Hugo Goldsmith Trust 22224400
- Assets
- $4.4m
- Revenue
- $754.6k
- Investments
- $4.2m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 31-6020370
Organization Overview
Hugo Goldsmith Trust 22224400 is located in Cincinnati, OH. The organization was established in 2019. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hugo Goldsmith Trust 22224400 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 12/2021, Hugo Goldsmith Trust 22224400 generated $754.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 58.0% each year . All expenses for the organization totaled $428.3k during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 3 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $133,359 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $621,254 |
| Capital Gain Net Income | $621,254 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $754,613 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $71,222 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,751 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $76,348 |
| Contributions, gifts, grants paid | $352,000 |
| Total expenses and disbursements | $428,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $241,930 |
| 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 | $3,361,147 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,447,774 |
| 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, Hugo Goldsmith Trust 22224400 has awarded $352,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: PROGRAM SUPPORT | $176,000 |
Cincinnati, OH PURPOSE: PROGRAM SUPPORT | $176,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Family Service Association Of Cleveland Ohio Pepper Pike, OH | $51,940,988 | $28,477,468 |
Camp Morasha Inc Lakewood, PA | $14,774,657 | $11,987,429 |
Jewish Education Center Of Cleveland Cleveland Hts, OH | $11,268,658 | $7,505,969 |
Gross Schechter Day School Pepper Pike, OH | $8,106,173 | $6,350,010 |
Abrams Hebrew Academy Yardley, PA | $3,322,316 | $5,470,674 |
New Destiny Treatment Center Inc Clinton, OH | $9,023,672 | $6,049,111 |
Talmudical Yeshiva Of Philadelphia Philadelphia, PA | $20,319,303 | $5,074,262 |
Jewish Columbus Columbus, OH | $977,602 | $3,720,907 |
Moving Traditions Elkins Park, PA | $3,152,130 | $3,463,085 |
The Hasten Hebrew Academy Of Indianapolis Inc Indianapolis, IN | $4,103,552 | $2,204,611 |
Jewish Hospice & Chaplaincy Network West Bloomfield, MI | $17,936,893 | $3,914,101 |
Congregation Bnai Brith Hillel East Lansing, MI | $2,264,584 | $2,024,519 |