Avi Chai Foundation
- Assets
- $417.4m
- Revenue
- $38.4m
- Investments
- $370.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1985
- Data as of
- 12/2021
- EIN
- 13-3252800
Organization Overview
Avi Chai Foundation is located in New York, NY. The organization was established in 1985. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avi Chai Foundation 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, Avi Chai Foundation generated $38.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.4% each year . All expenses for the organization totaled $17.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Avi Chai Foundation has awarded 11 individual grants totaling $26,198,934. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
CHRONICLING THE HISTORY OF THE AVI CHAI FOUNDATION OVER 35 YEARS, EMPHASIZING THE FOUNDATION'S ORIGINS, EVOLUTION, PROGRAMS, ACHIEVEMENTS AND INTERNAL DELIBERATIONS.
TO PUBLISH A RESOURCE FOR THE DAY SCHOOL FIELD THAT DISCUSSES THE CHALLENGES FACED BY JEWISH DAY SCHOOLS AND THE VARIOUS APPROACHES TAKEN BY THE SCHOOLS TO ADDRESS THOSE CHALLENGES
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 |
|---|---|---|---|
Joel B Prager Executive Director | 40 | $512,083 | |
Michael Trapunsky Program Associate | 40 | $143,083 | |
Avital Darmon Trustee | 1 | $22,000 | |
Meir Buzaglo Trustee | 1 | $22,000 | |
Ruth Wisse Trustee | 1 | $22,000 | |
Arthur W Fried Trustee | 30 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tony Proscio | 12/30/21 | $51,900 |
Patterson Belknap Webb & Tyler | 12/30/21 | $256,286 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,056 |
| Dividends & Interest | $2,683,008 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,032,067 |
| Capital Gain Net Income | $28,662,107 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,709,223 |
| Total Revenue | $38,425,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $66,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,949,028 |
| Interest | $0 |
| Taxes | $409,140 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $71,060 |
| Printing and publications | $0 |
| Other expenses | $326,420 |
| Total operating and administrative expenses | $6,167,734 |
| Contributions, gifts, grants paid | $11,133,488 |
| Total expenses and disbursements | $17,301,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,032,569 |
| Savings and temporary cash investments | $33,414,784 |
| 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 | $182,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $814,528 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $255,552,242 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,177,159 |
| Total assets | $417,433,923 |
| 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 | $698,000 |
| Total liabilities | $698,000 |
Grants Awarded
Over the last fiscal year, Avi Chai Foundation has awarded $10,358,488 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AVI CHAI ISRAEL PURPOSE: GRANT TO SUPPORT JEWISH EDUCATION PROGRAMS IN ISRAEL.THE GRANT AMOUNT HAS BEEN REDUCED BY $100,000 OF WHICH THE GRANTEE DID NOT SPEND OUT OF CORPUS AND THEREFORE THE FOUNDATION HAS NOT INCLUDED AS A QUALIFIED DISTRIBUTION.NAME OR RECIPIENT - AVI CHAI ISRAELGRANT FOR THE USE OF A PROPERTY IN JERUSALEM, TO SUPPORT CHARITABLE AND EDUCATIONAL ACTIVITIES. THE VALUE OF THE USE OF THE PROPERTY FOR 2021 WAS $49,121. | $9,233,488 |
New York, NY PURPOSE: GRANT TO ENHANCE JEWISH EDUCATION IN JEWISH DAY SCHOOLS | $1,000,000 |
New York, NY PURPOSE: GRANT TO IMPROVE THE PHILANTHROPIC FIELD BY IMPROVING COMMUNICATIONS AND RELATIONS BETWEEN GRANT MAKERS AND GRANTEES | $125,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Avi Chai Foundation has recieved totaling $49,664.
| Awarding Organization | Amount |
|---|---|
Keren Keshet-The Rainbow Foundation New York, NY PURPOSE: ACCOMODATION/ADMIN GRANT | $49,121 |
Nerman Family Foundation Bonita Springs, FL PURPOSE: CHARITABLE | $543 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hamaskpik Of Rockland County Inc Monsey, NY | $63,578,748 | $60,740,286 |
Comunilife Inc New York, NY | $31,660,998 | $48,925,659 |
Julia Dyckman Andrus Memorial Inc Yonkers, NY | $77,963,384 | $42,844,151 |
Wildwood Programs Inc Latham, NY | $26,961,317 | $41,590,830 |
Dana-Farber Inc Boston, MA | $2,427,985,539 | $197,856,829 |
Green Chimneys Childrens Services Inc Brewster, NY | $40,286,634 | $28,138,217 |
Times Square District Management Association New York, NY | $18,451,564 | $28,017,921 |
Childrens Center For Treatment And Education Bradford, PA | $5,348,327 | $25,705,354 |
52 Broadway Realty Corp New York, NY | $50,887,165 | $15,066,010 |
Peter Becker Community Harleysville, PA | $93,663,279 | $25,907,614 |
Benhaven Inc North Haven, CT | $15,268,980 | $23,482,851 |
Catalyst Inc New York, NY | $56,172,197 | $22,153,415 |