Nalith Inc
- Assets
- $6.1m
- Revenue
- $218.7k
- Investments
- $6.0m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 06/1985
- Data as of
- 12/2023
- EIN
- 59-2323680
Organization Overview
Nalith Inc is located in Miami, FL. The organization was established in 1985. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Nalith 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 12/2023, Nalith Inc generated $218.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $249.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Nalith Inc has awarded 75 individual grants totaling $353,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Tucker President | 0 | $0 | |
Hiam Karp Director | 0 | $0 | |
Joyce Dibenedetto-Colton Director | 0 | $0 | |
David M Glassberg ESQ Director | 0 | $0 | |
Cynthia Cowen Director | 0 | $0 | |
Joyce Dibenedetto-Coltin Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,375 |
| Dividends & Interest | $150,655 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,717 |
| Capital Gain Net Income | $65,717 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $218,747 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $118,747 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,691 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,204 |
| Printing and publications | $0 |
| Other expenses | $2,069 |
| Total operating and administrative expenses | $150,711 |
| Contributions, gifts, grants paid | $98,500 |
| Total expenses and disbursements | $249,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,535 |
| 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 | $6,106,519 |
| 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, Nalith Inc has awarded $98,500 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN VEGAN SOCIETY PURPOSE: RESEARCH& DVLPMNT OF ORGANIC FARMING | $6,000 |
ANIMAL OUTLOOK PURPOSE: RESEARCH& DVLPMNT OF ORGANIC FARMING | $2,000 |
ANN WIGMORE NATURAL HEALTH INST PURPOSE: RESEARCH& DVLPMNT OF ORGANIC FARMING | $2,500 |
CATSKILL ANIMAL SANCTUARY PURPOSE: RESEARCH& DVLPMNT OF ORGANIC FARMING | $5,000 |
CLUB VEG PURPOSE: RESEARCH&DVLPMENT OF ORGANIC FARMING | $3,000 |
COALITION FOR HEALTHY SCHOOL FOOD PURPOSE: RESEARCH& DVLPMNT OF ORGANIC FARMING | $10,000 |