Karen Silvera Foundation
- Assets
- $414.1k
- Revenue
- $9.0k
- Investments
- $414.1k
- Employees
- 0
- Location
- Tenafly, NJ
- Founding
- 01/2012
- Data as of
- 12/2023
- EIN
- 30-0703505
Organization Overview
Karen Silvera Foundation is located in Tenafly, NJ. The organization was established in 2012. 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. Karen Silvera 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 12/2023, Karen Silvera Foundation generated $9.0k 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 (11.9%) each year. All expenses for the organization totaled $55.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Karen Silvera Foundation has awarded 80 individual grants totaling $139,962. 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 |
|---|---|---|---|
Karen Silvera President | 1 | $0 | |
Gabrielle Aboodi Secretary | 1 | $0 | |
Mayer Silvera Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,250 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,252 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,998 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $16,460 |
| Taxes | $360 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $123 |
| Total operating and administrative expenses | $17,918 |
| Contributions, gifts, grants paid | $37,515 |
| Total expenses and disbursements | $55,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $414,144 |
| 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 | $276,186 |
| Other liabilities | $0 |
| Total liabilities | $276,186 |
Grants Awarded
Over the last fiscal year, Karen Silvera Foundation has awarded $37,515 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BERGERN FAMILY CENTER PURPOSE: CHILD WELFARE | $250 |
WEILL CORNELL MEDICAL CENTER PURPOSE: MEDICAL RESEARCH | $25,000 |
AMERICAN FRIENDS OF OR PURPOSE: GENERAL CONTRIBUTION | $2,500 |
DWIGHT-ENGLEWOOD SCHOOL PURPOSE: EDUCATIONAL | $250 |
NE'EMAN FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $1,800 |
ZAKA CHESED SHEL EMET PURPOSE: GENERAL CONTRIBUTION | $1,000 |