Foundation For The Advancement Of Religious Observance And Education
- Assets
- $385.4k
- Revenue
- $274.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 03/2012
- Data as of
- 12/2022
- EIN
- 45-6634258
Organization Overview
Foundation For The Advancement Of Religious Observance And Education is located in Brooklyn, NY. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Foundation For The Advancement Of Religious Observance And Education 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, Foundation For The Advancement Of Religious Observance And Education generated $274.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $552.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Foundation For The Advancement Of Religious Observance And Education has awarded 44 individual grants totaling $4,942,257. 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
PROMOTING JEWISH EDUCATION GLOBALY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillipe Goldschmidt Trustee | 1 | $0 | |
Boris Potopovsky Trustee | 1 | $0 | |
Simma Brodie Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,108 |
| 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 | $274,108 |
| 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 | $45,920 |
| Total operating and administrative expenses | $45,920 |
| Contributions, gifts, grants paid | $506,100 |
| Total expenses and disbursements | $552,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $385,400 |
| 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 | $385,400 |
| 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, Foundation For The Advancement Of Religious Observance And Education has awarded $506,100 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE MOSCOW JEWISH RELIGIUOS COMMUNITY ORGANIZATION PURPOSE: EDUCATION SERVICES | $34,100 |
JEWISH PUBLISHING TRUST PURPOSE: EDUCATION SERVICES | $251,000 |
TORIA FOUNDATION PURPOSE: EDUCATION SERVICES | $195,000 |
CANADIAN FOUNDATION PURPOSE: EDUCATION SERVICES | $26,000 |