Edward Blank And Sharon Cosloy Blank Family Foundation Inc
- Assets
- $1.8m
- Revenue
- $195.4k
- Investments
- $1.7m
- Employees
- 0
- Location
- Farmingdale, NY
- Founding
- 01/2004
- Data as of
- 10/2023
- EIN
- 65-1175720
Organization Overview
Edward Blank And Sharon Cosloy Blank Family Foundation Inc is located in Farmingdale, NY. The organization was established in 2004. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Edward Blank And Sharon Cosloy Blank 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 10/2023, Edward Blank And Sharon Cosloy Blank Family Foundation Inc generated $195.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $340.5k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Edward Blank And Sharon Cosloy Blank Family Foundation Inc has awarded 93 individual grants totaling $2,851,773. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORGANIZATIONS THAT PROVIDE SCHOLARSHIPS TO DESERVING STUDENTS
TO PROVIDE FUNDING TO ORGANIZATIONS INVOLVED IN THE DEVELOPMENT OF ISREAL AND THE HISTORY OF THE JEWISH PEOPLE.
TO PROMOTE ACTIVE US ENGAGEMENT TO ACHIEVE A PEACEFUL SOLUTION TO ARAB/ISRAELI CONFLICT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Blank President | 0 | $35,000 | |
Michael Blank Vice President | 0 | $0 | |
Rebecca Blank Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,040 |
| Dividends & Interest | $22,003 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $165,343 |
| Capital Gain Net Income | $165,343 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$4,009 |
| Total Revenue | $195,377 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,753 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,548 |
| Total operating and administrative expenses | $90,541 |
| Contributions, gifts, grants paid | $249,963 |
| Total expenses and disbursements | $340,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,048 |
| 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 | $6,384 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,767,587 |
| Accounts payable and accrued expenses | $23,546 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $6,500 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $50 |
| Total liabilities | $30,096 |
Grants Awarded
Over the last fiscal year, Edward Blank And Sharon Cosloy Blank Family Foundation Inc has awarded $249,963 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH NATIONAL FUND PURPOSE: TO PROVIDE FUNDS TO DEVELOP ISRAELI LAND AND INFRASTRUCTURE | $26,000 |
CENTRAL SYNAGOGUE PURPOSE: TO SUPPORT THE TEACHINGS OF JUDIASM | $74,500 |
NYU SCHOOL OF MEDICINE PURPOSE: TO SUPPORT MEDICAL EDUCATION | $30,000 |
VARIOS OTHER UNDER 500000 PR GRANT PURPOSE: VARIOUS CHARITABLE SERVICES | $39,515 |
AMERICAN JEWISH COMMITTEE PURPOSE: ADVOCATING FOR ISRAEL AND JEWISH PEOPLE | $25,108 |
THE FORWARD ASSOCIATION PURPOSE: TO PROVIDE FUNDS TO AID JEWISH LITERATURE PUBLISHING | $25,000 |