklyn, NY. The organization was established in 1997. 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. B C & Phyllis Lifshitz Charitable Foundation Tr 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, B C & Phyllis Lifshitz Charitable Foundation Tr generated $31.6k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $18.6k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (13.1%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $319 |
| Dividends & Interest | $19,690 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,457 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,552 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,152 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $390 |
| Total operating and administrative expenses | $1,542 |
| Contributions, gifts, grants paid | $17,050 |
| Total expenses and disbursements | $18,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,667 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $579,053 |
| 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, B C & Phyllis Lifshitz Charitable Foundation Tr has awarded $17,050 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MERCAZ HAGUELA PURPOSE: UNRESTRICTED | $10,000 |
SHAS YIDEN PURPOSE: UNRESTRICTED | $5,000 |
CAMP HASC PURPOSE: UNRESTRICTED | $850 |
INSTITUTE FOR DAYANIM PURPOSE: UNRESTRICTED | $1,200 |