Saidoff Foresight Foundation
- Assets
- $6.4m
- Revenue
- $15.1k
- Investments
- $6.4m
- Employees
- 0
- Location
- Bel Air, CA
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-4271371
Organization Overview
Saidoff Foresight Foundation is located in Bel Air, CA. The organization was established in 2017. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Saidoff Foresight 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, Saidoff Foresight Foundation generated $15.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (54.6%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Saidoff Foresight Foundation has awarded 55 individual grants totaling $7,217,504. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS ENTITY IS TO PROVIDE FUNDING AND OTHER PROGRAMS TO SUPPORT THE EDUCATIONAL AND OTHER PUBLIC BENEFIT EFFORTS OF ISRAEL EMERGENCY ALLIANCE, ALSO KNOWN AS STANDWITHUS, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION. SAIDOFF FORESIGHT FOUNDATION ALSO PROVIDES FUNDING FOR OTHER NONPROFIT EDUCATIONAL ENTITIES.
Describe the Organization's Program Activity:
THE FOUNDATION HAS PROVIDED FUNDING FOR EDUCATIONAL PURPOSES TO VARIOUS NONPROFIT ORGANIZATIONS. DURING 2022, THE ONLY ORGANIZATION TO WHICH THE FOUNDATION PROVIDED FUNDING WAS STAND WITH US IN THE AMOUNT OF $1,700,850.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Saidoff President | OfficerTrustee | 10 | $0 |
Rosalee Braunstein Secretary & Treasurer | OfficerTrustee | 0.5 | $0 |
Roz Rothstein Director | Trustee | 0.25 | $0 |
Jerry Rothstein Audit Committee Chair | Trustee | 0.25 | $0 |
Bruce Lederman Director | Trustee | 0.25 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| 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 | $15,127 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,700,850 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $2,470 |
| 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 | $0 |
| 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 | $122,739 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $45 |
| Total functional expenses | $1,826,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,895 |
| Savings and temporary cash investments | $2,433 |
| 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 | $0 |
| Investments—other securities | $6,370,317 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,391,645 |
| 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 | $5,391,909 |
| Other liabilities | $0 |
| Total liabilities | $5,391,909 |
| 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 | $999,736 |
| Total liabilities and net assets/fund balances | $6,391,645 |
Grants Awarded
Over the last fiscal year, Saidoff Foresight Foundation has awarded $2,776,333 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
MAKOR HACHAIM PURPOSE: EDUCATION AND OTHER PUBLIC BENEFIT PROGRAMS | $10,000 |
STAND WITH US PURPOSE: EDUCATION AND OTHER PUBLIC BENEFIT PROGRAMS | $2,361,500 |
ISRAELI AMERICAN COUNCIL PURPOSE: EDUCATION AND OTHER PUBLIC BENEFIT PROGRAMS | $10,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: EDUCATION AND OTHER PUBLIC BENEFIT PROGRAMS | $302,000 |
SCHOLARS FOR PEACE IN THE MIDDLE EAST PURPOSE: EDUCATION AND OTHER PUBLIC BENEFIT PROGRAMS | $5,000 |
ISRAAID US GLOBAL HUMANITARIAN ASSISTANCE PURPOSE: EDUCATION AND OTHER PUBLIC BENEFIT PROGRAMS | $30,000 |