Gittel Bas Akiva Foundation
- Assets
- $536.7k
- Revenue
- $429.0k
- Investments
- $418.5k
- Employees
- 0
- Location
- Lakewood, NJ
- Founding
- 12/2006
- Data as of
- 12/2022
- EIN
- 20-5111261
Organization Overview
Gittel Bas Akiva Foundation is located in Lakewood, NJ. The organization was established in 2006. 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. Gittel Bas Akiva 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, Gittel Bas Akiva Foundation generated $429.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $454.2k during the year ending 12/2022. While expenses have increased by 19.2% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simcha Schuck Trustee | 0.25 | $0 | |
Robert Schuck Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $291,514 |
| Interest on Savings | $137,500 |
| Dividends & Interest | $0 |
| 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 | $429,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,028 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $3,228 |
| Contributions, gifts, grants paid | $450,997 |
| Total expenses and disbursements | $454,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,748 |
| Savings and temporary cash investments | $12,699 |
| 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 | $89,750 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $330,097 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $536,710 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $190,500 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $190,500 |
Grants Awarded
Over the last fiscal year, Gittel Bas Akiva Foundation has awarded $149,770 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AGUDATH ISRAEL OF AMERICA PURPOSE: CHARITABLE | $5,000 |
TOURO COLLEGE PURPOSE: CHARITABLE | $5,000 |
SEE ATTACHED SCHEDULE PURPOSE: CHARITABLE | $121,970 |
KOLLEL BOKER OF BEECHWOOD PURPOSE: CHARITABLE | $11,300 |
CONG ADATH YEREIM PURPOSE: CHARITABLE | $6,500 |