Tikvah Fund
- Assets
- $87.4m
- Revenue
- $19.9m
- Investments
- $59.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1992
- Data as of
- 12/2022
- EIN
- 13-3676152
Organization Overview
Tikvah Fund is located in New York, NY. The organization was established in 1992. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tikvah Fund 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 12/2022, Tikvah Fund generated $19.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.7% each year . All expenses for the organization totaled $21.1m during the year ending 12/2022. While expenses have increased by 5.2% per year over the past 4 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.
Since 2019, Tikvah Fund has awarded 34 individual grants totaling $14,790,152. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROGRAMS, CONTENT CREATION, AND PUBLISHING AIMED AT FOSTERING AND ENHANCING JEWISH CULTURE, RELIGION, HISTORY, ECONOMICS, LAW AND SOCIAL POLICY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elliott Abrams Chairman/member/trustee | 3 | $125,000 | |
Gary Rosenthal Vice Chairman/trustee | 3 | $0 | |
Raanan Agus Trustee | 3 | $0 | |
Mem Bernstein Member/trustee | 3 | $0 | |
Arthur Fried Member/trustee | 3 | $0 | |
Moshe Koppel Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meir Soloveichik | 12/30/22 | $150,000 |
Ruth Wisse | 12/30/22 | $140,000 |
Plutus Nonprofit Solutions | 12/30/22 | $110,600 |
Mitchell Rocklin | 12/30/22 | $108,333 |
Red Edge Llc | 12/30/22 | $72,409 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,495,606 |
| Interest on Savings | $556 |
| Dividends & Interest | $699,763 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $617,739 |
| Capital Gain Net Income | $617,739 |
| Net ST Capital Gain | $121,930 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,068,283 |
| Total Revenue | $19,881,947 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,138,846 |
| Other employee salaries and wages | $4,764,083 |
| Pension plans, employee benefits | $1,031,991 |
| Interest | $0 |
| Taxes | $32,191 |
| Depreciation | $207,041 |
| Occupancy | $997,160 |
| Travel, conferences, and meetings | $891,861 |
| Printing and publications | $24,253 |
| Other expenses | $7,752,021 |
| Total operating and administrative expenses | $17,853,313 |
| Contributions, gifts, grants paid | $3,216,360 |
| Total expenses and disbursements | $21,069,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,162,512 |
| Savings and temporary cash investments | $5,277,006 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $10,954,948 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $601,106 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $642,858 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,172,341 |
| Net Land, buildings, and equipment | $1,142,233 |
| Other assets | $593,757 |
| Total assets | $87,364,382 |
| Accounts payable and accrued expenses | $1,296,066 |
| Grants payable | $800,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $593,757 |
| Total liabilities | $2,689,823 |
Grants Awarded
Over the last fiscal year, Tikvah Fund has awarded $3,216,360 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HIECHAL HATORAH PURPOSE: SPECIFIC PROGRAM | $15,000 |
SHALEM COLLEGE PURPOSE: GENERAL SUPPORT | $3,200,000 |
AMERICAN FRIENDS OF LUBAVITCH PURPOSE: GENERAL SUPPORT | $1,000 |
HILLEL OF MASSACHUSETTS AMHERST UNIVERSITY PURPOSE: GENERAL SUPPORT | $360 |