The Sorala Foundation
- Assets
- $2.5m
- Revenue
- $508.2k
- Investments
- $1.2m
- Employees
- 0
- Location
- Lakewood, NJ
- Founding
- 08/2005
- Data as of
- 03/2023
- EIN
- 20-6186035
Organization Overview
The Sorala Foundation is located in Lakewood, NJ. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Sorala 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 03/2023, Sorala Foundation generated $508.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $425.7k during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Sorala Foundation has awarded 783 individual grants totaling $1,869,096. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ezriel Munk Co-President | 1 | $0 | |
Yaffa Munk Co-President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $453,499 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,176 |
| Net Rental Income | -$5,590 |
| Net Gain on Sale of Assets | -$6,658 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $7,308 |
| Other Income | $30,000 |
| Total Revenue | $508,225 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,688 |
| Depreciation | $14,487 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,286 |
| Printing and publications | $0 |
| Other expenses | $1,278 |
| Total operating and administrative expenses | $39,761 |
| Contributions, gifts, grants paid | $385,938 |
| Total expenses and disbursements | $425,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $266,188 |
| 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 | $668,773 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $416,744 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,045,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,526,796 |
| Accounts payable and accrued expenses | $145,265 |
| 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 | $145,265 |
Grants Awarded
Over the last fiscal year, The Sorala Foundation has awarded $385,938 in support to 237 organizations.
| Grant Recipient | Amount |
|---|---|
A TIME PURPOSE: GENERAL AND UNRESTRICTED | $180 |
ACHIM PURPOSE: GENERAL AND UNRESTRICTED | $6,500 |
AFO YAGD PURPOSE: GENERAL AND UNRESTRICTED | $180 |
AHAVAS CHESED PURPOSE: GENERAL AND UNRESTRICTED | $225 |
AGUDAS YISROEL OF AMERICA PURPOSE: GENERAL AND UNRESTRICTED | $180 |
AHAVAS TORAH CENTER PURPOSE: GENERAL AND UNRESTRICTED | $258 |