Touba Family Foundation Inc
- Assets
- $1.1m
- Revenue
- $26.7k
- Investments
- $957.2k
- Employees
- 0
- Location
- Glens Falls, NY
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-2498630
Organization Overview
Touba Family Foundation Inc is located in Glens Falls, NY. The organization was established in 2015. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Touba Family 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 12/2021, Touba Family Foundation Inc generated $26.7k 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 (43.4%) each year. All expenses for the organization totaled $79.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Touba Family Foundation Inc has awarded 122 individual grants totaling $417,475. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Touba Wagner Vice President | 1 | $0 | |
Riza Touba President | 1 | $0 | |
Jacquiline Touba Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $194 |
| Dividends & Interest | $25,286 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,180 |
| Capital Gain Net Income | $1,180 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,660 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,437 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $280 |
| Total operating and administrative expenses | $4,442 |
| Contributions, gifts, grants paid | $74,515 |
| Total expenses and disbursements | $78,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $93,903 |
| 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 | $1,051,123 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,250 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,250 |
Grants Awarded
Over the last fiscal year, Touba Family Foundation Inc has awarded $74,515 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
WESTWOOD LIBRARY PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $10,000 |
Glens Falls, NY PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $6,000 |
CRANDALL PUBLIC LIBRARY PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $4,250 |
Schroon Lake, NY PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $4,000 |
Glens Falls, NY PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $4,000 |
GLENS FALLS SYMPHONY PURPOSE: CONTRIBUTIONS MADE TO AID AND ASSIST THE DONEE IN THE FUNCTION FOR WHICH THEY HAVE BEEN GRANTED TAX EXEMPT STATUS. | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Lyford Cay Foundation Inc Greenwich, CT | $29,953,842 | $2,393,799 |
Donald P And Mary E Moriarty Charitable Foundation Chatham, NJ | $28,351,035 | $10,104,907 |
Reitmeier Charitable Trust U-W Fund Pittsburgh, PA | $0 | $783,026 |
Wings For Things Foundation Inc Sandy Hook, CT | $31,046,537 | $6,302,092 |
The Daniel E And Joyce G Straus Family Foundation Fort Lee, NJ | $70,788,886 | $23,200,737 |