Aar Charitable Foundation
- Assets
- $3.1m
- Revenue
- $87.6k
- Investments
- $2.4m
- Employees
- 0
- Location
- Lakewood, NJ
- Founding
- 12/2013
- Data as of
- 12/2023
- EIN
- 46-1748807
Organization Overview
Aar Charitable Foundation is located in Lakewood, NJ. The organization was established in 2013. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aar Charitable 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 12/2023, Aar Charitable Foundation generated $87.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (22.0%) each year. All expenses for the organization totaled $211.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Aar Charitable Foundation has awarded 235 individual grants totaling $992,522. 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 |
|---|---|---|---|
Baruch Jeremias Trustee | 2 | $0 | |
Chana Jeremias Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,261 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,385 |
| Capital Gain Net Income | $38,385 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $87,646 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,861 |
| Total operating and administrative expenses | $38,160 |
| Contributions, gifts, grants paid | $172,900 |
| Total expenses and disbursements | $211,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,956 |
| Savings and temporary cash investments | $171,263 |
| 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 | $428,186 |
| 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 | $3,109,098 |
| 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 | $330,987 |
| Total liabilities | $330,987 |
Grants Awarded
Over the last fiscal year, Aar Charitable Foundation has awarded $172,900 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
AHACAS TZEDAKA INC PURPOSE: TO PROVIDE SUPPORT FOR THE CONGREGATION. | $500 |
AMERICAN FRIENDS OF TORAH UMESORAH OF LATINOAMERICA INC PURPOSE: TO PROVIDE SUPPORT FOR THE ORGANIZATION'S MISSION. | $10,000 |
AMERICAN FRIENDS OF YESHIVA D'MIR INC PURPOSE: TO PROVIDE SUPPORT FOR EDUCATION. | $100,000 |
BEER HAGOLAH INSTITUTES INC PURPOSE: TO PROVIDE SUPPORT FOR EDUCATION. | $1,800 |
CONGREGATION KHAL NEW CITY PURPOSE: TO PROVIDE SUPPORT FOR THE ORGANIZATION'S MISSION. | $2,500 |
CONGREGATION YIREY HAS PURPOSE: TO PROVIDE SUPPORT FOR THE ORGANIZATION'S MISSION. | $7,600 |