Brothers Ashkenazi Foundation Inc
- Assets
- $6.9m
- Revenue
- $387.7k
- Investments
- $6.6m
- Employees
- 0
- Location
- Long Branch, NJ
- Founding
- 01/1998
- Data as of
- 02/2023
- EIN
- 22-3469592
Organization Overview
Brothers Ashkenazi Foundation Inc is located in Long Branch, NJ. The organization was established in 1998. 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. Brothers Ashkenazi Foundation Inc 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 02/2023, Brothers Ashkenazi Foundation Inc generated $387.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $1.0m during the year ending 02/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ezra E Ashkenazi Trustee | 10 | $0 | |
Isaac Ashkenazi Trustee | 10 | $0 | |
Ronald Ashkenazi Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27 |
| Dividends & Interest | $392,761 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,092 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $387,696 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $18,846 |
| Taxes | $3,892 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $481 |
| Total operating and administrative expenses | $23,219 |
| Contributions, gifts, grants paid | $1,024,640 |
| Total expenses and disbursements | $1,047,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $288,283 |
| 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 | $6,646,506 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,934,789 |
| 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 | $751,731 |
| Total liabilities | $751,731 |
Grants Awarded
Over the last fiscal year, Brothers Ashkenazi Foundation Inc has awarded $1,024,640 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH COMMUNAL FUND PURPOSE: CHARITY | $750,000 |
VARIOUS AVAILABLE UPON REQUEST PURPOSE: CHARITY | $102,640 |
MAGEN DAVID YESHIVA PURPOSE: CHARITY | $172,000 |