Doctor Theodore A Atlas Foundation Inc
- Assets
- $1.6m
- Revenue
- $596.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Staten Island, NY
- Founding
- 08/1999
- Data as of
- 12/2022
- EIN
- 13-4012789
Organization Overview
Doctor Theodore A Atlas Foundation Inc is located in Staten Island, NY. The organization was established in 1999. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Doctor Theodore A Atlas Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Doctor Theodore A Atlas 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 12/2022, Doctor Theodore A Atlas Foundation Inc generated $596.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $557.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO HONOR THE MEMORY OF DR. THEODORE A. ATLAS SR, MD. AS A COMMUNITY SERVICE ORGANIZATION IT PROVIDES FINANCIAL AND EMOTIONAL SUPPORT TO INDIVIDUALS AND ORGANIZATIONS IN NEED AND FOCUSES PARTICULARLY ON THE NEEDS OF CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING CHARITABLE WORKS - 37 GRANTS WERE MADE TO PROMOTE CHARITABLE WORKS.
PROMOTING SPORTS - 1 GRANTS WERE MADE TO PROMOTE YOUTH SPORTS.
PROMOTING COMMUNITY SERVICE ORIENTED ACTIVITIES - 39 GRANTS WERE MADE TO PROMOTE AND HELP COMMUNITY NEEDS AND ACTIVITIES.
PROMOTING EDUCATION - 18 WERE MADE TO PROMOTE EDUCATION AND SPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine Atlas Treasurer | Trustee | $0 | |
Nicole Atlas Director | Trustee | $0 | |
David Berlin Director | Trustee | $0 | |
Joseph Fama Director | Trustee | $0 | |
Giana Gigante Secretary | Trustee | $0 | |
Theodore Atlas III Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $254,423 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,352 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $325,775 |
| Total Program Service Revenue | $0 |
| Investment income | $2,123 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $268,480 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $596,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $167,945 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,640 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,104 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $219,273 |
| Advertising and promotion | $2,500 |
| Office expenses | $32,931 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,772 |
| All other expenses | $0 |
| Total functional expenses | $557,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,250,135 |
| Savings and temporary cash investments | $24,266 |
| Pledges and grants receivable | $260,894 |
| Accounts receivable, net | $39,975 |
| 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 | $7,020 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,380 |
| Total assets | $1,584,670 |
| Accounts payable and accrued expenses | $0 |
| 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 | $15,419 |
| Total liabilities | $15,419 |
| Net assets without donor restrictions | $1,565,187 |
| Net assets with donor restrictions | $4,064 |
| 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 | $1,584,670 |