Jeffrey A Altman Foundation Inc
- Assets
- $3.2m
- Revenue
- $309.9k
- Investments
- $3.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1999
- Data as of
- 11/2023
- EIN
- 13-3979282
Organization Overview
Jeffrey A Altman Foundation Inc is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Jeffrey A Altman 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 11/2023, Jeffrey A Altman Foundation Inc generated $309.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.3%) each year. All expenses for the organization totaled $323.9k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (25.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Jeffrey A Altman Foundation Inc has awarded 178 individual grants totaling $11,639,615. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey A Altman Director | 12 | $0 | |
Beatrice Altman Veschetti Director | 2 | $0 | |
Daniel Sapadin Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,877 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $309,877 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $8 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $425 |
| Total operating and administrative expenses | $3,933 |
| Contributions, gifts, grants paid | $320,000 |
| Total expenses and disbursements | $323,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $64,296 |
| 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 | $11,647 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,237,396 |
| 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 |
Grants Awarded
Over the last fiscal year, Jeffrey A Altman Foundation Inc has awarded $320,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS BRAIN TUMOR PROJECT PURPOSE: DONATION | $50,000 |
NICKLAUS CHILDRENS HOSPITAL PURPOSE: DONATION | $50,000 |
NORTHSIDE CENTER FOR CHILD DEVELOPM PURPOSE: DONATION | $2,500 |
AMERICAN FRIENDS OF UNIT 669 PURPOSE: DONATION | $7,500 |
AMERICAN JEWISH COMMITTEE PURPOSE: DONATION | $210,000 |