Educational Support Foundation Inc
- Assets
- $40.4m
- Revenue
- $1.5m
- Investments
- $36.0m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 01/1963
- Data as of
- 05/2023
- EIN
- 13-6159760
Organization Overview
Educational Support Foundation Inc is located in Brooklyn, NY. The organization was established in 1963. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., 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. Educational Support 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 05/2023, Educational Support Foundation Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $641.3k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Educational Support Foundation Inc has awarded 59 individual grants totaling $4,471,980. 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 |
|---|---|---|---|
Manuel Scharf President | 1 | $0 | |
Willy Beer Treasurer | 1 | $0 | |
Rachel Beer Vice President | 1 | $0 | |
Yisroel Scharf Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $805 |
| Dividends & Interest | $1,544,205 |
| Net Rental Income | $70 |
| Net Gain on Sale of Assets | -$100,876 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,538,115 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,000 |
| Depreciation | $290 |
| Occupancy | $35,401 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200,191 |
| Total operating and administrative expenses | $273,472 |
| Contributions, gifts, grants paid | $367,840 |
| Total expenses and disbursements | $641,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,818 |
| Savings and temporary cash investments | $3,828,880 |
| 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 | $337,310 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $2,176 |
| Investments—mortgage loans | $12,311,749 |
| Investments—other | $2,860,311 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $40,421,354 |
| 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, Educational Support Foundation Inc has awarded $367,840 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CONG CHESED INC PURPOSE: TO FURTHER JEWISH EDUCATION. | $4,000 |
CONG EITZ CHAIM OF BOBOV PURPOSE: TO FURTHER JEWISH EDUCATION. | $130,000 |
CONG LEV SIMCHA PURPOSE: TO FURTHER JEWISH EDUCATION. | $61,000 |
CONG KNESSET MEIR PURPOSE: TO FURTHER JEWISH EDUCATION. | $5,000 |
CONG RACHMISTRIVKA PURPOSE: TO FURTHER JEWISH EDUCATION. | $12,000 |
CONG SHAAREI CHESED PURPOSE: TO FURTHER JEWISH EDUCATION. | $25,800 |