Sokol Foundation Inc
- Assets
- $1.3m
- Revenue
- $44.1k
- Investments
- $1.2m
- Employees
- 0
- Location
- Delray Beach, FL
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 81-4968085
Organization Overview
Sokol Foundation Inc is located in Delray Beach, FL. The organization was established in 2017. 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. Sokol 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 12/2022, Sokol Foundation Inc generated $44.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (60.0%) each year. All expenses for the organization totaled $380.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Sokol Foundation Inc has awarded 142 individual grants totaling $10,267,260. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey E Levine Exec. Director,pres. | 30 | $50,000 | |
Tami Feierstone Sec/treasurer | 30 | $12,500 | |
Martin Mallinger V.P. | 30 | $50,000 | |
Lanny Marks Director | 5 | $6,000 | |
Arne Salkin Director | 5 | $6,000 | |
Margaret Anderson Director | 5 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $43,979 |
| 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 | $117 |
| Total Revenue | $44,096 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $112,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,434 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,012 |
| Total operating and administrative expenses | $138,946 |
| Contributions, gifts, grants paid | $241,500 |
| Total expenses and disbursements | $380,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $83,953 |
| 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 | $77,203 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,302,542 |
| 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, Sokol Foundation Inc has awarded $241,500 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BRYANT UNIVERSITY PURPOSE: GENERAL PURPOSE | $35,000 |
FLORENCE FULLER CHILD DEVELOPMENT FDN PURPOSE: GENERAL PURPOSE | $25,000 |
ISRAEL TENNIS & EDUCATION CENTERS FDN PURPOSE: GENERAL PURPOSE | $50,000 |
JACK & JILL LATE STAGE CANCER FDN PURPOSE: GENERAL PURPOSE | $25,000 |
GEORGE SNOW SCHOLARSHIP FUND INC PURPOSE: GENERAL PURPOSE | $11,000 |
MUHLENBERG COLLEGE HILLEL PURPOSE: GENERAL PURPOSE | $15,000 |