Russek Foundation Inc
- Assets
- $161.9k
- Revenue
- $168.0
- Investments
- $19.9k
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 11/1962
- Data as of
- 12/2021
- EIN
- 13-1937346
Organization Overview
Russek Foundation Inc is located in Boca Raton, FL. The organization was established in 1962. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Russek 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 12/2021, Russek Foundation Inc generated $168.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (45.3%) each year. All expenses for the organization totaled $286.0 during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (61.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
HENRY I. RUSSEK STUDENT ACHIEVEMENT DAY-FOUNDATION CO SPONSORS ANNUAL, FULL DAY AWARD PRESENTATION, LECTURE EVENT, BREAKFAST & LUNCHEON, AT BOSTON UNIVERSITY SCHL OF MEDICINE. FOUNDATION HONORS & PRESENTS PREVIOUSLY ENDOWED MONETARY AWARDS TO FACULTY SELECTED GRADUATE MEDICAL STUDENTS IN EACH DEPARTMENT OF MEDICAL SCIENCES. DR SHELLEY RUSSEK, TREASURER, DEVOTES MONTHS OF TIME & EFFORT COORDINATING AND PLANNING THE PROGRAM.
HENRY I. RUSSEK LECTURE & TRAVEL AWARD - FOUNDATION PROVIDES RENOWNED GUEST LECTURER AT ANNUAL AMERICAN COLLEGE OF CARDIOLOGY NEW YORK CARDIOVASCULAR SYMPOSIUM, AS WELL AS TRAVEL AWARD FOR AFFILIATE-IN-TRAINING MEMBERS TO ATTEND THIS SEMINAR IN NEW YORK CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elayne Russek Pres/secy | 0 | $0 | |
Shelley Russek-Farb PHD Vice Pres. | 5 | $0 | |
Karen Peshkin Treasurer | 5 | $0 | |
Dr Richard Peshkin Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55 |
| Capital Gain Net Income | $55 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $99 |
| Total Revenue | $168 |
| 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 | $286 |
| Total operating and administrative expenses | $286 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,190 |
| Savings and temporary cash investments | $137,488 |
| 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 | $400 |
| Total assets | $161,933 |
| 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 |
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