Simbat Foundation
- Assets
- $0.0
- Revenue
- $408.4k
- Investments
- $8.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2010
- Data as of
- 12/2020
- EIN
- 27-2852979
Organization Overview
Simbat Foundation is located in New York, NY. The organization was established in 2010. 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. Simbat 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 12/2020, Simbat Foundation generated $408.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (29.4%) each year. All expenses for the organization totaled $685.5k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Simbat Foundation has awarded 38 individual grants totaling $5,175,150. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabriel Nechamkin President | 1 | $0 | |
Beth Nechamkin Vice President | 1 | $0 | |
Jay Braunstein Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,038 |
| Dividends & Interest | $382,645 |
| Profit on Inventory Sales | $0 |
| Other Income | $690 |
| Total Revenue | $408,373 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $30,493 |
| Contributions, gifts, grants paid | $655,050 |
| Total expenses and disbursements | $685,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,994,366 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,612,214 |
| Other assets | $12,129 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $110,405 |
Grants Awarded
Over the last fiscal year, Simbat Foundation has awarded $729,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Hartsdale, NY PURPOSE: UNRESTRICTED | $350,000 |
UJA-FEDERATION PURPOSE: UNRESTRICTED | $350,000 |
JCC OF HARRISON PURPOSE: UNRESTRICTED | $29,000 |
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 |