Jill & Mark Rachesky Charitable Foundation
- Assets
- $8.9m
- Revenue
- $140.5k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2002
- Data as of
- 12/2022
- EIN
- 13-7313091
Organization Overview
Jill & Mark Rachesky Charitable Foundation is located in New York, NY. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Jill & Mark Rachesky Charitable 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 12/2022, Jill & Mark Rachesky Charitable Foundation generated $140.5k in total revenue. All expenses for the organization totaled $846.2k during the year ending 12/2022. While expenses have increased by 5.5% per year over the past 8 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 2015, Jill & Mark Rachesky Charitable Foundation has awarded 158 individual grants totaling $2,959,884. 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
NONE
NONE
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Rachesky Trustee | 0 | $0 | |
Mark H Rachesky Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,016 |
| Dividends & Interest | $129,498 |
| 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 | $140,514 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100,617 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $89 |
| Total operating and administrative expenses | $100,706 |
| Contributions, gifts, grants paid | $745,500 |
| Total expenses and disbursements | $846,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,985 |
| Savings and temporary cash investments | $8,695,422 |
| 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 | $1,529 |
| 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 | $8,864,936 |
| 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, Jill & Mark Rachesky Charitable Foundation has awarded $745,500 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL SYNAGOGUE PURPOSE: GENERAL CHARITABLE PURPOSES | $18,000 |
COLUMBIA UNIVERSITY PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
CROHNS & COLITIS FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $2,500 |
DYSTAUNOMIA FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |
ICAHN SCHOOL OF MEDICINE-DUBIN PURPOSE: GENERAL CHARITABLE PURPOSES | $5,000 |
HARLEM VILLAGE ACADEMIES PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |