Freund Fam Foundation
- Assets
- $4.4m
- Revenue
- $209.4k
- Investments
- $4.2m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 04/2003
- Data as of
- 12/2022
- EIN
- 20-0000450
Organization Overview
Freund Fam Foundation is located in Brooklyn, NY. The organization was established in 2003. 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. Freund Fam 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, Freund Fam Foundation generated $209.4k 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 (6.9%) each year. All expenses for the organization totaled $324.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Freund Fam Foundation has awarded 220 individual grants totaling $1,638,244. 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 |
|---|---|---|---|
Meir Freund Trustee | 1 | $0 | |
Bella Freund Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $37,750 |
| Dividends & Interest | $89,636 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,993 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $209,393 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,319 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49,087 |
| Total operating and administrative expenses | $55,746 |
| Contributions, gifts, grants paid | $268,297 |
| Total expenses and disbursements | $324,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,431 |
| Savings and temporary cash investments | $93,867 |
| 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 | $260,805 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,386,973 |
| 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, Freund Fam Foundation has awarded $268,297 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
KOLLEL INTERNATIONAL INC PURPOSE: CHARITABLE | $50,000 |
MS GIFT DONOR FUND PURPOSE: CHARITABLE | $44,000 |
OHEL CHILDRENS HOME AND FAMILY PURPOSE: CHARITABLE | $20,000 |
OURPLACE IN NY INC PURPOSE: CHARITABLE | $33,000 |
TAFKID INC PURPOSE: CHARITABLE | $15,000 |
KHAL BNEI AVROHOM YAAKOV INC PURPOSE: CHARITABLE | $17,833 |