Asm Family Charitable Foundation Trust
- Assets
- $354.7k
- Revenue
- $67.7k
- Investments
- $349.0k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 07/2014
- Data as of
- 10/2022
- 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 10/2022, Asm Family Charitable Foundation Trust generated $67.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $164.5k during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Asm Family Charitable Foundation Trust has awarded 178 individual grants totaling $1,649,588. 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 |
|---|---|---|---|
Shia Meisels Trustee | 3 | $0 | |
Helen Meisels Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $62,072 |
| Interest on Savings | $5,675 |
| 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 | $67,747 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $125 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $145 |
| Total operating and administrative expenses | $270 |
| Contributions, gifts, grants paid | $164,194 |
| Total expenses and disbursements | $164,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,732 |
| 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 | $354,732 |
| 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, Asm Family Charitable Foundation Trust has awarded $164,194 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Monsey, NY PURPOSE: CHARITABLE | $98,376 |
Brooklyn, NY PURPOSE: CHARITABLE | $28,000 |
Monsey, NY PURPOSE: CHARITABLE | $12,000 |
Brooklyn, NY PURPOSE: CHARITABLE | $6,716 |
Spring Valley, NY PURPOSE: CHARITABLE | $6,100 |
MISCELLANEOUS CHARITIES UNDER 1000 PURPOSE: CHARITABLE | $4,550 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Asm Family Charitable Foundation Trust has recieved totaling $19,500.
| Awarding Organization | Amount |
|---|---|
The Ojc Fund Brooklyn, NY PURPOSE: GENERAL SUPPORT | $6,500 |
The Ojc Fund Brooklyn, NY PURPOSE: GENERAL SUPPORT | $6,500 |
The Ojc Fund Brooklyn, NY PURPOSE: GENERAL SUPPORT | $6,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Medical Research Foundation Needham, MA | $9,824,950 | $46,333,953 |
Donald B And Dorothy L Stabler Foundation Harrisburg, PA | $483,040,822 | $63,822,611 |
Fund For Charitable Giving Pittsburgh, PA | $174,176,180 | $114,342,351 |
Hope For Youth Inc Amityville, NY | $10,865,800 | $14,335,992 |
Lauren And Lee Fixel Family Foundation Inc New York, NY | $40,185,371 | $21,974,777 |
Joy In Childhood Foundation Inc Canton, MA | $7,582,989 | $8,931,292 |
Joint Council For Economic Opportunity Of Clinton & Franklin Plattsburgh, NY | $5,357,972 | $10,698,049 |
Health Management Group Ltd Getzville, NY | $13,266,135 | $8,802,636 |
Roy Lichtenstein Foundation New York, NY | $85,182,586 | $2,378,185 |
Mccance Foundation Tr North Scituate, MA | $91,930,926 | $3,999,038 |
Childrens Dyslexia Centers Inc Lexington, MA | $70,604,540 | $15,265,584 |
North Central Area Agency On Aging Inc Hartford, CT | $1,856,134 | $6,505,484 |