Adar Foundation
- Assets
- $4.4m
- Revenue
- $3.4m
- Investments
- $338.5k
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2008
- Data as of
- 12/2022
- EIN
- 20-6607160
Organization Overview
Adar Foundation is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Adar 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, Adar Foundation generated $3.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $4.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Adar Foundation has awarded 164 individual grants totaling $8,911,451. 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 |
|---|---|---|---|
Menachem Pinck Trustee, President & VP | 5 | $0 | |
Patricia Stratford Resigned 8822 Treasurer | 0.5 | $0 | |
Leah Sholem Secretary | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,382,224 |
| Interest on Savings | $2 |
| Dividends & Interest | $13,721 |
| 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 | $3,395,947 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $294 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,200 |
| Total operating and administrative expenses | $23,372 |
| Contributions, gifts, grants paid | $4,167,187 |
| Total expenses and disbursements | $4,190,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,848,359 |
| Savings and temporary cash investments | $35,838 |
| 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 | $2,152,621 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,683 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,650 |
| Total assets | $4,376,949 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,000,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,000,000 |
Grants Awarded
Over the last fiscal year, Adar Foundation has awarded $4,167,187 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIM ETZ CHAIM CENTER PURPOSE: GENERAL SUPPORT | $5,000 |
AF OF KIRYAT CHINUCH LABONIM INC PURPOSE: GENERAL SUPPORT | $90,000 |
AF OF KAHILAS KAMENITZ PURPOSE: GENERAL SUPPORT | $100,000 |
AF OF MOSDOS KENESES YESHURUN PURPOSE: GENERAL SUPPORT | $165,000 |
AF OF YESHIVAS GEDOLAH MATISYAHU INC PURPOSE: GENERAL SUPPORT | $3,600 |
AF OF YESHIVA HALACHA LMOSHE INC PURPOSE: GENERAL SUPPORT | $3,500 |