Yms Foundation Inc
- Assets
- $3.9m
- Revenue
- $306.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 04/2001
- Data as of
- 06/2022
- EIN
- 31-1732873
Organization Overview
Yms Foundation Inc is located in Brooklyn, NY. The organization was established in 2001. 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. Yms 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 06/2022, Yms Foundation Inc generated $306.4k 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 (19.5%) each year. All expenses for the organization totaled $192.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Yms Foundation Inc has awarded 164 individual grants totaling $921,735. 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 |
|---|---|---|---|
Michael Steinmetz Vice President & Secretary | 0 | $0 | |
Abraham Weingarten Treasurer | 0 | $0 | |
Bernat Steinmetz President | 0 | $0 | |
Ruth Steinmetz Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $306,385 |
| 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 | $306,385 |
| 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 | $190 |
| Total operating and administrative expenses | $190 |
| Contributions, gifts, grants paid | $192,320 |
| Total expenses and disbursements | $192,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,947 |
| Savings and temporary cash investments | $37,263 |
| 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 | $2,991,750 |
| 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 | $902,969 |
| Total assets | $3,933,929 |
| 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, Yms Foundation Inc has awarded $192,320 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
BAIS ESTHER SCHOOL PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $7,200 |
BOBOVER YESHIVA OF MONSEY PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $5,000 |
CONG BNAI SHLOMA ZALMAN PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $2,500 |
BETH MEDRASH MEOR YITZCHOK PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $3,000 |
ACH TOV V CHESED PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $15,000 |
CONG MISHKAN YECHESKEL PURPOSE: TO PROMOTE ACTIVITIES OF ORGANIZATION | $4,800 |