Louis & Margaret Kestenbaum Charitable Foundation Tr
- Assets
- $899.6k
- Revenue
- $38.9k
- Investments
- $800.1k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 11/2003
- Data as of
- 11/2023
- EIN
- 11-6578073
Organization Overview
Louis & Margaret Kestenbaum Charitable Foundation Tr is located in Brooklyn, NY. The organization was established in 2003. 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. Louis & Margaret Kestenbaum 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, Louis & Margaret Kestenbaum Charitable Foundation Tr generated $38.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $75.5k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Louis & Margaret Kestenbaum Charitable Foundation Tr has awarded 11 individual grants totaling $201,400. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Kestenbaum Trustee | 0 | $0 | |
Margaret Kestenbaum Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,822 |
| Net Rental Income | -$26,317 |
| Net Gain on Sale of Assets | -$63,672 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,733 |
| Total Revenue | $38,883 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,193 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,724 |
| Total operating and administrative expenses | $30,917 |
| Contributions, gifts, grants paid | $44,600 |
| Total expenses and disbursements | $75,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $494 |
| Savings and temporary cash investments | $22,408 |
| 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 | $800,140 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $76,582 |
| Total assets | $899,624 |
| 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 | $653,774 |
| Total liabilities | $653,774 |
Grants Awarded
Over the last fiscal year, Louis & Margaret Kestenbaum Charitable Foundation Tr has awarded $44,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION CHEVRAS TEHILLIM PURPOSE: GENERAL OPERATING BUDGET | $9,600 |
WMSBG-KOLEL DAMESEK ELIEZER INC PURPOSE: GENERAL OPERATING BUDGET | $35,000 |