Asath Foundation
- Assets
- $1.4m
- Revenue
- $397.5k
- Investments
- $968.6k
- Employees
- 0
- Location
- Jackson, NJ
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-4789718
Organization Overview
Asath Foundation is located in Jackson, NJ. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Asath 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, Asath Foundation generated $397.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year.
Since 2017, Asath Foundation has awarded 136 individual grants totaling $1,046,340. 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
CONTRIBUTIONS TO VARIOUS TAX EXEMPT ORGANIZATIONS QUALIFYING AS SEC. 501(C)(3) CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Homnick Trustee | 1 | $0 | |
Adena Homnick Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400,000 |
| Interest on Savings | $6 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,496 |
| Total Revenue | $397,510 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $349 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27 |
| Total operating and administrative expenses | $376 |
| Contributions, gifts, grants paid | $245,600 |
| Total expenses and disbursements | $245,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $394,800 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $968,598 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,363,398 |
| 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, Asath Foundation has awarded $245,600 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
A TIME PURPOSE: TO FURTHER THE CHARITABLE PURPOSE OF THE ORGANIZATION | $5,000 |
BAIS KAILA TORAH PREPARATORY PURPOSE: TO FURTHER THE CHARITABLE PURPOSE OF THE ORGANIZATION | $1,800 |
BAIS MEDRASH WESTGATE PURPOSE: TO FURTHER THE CHARITABLE PURPOSE OF THE ORGANIZATION | $12,000 |
CONG LUTZK PURPOSE: TO FURTHER THE CHARITABLE PURPOSE OF THE ORGANIZATION | $4,150 |
YESHIVA BAIS YOSEF PURPOSE: TO FURTHER THE CHARITABLE PURPOSE OF THE ORGANIZATION | $5,000 |
CONGREGATION GATES OF MERCY PURPOSE: TO FURTHER THE CHARITABLE PURPOSE OF THE ORGANIZATION | $42,000 |