Raymond And Gloria Naftali Foundation
- Assets
- $5.0m
- Revenue
- $2.1m
- Investments
- $3.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2008
- Data as of
- 12/2021
- EIN
- 26-1267667
Organization Overview
Raymond And Gloria Naftali Foundation is located in New York, NY. The organization was established in 2008. 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. Raymond And Gloria Naftali 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 12/2021, Raymond And Gloria Naftali Foundation generated $2.1m in total revenue. All expenses for the organization totaled $213.0k during the year ending 12/2021. While expenses have increased by 54.2% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dominick Porto President And Director | 1 | $10,000 | |
Derek Wolman Secretary And Director | 1 | $0 | |
Salvatore Laspada Director | 1 | $0 | |
Ronald D'amico Director | 1 | $0 | |
Gloria Naftali Director | 0 | $0 | |
Arthur Koplowitz Treasurer And Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $9,502 |
| Dividends & Interest | $34,626 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,147 |
| Capital Gain Net Income | $15,147 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,059,275 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2 |
| Taxes | $297 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,427 |
| Total operating and administrative expenses | $143,991 |
| Contributions, gifts, grants paid | $69,000 |
| Total expenses and disbursements | $212,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,057,727 |
| Savings and temporary cash investments | $0 |
| 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 | $2,981,085 |
| Net Land, buildings, and equipment | $1,282 |
| Other assets | $0 |
| Total assets | $5,040,094 |
| 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, Raymond And Gloria Naftali Foundation has awarded $69,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn, NY PURPOSE: CHARITABLE PURPOSES | $16,550 |
New York, NY PURPOSE: CHARITABLE PURPOSES | $6,900 |
Sarasota, FL PURPOSE: CHARITABLE PURPOSES | $6,900 |
THE PLAZA CINEMA ARTS & MED ARTS CENTER PURPOSE: CHARITABLE PURPOSES | $6,900 |
Goldsboro, NC PURPOSE: CHARITABLE PURPOSES | $6,900 |
New York, NY PURPOSE: CHARITABLE PURPOSES | $6,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |