Nalith Inc
- Assets
- $5.8m
- Revenue
- $156.7k
- Investments
- $5.8m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 06/1985
- Data as of
- 12/2020
- 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 12/2020, Nalith Inc generated $156.7k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $192.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (21.3%) per year over the past 3 years. 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 |
|---|---|---|---|
Michael Tucker President | 20 | $78,518 | |
David M Glassberg ESQ Director | 5 | $14,000 | |
Cynthia Cowen Director | 3 | $9,000 | |
Hiam Karp Director | 3 | $9,000 | |
Joyce Dibenedetto-Colton Director | 3 | $9,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,332 |
| Dividends & Interest | $139,603 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,771 |
| Capital Gain Net Income | $13,771 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $156,706 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $119,518 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,318 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $200 |
| Printing and publications | $0 |
| Other expenses | $2,501 |
| Total operating and administrative expenses | $139,537 |
| Contributions, gifts, grants paid | $52,500 |
| Total expenses and disbursements | $192,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,305 |
| 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 | $5,848,847 |
| 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 $52,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Erie, PA PURPOSE: RESEARCH& DVLPMT OF ORGANIC FARMING | $14,000 |
Asheville, NC PURPOSE: RESEARCH& DVLPMT OF ORGANIC FARMING | $6,500 |
GO VEGGIE PURPOSE: RESEARCH& DVLPMT OF ORGANIC FARMING | $6,000 |
Forest Hills, NY PURPOSE: RESEARCH& DVLPMT OF ORGANIC FARMING | $5,500 |
ANIMAL OUTLOOK PURPOSE: RESEARCH& DVLPMNT OF ORGANIC FARMING | $5,000 |
WOODSTOCK FARM SANCTUARY PURPOSE: RESEARCH& DVLPMT OF ORGANIC FARMING | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |