Tov Latet Inc
- Assets
- $149.1k
- Revenue
- $453.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 11/2016
- Data as of
- 12/2021
- EIN
- 81-3197771
Organization Overview
Tov Latet Inc is located in Brooklyn, NY. The organization was established in 2016. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tov Latet 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 12/2021, Tov Latet Inc generated $453.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.7%) each year. All expenses for the organization totaled $493.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Tov Latet Inc has awarded 12 individual grants totaling $1,336,500. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GRANTS FOR NEEDY INDIVIDUALS AND ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE AWARDED GRANTS TO 13 ORGANIZATIONS AND 17 INDIVIDUALS TO RELIEVE JEWISH POVERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shmuel Shmelka Schorr President | OfficerTrustee | 3 | $0 |
Zvi Brown Treasurer | OfficerTrustee | $0 | |
Zipporah Maimon Secretary | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $453,064 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $453,064 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $453,064 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $137,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $355,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $481 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $492,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,723 |
| Savings and temporary cash investments | $1,119 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $139,305 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $149,147 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $149,147 |
| Total liabilities and net assets/fund balances | $149,147 |
Grants Awarded
Over the last fiscal year, Tov Latet Inc has awarded $137,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn, NY PURPOSE: RELIGOUS | $80,000 |
Brooklyn, NY | | $30,000 |
Brooklyn, NY | | $15,000 |
Monsey, NY | | $12,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tov Latet Inc has recieved totaling $115,000.
| Awarding Organization | Amount |
|---|---|
Agudas Tov Vchesed Inc Monsey, NY PURPOSE: AID TO INDIGENT | $75,000 |
O A E Pinsk Karlin Inc Brooklyn, NY PURPOSE: AID TO THE INDIGENT | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Social Finance Inc Boston, MA | $95,994,128 | $81,693,226 |
New York Womens Foundation New York, NY | $31,744,630 | $15,820,113 |
Ecumenical Enterprises Inc Dallas, PA | $29,362,494 | $14,819,334 |
Fund For The Aged Inc New York, NY | $109,939,296 | $8,972,478 |
Sdsn Association Inc New York, NY | $10,017,542 | $13,246,367 |
The Foundation For Enhancing Communities Harrisburg, PA | $107,592,484 | $47,434,480 |
Shear Family Foundation Inc Pittsburgh, PA | $193,925,105 | $4,615,784 |
Greater Ridgewood Youth Council Inc Ridgewood, NY | $6,525,051 | $8,713,714 |
Rite Aid Healthy Futures Camp Hill, PA | $33,191,715 | $15,687,011 |
Glasswing International Usa Inc New York, NY | $37,699,055 | $11,179,883 |
The Samberg Family Foundation Katonah, NY | $0 | $4,486,499 |
Single Stop Usa Inc New York, NY | $4,715,111 | $5,987,742 |