Amg Charitable Foundation Inc
- Assets
- $128.8k
- Revenue
- $130.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Spring Valley, NY
- Founding
- 06/2008
- Data as of
- 12/2022
- EIN
- 26-1539068
Organization Overview
Amg Charitable Foundation Inc is located in Spring Valley, NY. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amg 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, Amg Charitable Foundation Inc generated $130.5k 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 (6.4%) each year. All expenses for the organization totaled $106.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Amg Charitable Foundation Inc has awarded 14 individual grants totaling $927,785. 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
COLLECTION AND DISBURSEMENT OF FUNDS TO PROVIDE FINANCIAL MEANS AND SUPPORT TO INDIVIDUALS AND FAMILIES OF INDIVIDUALS WHO ARE FULL TIME STUDENTS STUDYING TO BECOME RABBIS
DISTRIBUTIONS TO 501(C)(3) ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Gruen President | 1 | $0 | |
Michael Gruen Secretary | 0 | $0 | |
Allan Gruen Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $130,542 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $130,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $107 |
| Total operating and administrative expenses | $107 |
| Contributions, gifts, grants paid | $106,817 |
| Total expenses and disbursements | $106,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,752 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $128,752 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,001 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,001 |
Grants Awarded
Over the last fiscal year, Amg Charitable Foundation Inc has awarded $106,817 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MISC RECIPIENTS CO AMG CHARITABLE F PURPOSE: TO SUPPORT INDIVIDUAL STUDYING FULL TIME TO BECOME A RABBI | $77,200 |
MISC RECIPIENTS CO AMG CHARITABLE FOUNDATION PURPOSE: CHARITABLERELIGIOUS/CHARITABLE | $29,617 |