New Tamarind Foundation
- Assets
- $141.1m
- Revenue
- $29.4m
- Investments
- $136.8m
- Employees
- 0
- Location
- Harrison, NY
- Founding
- 02/2009
- Data as of
- 06/2024
- EIN
- 26-3324875
Organization Overview
New Tamarind Foundation is located in Harrison, NY. The organization was established in 2009. 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. New Tamarind 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 06/2024, New Tamarind Foundation generated $29.4m in total revenue. All expenses for the organization totaled $13.2m during the year ending 06/2024. While expenses have increased by 175.2% per year over the past 5 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 2020, New Tamarind Foundation has awarded 38 individual grants totaling $24,687,396. 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 |
|---|---|---|---|
Joan Rechnitz President, Director | 3 | $0 | |
John Dias Vice President, Director | 35 | $275,000 | |
Wendie Eigen-Weinstein Treasurer, Director | 1 | $0 | |
Michael Hurst Secretary, Director | 35 | $275,000 | |
Helaine Lerner Director | 1 | $0 | |
Scott Cullen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $217,205 |
| Dividends & Interest | $183,316 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,949,642 |
| Capital Gain Net Income | $29,949,786 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $403 |
| Total Revenue | $29,350,566 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $550,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $76,879 |
| Interest | $0 |
| Taxes | $639,342 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $20,239 |
| Printing and publications | $111 |
| Other expenses | $6,077 |
| Total operating and administrative expenses | $1,398,578 |
| Contributions, gifts, grants paid | $11,756,585 |
| Total expenses and disbursements | $13,155,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,449 |
| Savings and temporary cash investments | $4,184,573 |
| 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 | $141,130,531 |
| 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, New Tamarind Foundation has awarded $11,756,585 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FOOD & WATER WATCH PURPOSE: GENERAL OPERATING SUPPORT | $3,950,287 |
LUNCH BREAK PURPOSE: GENERAL OPERATING SUPPORT | $300,000 |
MONMOUTH UNIVERSITY PURPOSE: ESTABLISH SCHOLARSHIP FUND | $7,500,298 |
THE WHITE COAT WASTE PROJECT INC PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
UJA-FEDERATION OF NEW YORK PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |