Edwin & Shirley Woldar Family Foundation Inc
- Assets
- $1.8m
- Revenue
- $239.2k
- Investments
- $1.5m
- Employees
- 0
- Location
- Roslyn, NY
- Founding
- 08/2001
- Data as of
- 12/2022
- EIN
- 22-3819532
Organization Overview
Edwin & Shirley Woldar Family Foundation Inc is located in Roslyn, NY. The organization was established in 2001. 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. Edwin & Shirley Woldar Family 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, Edwin & Shirley Woldar Family Foundation Inc generated $239.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $371.7k during the year ending 12/2022. While expenses have increased by 1.4% per year over the past 7 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.
Since 2014, Edwin & Shirley Woldar Family Foundation Inc has awarded 171 individual grants totaling $769,514. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2016, FOUNDATION CO-SPONSORED "MISSION" TRIP TO ISRAEL WITH THE UJA FEDERATION, TO SUPPORT AND EDUCATE THE JEWISH CULTURE AND PROVIDE COMMUNITY OUTREACH. TEN PARTICIPANTS WERE INCLUDED IN THE MISSION. OTHER CHARITIES INVOLVED WITH THE TRIP INCLUDED: SUNRISE CAMP, SCHNEIDER'S CHILDREN'S MEDICAL CENTER OF ISRAEL, URBAN CULTURE TOUR, AYALON INSTITUTE, RABIN CENTER, SUSANS HOUSE AND FUCHSBERG JERUSALEM CENTER.THE TRIP SUCCESSFULLY PROVIDED THE OPPORTUNITY FOR PARTICIPANTS TO TOUR ISRAEL AND TO LEARN ABOUT THE JEWISH HERITAGE. THE "UJA IS THE HUB OF A DIVERSE COMMUNITY FULLY COMMITTED TO ISRAEL AND JEWS EVERYWHERE" AND THE FOUNDATION SUCCESSFULLY PARTNERED WITH A GREAT ORGANIZATION TO FURTHER EDUCATE AND ENHANCE THE JEWISH EXPERIENCE. PARTICIPANTS WERE ALSO ABLE TO VISIT THE SCHNEIDER CHILDREN'S MEDICAL CENTER TRAUMA AND RESUSCITATION ROOM, IN TEL AVIV, ISRAEL, FUNDED BY GRANTS FROM THIS FOUNDATION.$11,400 WAS THE REMAINING EXPENSE ASSOCIATED WITH THIS CHARITABLE ACTIVITY, PAID IN 2017.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Woldar Director | 0.25 | $0 | |
Kara Woldar Director | 0.25 | $0 | |
Paul Woldar President | 13 | $60,000 | |
Jay Woldar Secretary/treas | 10 | $60,000 | |
Daniel Woldar Director | 0.25 | $0 | |
Ariel Woldar Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $85,157 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $154,062 |
| Capital Gain Net Income | $154,062 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $239,219 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $33 |
| Taxes | $950 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $152,584 |
| Printing and publications | $0 |
| Other expenses | $13,233 |
| Total operating and administrative expenses | $294,498 |
| Contributions, gifts, grants paid | $77,188 |
| Total expenses and disbursements | $371,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,974 |
| Savings and temporary cash investments | $115,110 |
| 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 | $886,254 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,807,171 |
| 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 | $4,118 |
| Total liabilities | $4,118 |
Grants Awarded
Over the last fiscal year, Edwin & Shirley Woldar Family Foundation Inc has awarded $77,188 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
WOODBURY JEWISH CENTER PURPOSE: EDWIN & SHIRLEY WOLDAR SCHOLAR IN RESIDENCE PROGRAM SUPPORT GRANT | $27,965 |
AMERICAN CANCER SOCIETY PURPOSE: UNRESTRICTED CANCER RESEARCH RELATED SUPPORT GRANT | $18,025 |
PAT COVELLI FOUNDATION PURPOSE: GRANT FOR SUPPORT OF VARIOUS PUBLIC-HEALTH ORIENTED PUBLIC CHARITIES | $3,100 |
COMMUNITY MAINSTREAMING ASSOCIATES PURPOSE: UNRESTRICTED INTELLECTUAL AND DEVELOPMENTAL DISABILITY RELATED GRANT | $3,400 |
GURWIN JEWISH HEALTH FOUNDATION PURPOSE: UNRESTRICTED GRANT TO SUPPORT QUALITY HEALTH CARE, SERVICES AND PROGRAMS FOR FRAIL, ELDERLY AND YOUNGER DISABLED ADULTS | $8,000 |
HYDROCEPHALUS ASSOCIATION PURPOSE: UNRESTRICTED GRANT TO SUPPORT HYDROCEPHALUS RESEARCH AND TREATMENT | $150 |