Ravitz Family Foundation Inc
- Assets
- $1.0m
- Revenue
- $261.3k
- Investments
- $772.9k
- Employees
- 0
- Location
- Cherry Hill, NJ
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 52-1999567
Organization Overview
Ravitz Family Foundation Inc is located in Cherry Hill, NJ. The organization was established in 1997. 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. Ravitz 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 12/2022, Ravitz Family Foundation Inc generated $261.3k 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 (3.8%) each year. All expenses for the organization totaled $270.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ravitz Family Foundation Inc has awarded 707 individual grants totaling $1,674,494. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RAVITZ FAMILY FOUNDATION HOLDS TWO EVENTS, A SUMMER GOLF TOURNAMENT AND A WINTER DINNER EVENT, TO GENERATE REVENUE TO PROVIDE FOR THE HEALTH AND WELFARE OF INDIVIDUALS IN THE LOCAL COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Ravitz Trustee/chairman | 0.25 | $0 | |
Ronald H Ravitz Trustee/vice Chairman | 0.25 | $0 | |
Jason Ravitz Trustee/secretary | 0.25 | $0 | |
Shawn Ravitz Trustee/treasurer | 0.25 | $0 | |
Robert Schwartz ESQ Trustee | 0.25 | $0 | |
Nicholas Fifis Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $207,453 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,206 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,493 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $39,117 |
| Total Revenue | $261,283 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,534 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $115,527 |
| Total operating and administrative expenses | $121,946 |
| Contributions, gifts, grants paid | $148,038 |
| Total expenses and disbursements | $269,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $270,404 |
| 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 | $608,746 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,043,300 |
| 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, Ravitz Family Foundation Inc has awarded $148,038 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
ADATH EMANU-EL PURPOSE: GENERAL CHARITABLE PURPOSES | $1,500 |
ALICIA ROSE VICTORIOUS FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $3,500 |
ALL THINGS ARE POSSIBLE FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000 |
BANCROFT PURPOSE: GENERAL CHARITABLE PURPOSES | $1,578 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL CHARITABLE PURPOSES | $2,500 |
BETTER TOMORROW'S PURPOSE: GENERAL CHARITABLE PURPOSES | $964 |