Rechler Family Foundation Inc
- Assets
- $10.3m
- Revenue
- $898.8k
- Investments
- $9.8m
- Employees
- 0
- Location
- Jericho, NY
- Founding
- 07/1988
- Data as of
- 12/2022
- EIN
- 59-2828631
Organization Overview
Rechler Family Foundation Inc is located in Jericho, NY. The organization was established in 1988. 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. Rechler 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, Rechler Family Foundation Inc generated $898.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rechler Family Foundation Inc has awarded 98 individual grants totaling $5,146,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bennett Rechler Treasurer | 1 | $0 | |
Hannah Rabinowitz Director | 1 | $0 | |
Yvetta Rechler-Newman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,606 |
| Dividends & Interest | $349,658 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $546,583 |
| Capital Gain Net Income | $546,583 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $898,847 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,982 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $14,132 |
| Contributions, gifts, grants paid | $1,180,000 |
| Total expenses and disbursements | $1,194,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $460,929 |
| 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 | $100,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,273,226 |
| 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, Rechler Family Foundation Inc has awarded $1,180,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: CHARITABLE CONTRIBUTION | $30,000 |
AMERICAN SOCIETY FOR TECHNION PURPOSE: CHARITABLE CONTRIBUTION | $920,000 |
COLD SPRING HARBOR LABORATORY PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
GUIDE DOG FOUNDATION FOR THE BLIND PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |
DC VOLUNTEER LAWYERS PROJECT PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |