Karl Asch Foundation Inc
- Assets
- $652.4k
- Revenue
- $61.7k
- Investments
- $614.8k
- Employees
- 0
- Location
- Jenkintown, PA
- Founding
- 07/2015
- Data as of
- 12/2022
- EIN
- 47-1946151
Organization Overview
Karl Asch Foundation Inc is located in Jenkintown, PA. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Karl Asch Foundation Inc 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, Karl Asch Foundation Inc generated $61.7k 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 (41.3%) each year. All expenses for the organization totaled $342.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meredith Asch President | 0 | $0 | |
Philip Tortoreti Vice President | 0 | $0 | |
Christina Asch Treasurer | 0 | $0 | |
Peggy Christen Secretary | 5 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,248 |
| Dividends & Interest | $34,586 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,888 |
| Capital Gain Net Income | $23,888 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $61,722 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,021 |
| Printing and publications | $0 |
| Other expenses | $8,773 |
| Total operating and administrative expenses | $38,148 |
| Contributions, gifts, grants paid | $304,200 |
| Total expenses and disbursements | $342,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,621 |
| 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 | $652,432 |
| 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, Karl Asch Foundation Inc has awarded $304,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF THE ARAVA INSTITUTE PURPOSE: HUMAN WELFARE | $300,000 |
JEWISH NATIONAL FUND PURPOSE: HUMAN WELFARE | $4,200 |