Foundation For Ethnic Understanding
- Assets
- $325.9k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- New York, NY
- Founding
- 10/1990
- Data as of
- 12/2021
- EIN
- 13-3527874
Organization Overview
Foundation For Ethnic Understanding is located in New York, NY. The organization was established in 1990. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Foundation For Ethnic Understanding employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Ethnic Understanding 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, Foundation For Ethnic Understanding generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DIVERSE RACIAL AND ETHNIC COMMUNITIES RELATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSLIM JEWISH RELATIONS: INTENSIVE RELATIONSHIP BUILDING WITH THE MAJOR MUSLIM ORGANIZATIONS IN THE US.
BLACK JEWISH RELATIONS:THE FOUNDATION BUILDS SOLIDARITY BETWEEN THE BLACK AND JEWISH COMMUNITIES. THROUGH EDUCATIONAL INITIATIVES AND THE PROMOTION OF PUBLIC DIALOGUE, THE FOUNDATION ENCOURAGES PEOPLE TO SPEAK OUT AGAINST ALL FORMS OF RACISM AND BIGOTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Schneier President | OfficerTrustee | 45 | $397,000 |
Valerie Nash Chief Of Staff | 40 | $116,308 | |
Marie Banzon-Prince Administrator | 40 | $103,846 | |
Chris Sacarabany Executive Director | 40 | $101,539 | |
Ken Sunshine Secretary | OfficerTrustee | 2 | $0 |
Michael Heningburg Jr Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $155,499 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,266,485 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,421,984 |
| Total Program Service Revenue | $0 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,422,014 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $22,200 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $422,224 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $321,693 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,746 |
| Payroll taxes | $41,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $287,046 |
| Advertising and promotion | $0 |
| Office expenses | $23,183 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $86,524 |
| Travel | $6,063 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125,077 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,137 |
| Insurance | $8,297 |
| All other expenses | $1,201 |
| Total functional expenses | $1,431,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,278 |
| Savings and temporary cash investments | $305 |
| Pledges and grants receivable | $200,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,702 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $26,965 |
| Intangible assets | $0 |
| Other assets | $4,642 |
| Total assets | $325,892 |
| Accounts payable and accrued expenses | $451,650 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $451,650 |
| Net assets without donor restrictions | -$125,758 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $325,892 |
Grants Awarded
Over the last fiscal year, Foundation For Ethnic Understanding has awarded $28,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Stamford, CT PURPOSE: MUSLIM/JEWISH RELATIONS PROGRAM | $7,500 |
Newburgh, NY PURPOSE: MUSLIM/JEWISH RELATIONS PROGRAM | $5,000 |
PROJECT ROZANA USA PURPOSE: MUSLIM/JEWISH RELATIONS PROGRAM | $5,000 |
JAMAAT PURPOSE: MUSLIM/JEWISH RELATIONS PROGRAM | $5,000 |
Washington, DC PURPOSE: MUSLIM/JEWISH RELATIONS PROGRAM | $5,000 |
Washington, DC PURPOSE: MUSLIM/JEWISH RELATIONS PROGRAM | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For Ethnic Understanding has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Mccain Institute Foundation Phoenix, AZ PURPOSE: TO IMPROVE THE RELATIONSHIP OF ETHNIC GROUPS AND FAITH COMMUNITIES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |