Bak Family Foundation Inc
- Assets
- $111.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Rochelle, NY
- Founding
- 11/2015
- Data as of
- 12/2021
- EIN
- 47-5016032
The information for Bak Family Foundation Inc is as of the organization's most recent filing in December '21. This organization is located in New Rochelle, NY. It has been in existence for 6 years, following its founding in 2015.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Bak Family Foundation Inc's NTEE code is T20. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "20" tells us that the organization is a Private Grantmaking Foundation. The NTEE describes Private Grantmaking Foundations as nongovernmental, nonprofit organizations with funds and programs managed by trustees or directors established to maintain charitable activities serving the common welfare, primarily through grantmaking. Additionally, the organization is classified as a 501(c)(3) organization, meaning it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work, according to the Internal Revenue Code.
Grant History
Our dataset includes six years of grant history for the Bak Family Foundation Inc. In those six years, they have awarded a total of 52 grants, with an average check size of $12,181. The foundation awards an average of 9 grants each year. The majority of their grants are in the Religion-Related sector, with 8 awards. They also award grants in the Philanthropy, Voluntarism & Grantmaking Foundations sector (5 awards) and the Education sector (2 awards). In terms of geographical distribution, the foundation primarily awards grants in New York (38), followed by Michigan (5), Delaware (4), New Jersey (2), Pennsylvania (1), and Florida (1).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harris Bak President & Treasurer | 5 | $0 | |
Esther Bak V. President & Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| 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 | $0 |
| 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 | $475 |
| Total operating and administrative expenses | $2,248 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $52,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,497 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $111,497 |
| 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, Bak Family Foundation Inc has awarded $50,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GATESTONE INSTITUTE PURPOSE: GENERAL TAX-EXEMPT PURPOSES. | $30,000 |
OHR TORAH STONE PURPOSE: GENERAL TAX-EXEMPT PURPOSES. | $10,000 |
New York, NY PURPOSE: GENERAL TAX-EXEMPT PURPOSES. | $5,000 |
New York, NY PURPOSE: GENERAL TAX-EXEMPT PURPOSES. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |