Asm Family Charitable Foundation Trust
- Assets
- $349.0k
- Revenue
- $58.6k
- Investments
- $349.0k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 07/2014
- Data as of
- 10/2023
- EIN
- 46-4012857
Organization Overview
Asm Family Charitable Foundation Trust is located in Brooklyn, NY. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Asm Family Charitable Foundation Trust 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 10/2023, Asm Family Charitable Foundation Trust generated $58.6k 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 (10.4%) each year. All expenses for the organization totaled $64.6k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (13.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Asm Family Charitable Foundation Trust has awarded 211 individual grants totaling $1,934,624. 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 |
|---|---|---|---|
Shia Meisels Trustee | 3 | $0 | |
Helen Meisels Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $58,550 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $58,550 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $204 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $194 |
| Total operating and administrative expenses | $2,548 |
| Contributions, gifts, grants paid | $62,039 |
| Total expenses and disbursements | $64,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $349,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $349,000 |
| 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 | $305 |
| Total liabilities | $305 |
Grants Awarded
Over the last fiscal year, Asm Family Charitable Foundation Trust has awarded $62,039 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
THE OJC FUND PURPOSE: CHARITABLE | $32,000 |
ZICHRON MENACHEM INC PURPOSE: CHARITABLE | $9,000 |
MISCELLANEOUS CHARITIES UNDER 1000 PURPOSE: CHARITABLE | $7,885 |
CONGREGATION KOL TORAH PURPOSE: CHARITABLE | $2,600 |
CONGREGATION YETEV LEV DSATMAR OF PURPOSE: CHARITABLE | $6,325 |
KOLEL SHARY LIMUD PURPOSE: CHARITABLE | $2,229 |