H Y K Foundation
- Assets
- $229.6k
- Revenue
- $154.2k
- Investments
- $20.4k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 12/2013
- Data as of
- 12/2022
- EIN
- 46-2806391
Organization Overview
H Y K Foundation is located in Brooklyn, NY. The organization was established in 2013. 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. H Y K 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, H Y K Foundation generated $154.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $347.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, H Y K Foundation has awarded 401 individual grants totaling $2,929,475. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hershel Kaufman Trustee | 0.25 | $0 | |
Miriam Kaufman Treasurer | 0.25 | $0 | |
Yidel Kaufman Trustee | 0.25 | $0 | |
Isabel Kaufman Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $154 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,019 |
| Capital Gain Net Income | $4,019 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $154,173 |
| 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 | $26,973 |
| Total operating and administrative expenses | $27,223 |
| Contributions, gifts, grants paid | $320,470 |
| Total expenses and disbursements | $347,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,428 |
| Savings and temporary cash investments | $45,074 |
| 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 | $159,677 |
| 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 | $229,579 |
| 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 | $86,403 |
| Total liabilities | $86,403 |
Grants Awarded
Over the last fiscal year, H Y K Foundation has awarded $320,470 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF KUPAT HA'IR PURPOSE: GENERAL PURPOSE | $10,000 |
AVODAH PURPOSE: TO PROMOTE RELIGIOUS EDUCATION | $300 |
BAIS ROCHEL SCHOOL PURPOSE: GENERAL PURPOSE | $2,800 |
CHAI LIFELINE PURPOSE: TO PROMOTE RELIGIOUS EDUCATION | $180 |
CHASODIM TOVIM PURPOSE: TO ASSIST THE POOR AND INDIGENT | $1,800 |
BNOS DEVORAH HALL PURPOSE: TO PROMOTE RELIGIOUS EDUCATION | $3,670 |