Altschul Foundation
- Assets
- $7.8m
- Revenue
- $897.4k
- Investments
- $7.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1942
- Data as of
- 06/2023
- EIN
- 13-6400009
Organization Overview
Altschul Foundation is located in New York, NY. The organization was established in 1942. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, 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. Altschul Foundation 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 06/2023, Altschul Foundation generated $897.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $656.8k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO VARIOUS CHARITABLE ORGANIZATIONS - SEE ATTACHED SCHEDULE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Rothstein Schwimmer President, Trustee | 3 | $0 | |
Kathleen Diamant Vp, Secretary, Trustee | 2 | $0 | |
Name Not Listed Treasurer, Trustee | 2 | $0 | |
Elizabeth Olofson Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $962 |
| Dividends & Interest | $358,192 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $533,203 |
| Capital Gain Net Income | $533,203 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,000 |
| Total Revenue | $897,357 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,026 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30,688 |
| Total operating and administrative expenses | $156,810 |
| Contributions, gifts, grants paid | $500,000 |
| Total expenses and disbursements | $656,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,868 |
| Savings and temporary cash investments | $129,254 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,769,576 |
| 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, Altschul Foundation has awarded $695,000 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ACHILLES TRACK CLUB INC PURPOSE: GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES | $15,000 |
ALVIN AILEY AMERICAN DANCE THEATRE (AILEY CAMPAILEY DANCE KIDS) PURPOSE: GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES | $20,000 |
AMERICAN FRIENDS OF ALYN HOSPITAL INC PURPOSE: GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES | $10,000 |
AMERICANS FOR PEACE NOW INC PURPOSE: GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES | $10,000 |
ANTI-DEFAMATION LEAGUE (MY VOICE OUR FUTURE) PURPOSE: GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES | $10,000 |
ART START (HOMELESS YOUTH OUTREACH PROGRAM) PURPOSE: GENERAL CHARITABLE, BENEVOLENT, SCIENTIFIC & EDUCATIONAL PURPOSES | $5,000 |