Alex Saltsman Family Foundation
- Assets
- $508.5k
- Revenue
- $47.8k
- Investments
- $457.6k
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 38-3301275
Organization Overview
Alex Saltsman Family Foundation is located in Southfield, MI. The organization was established in 1997. 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 the central organization for a national or regional group of organizations. Alex Saltsman Family 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 12/2022, Alex Saltsman Family Foundation generated $47.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $50.3k during the year ending 12/2022. While expenses have increased by 1.8% per year over the past 4 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.
Since 2020, Alex Saltsman Family Foundation has awarded 36 individual grants totaling $140,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Saltsman President | 1 | $0 | |
Jerry Saltsman Treasurer | 1 | $0 | |
Elaine Miller Vice President | 1 | $0 | |
Sara Bricker Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $346 |
| Dividends & Interest | $47,476 |
| 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 | $47,822 |
| 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 | $20 |
| Total operating and administrative expenses | $4,122 |
| Contributions, gifts, grants paid | $46,160 |
| Total expenses and disbursements | $50,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,974 |
| 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 | $7,419 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $508,527 |
| 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, Alex Saltsman Family Foundation has awarded $46,160 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
YESHIVA BETH YEHUDA PURPOSE: GENERAL FUND | $28,200 |
HEBREW BENEVOLENT SOCIETY PURPOSE: GENERAL FUND | $200 |
WOMEN'S ORTHODOX LEAGUE PURPOSE: GENERAL FUND | $200 |
YESHIVA GEDOLA PURPOSE: GENERAL FUND | $1,360 |
YOUNG ISRAEL OF OAK PARK PURPOSE: GENERAL FUND | $9,200 |
KIDS KICKING CANCER PURPOSE: GENERAL FUND | $1,000 |