Herbert M Citrin Charitable Foundation Inc
- Assets
- $3.0m
- Revenue
- $172.7k
- Investments
- $2.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2004
- Data as of
- 12/2022
- EIN
- 26-0095080
Organization Overview
Herbert M Citrin Charitable Foundation Inc is located in New York, NY. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Herbert M Citrin Charitable 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, Herbert M Citrin Charitable Foundation Inc generated $172.7k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $468.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Herbert M Citrin Charitable Foundation Inc has awarded 35 individual grants totaling $1,078,750. 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
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Mcgimsey VP | 8 | $0 | |
Brian Zimmerman Secy | 8 | $0 | |
Howard M Rubin Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $135,692 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,031 |
| Capital Gain Net Income | $37,031 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $172,723 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,335 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,031 |
| Total operating and administrative expenses | $48,621 |
| Contributions, gifts, grants paid | $420,000 |
| Total expenses and disbursements | $468,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $536,476 |
| 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 | $2,463,400 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,999,876 |
| 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, Herbert M Citrin Charitable Foundation Inc has awarded $420,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
THE HOPE PROGRAM PURPOSE: FOR ITS GENERAL CHARITABLE PURPOSES | $45,000 |
ST FRANCIS FOOD PANTRY PURPOSE: FOR ITS GENERAL CHRITABLE PURPOSES | $25,000 |
HARMONY PROGRAM PURPOSE: FOR ITS GENERAL CHARITABLE PURPOSES | $20,000 |
MANHATTAN THEATER CLUB PURPOSE: FOR ITS GENERAL CHARITABLE PURPOSES | $30,000 |
SANCTUARY FOR FAMILIES PURPOSE: FOR ITS GENERAL CHARITABLE PURPOSES | $30,000 |
UJA FEDERATION OF NY PURPOSE: FOR ITS GENERAL CHARITABLE PURPOSES | $105,000 |