Finkelstein Foundation Inc
- Assets
- $1.1m
- Revenue
- $52.1k
- Investments
- $1.1m
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 12/1996
- Data as of
- 12/2022
- EIN
- 22-3477816
Organization Overview
Finkelstein Foundation Inc is located in Stamford, CT. The organization was established in 1996. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Finkelstein 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 12/2022, Finkelstein Foundation Inc generated $52.1k 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 (6.7%) each year. All expenses for the organization totaled $43.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Finkelstein Foundation Inc has awarded 114 individual grants totaling $867,668. 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 |
|---|---|---|---|
Michael Finkelstein President | 1 | $0 | |
Sue-Ann Friedman Vice President | 0 | $0 | |
Alix Finkelstein Secretary | 0 | $0 | |
David Finkelstein Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $13,732 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,239 |
| Capital Gain Net Income | $37,239 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,117 |
| Total Revenue | $52,101 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $545 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $275 |
| Total operating and administrative expenses | $12,933 |
| Contributions, gifts, grants paid | $30,385 |
| Total expenses and disbursements | $43,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,192 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $10,071 |
| 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 | $1,094,412 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,136,675 |
| 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, Finkelstein Foundation Inc has awarded $30,385 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BREAST CANCER RESEARCH FOUNDATION PURPOSE: UNRESTRICTED CONTRIBUTION | $7,000 |
ANTI DEFAMATION LEAGUE PURPOSE: UNRESTRICTED CONTRIBUTION | $1,000 |
NY PHILHARMONIC PURPOSE: UNRESTRICTED CONTRIBUTION | $5,000 |
TEMPLE SHOLOM PURPOSE: UNRESTRICTED CONTRIBUTION | $4,518 |
NATIONAL MS SOCIETY PURPOSE: UNRESTRICTED CONTRIBUTION | $125 |
CHABAD OF CONNECTICUT PURPOSE: UNRESTRICTED CONTRIBUTION | $5,000 |