Gitter-Yelen Foundation
- Assets
- $1.5m
- Revenue
- $162.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 08/1997
- Data as of
- 12/2022
- EIN
- 72-1340720
Organization Overview
Gitter-Yelen Foundation is located in New Orleans, LA. The organization was established in 1997. 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. Gitter-Yelen Foundation 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, Gitter-Yelen Foundation generated $162.0 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 (52.7%) each year. All expenses for the organization totaled $601.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Gitter-Yelen Foundation has awarded 22 individual grants totaling $2,853,171. 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
DONATIONS TO ORGANIZATIONS WHICH PROMOTE INTEREST IN ARTS AND CULTURE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt A Gitter President | 0 | $0 | |
Alice Rae Yelen Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $1,147 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$998 |
| Capital Gain Net Income | $31 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $162 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,859 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $82,153 |
| Printing and publications | $0 |
| Other expenses | $117,253 |
| Total operating and administrative expenses | $226,201 |
| Contributions, gifts, grants paid | $375,600 |
| Total expenses and disbursements | $601,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,761 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $111,231 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $500 |
| 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 | $1,090,513 |
| Total assets | $1,465,005 |
| 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, Gitter-Yelen Foundation has awarded $375,600 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ODGEN MUSEUM OF SOUTHERN ART PURPOSE: CHARITABLE | $100 |
AMERICAN FRIENDS OF ISRAEL MUSEUM PURPOSE: CHARITABLE | $7,000 |
NEW ORLEANS MUSEUM OF ART PURPOSE: CHARITABLE | $1,500 |
AMERICAN FRIENDS OF ISRAEL MUSEUM PURPOSE: CHARITABLE | $97,000 |
AMERICAN FRIENDS OF ISRAEL MUSEUM PURPOSE: CHARITABLE | $20,000 |
NEW ORLEANS MUSEUM OF ART PURPOSE: CHARITABLE | $60,000 |