The Maks And Lea Rothstein Charitable Youth Trust
- Assets
- $17.4m
- Revenue
- -$1.7m
- Investments
- $16.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2001
- Data as of
- 12/2021
- EIN
- 31-6652819
Organization Overview
The Maks And Lea Rothstein Charitable Youth Trust is located in New York, 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. Maks And Lea Rothstein Charitable Youth Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yehoshua Berinstein Manager | 35 | $152,550 | |
Gary Litke Chairman | 1 | $316 | |
Seth Ottensosser Board Of Directors | 1 | $316 | |
Michael Gewirtz Board Of Directors | 1 | $316 | |
Robert Katz Board Of Directors | 1 | $316 | |
Meir Hertz Board Of Directors | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $42 |
| Dividends & Interest | $506,848 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,222,897 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$19,008 |
| Total Revenue | -$1,735,015 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $153,814 |
| Other employee salaries and wages | $4,400 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,714 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,377 |
| Printing and publications | $0 |
| Other expenses | $107,261 |
| Total operating and administrative expenses | $318,933 |
| Contributions, gifts, grants paid | $1,423,146 |
| Total expenses and disbursements | $1,742,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,906 |
| Savings and temporary cash investments | $511,826 |
| 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 | $773,191 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,444,065 |
| Accounts payable and accrued expenses | $2,020 |
| 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 | $2,020 |
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|---|---|---|
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American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |