Saul And Lee Rachelson Family Foundation
- Assets
- $1.6m
- Revenue
- $219.9k
- Investments
- $1.5m
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 83-1868052
Organization Overview
Saul And Lee Rachelson Family Foundation is located in Tampa, FL. The organization was established in 2019. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Saul And Lee Rachelson Family 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 12/2021, Saul And Lee Rachelson Family Foundation generated $219.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (41.9%) each year. All expenses for the organization totaled $99.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Saul And Lee Rachelson Family Foundation has awarded 47 individual grants totaling $198,816. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saul Rachelson President | 10 | $0 | |
Lee Rachelson Vice President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $169,087 |
| Interest on Savings | $7 |
| Dividends & Interest | $30,798 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,053 |
| Capital Gain Net Income | $20,053 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $219,945 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,714 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,696 |
| Contributions, gifts, grants paid | $84,926 |
| Total expenses and disbursements | $99,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,211 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,586,625 |
| 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, Saul And Lee Rachelson Family Foundation has awarded $84,926 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION SCHAARAI ZEDEK PURPOSE: GENERAL OPERATIONS | $26,925 |
ST JOSEPH'S HOSPITALS FOUNDATION PURPOSE: GENERAL OPERATIONS | $20,000 |
YOUNG LIFE PURPOSE: GENERAL OPERATIONS | $10,000 |
Tampa, FL PURPOSE: GENERAL OPERATIONS | $6,001 |
HCC FOUNDATION PURPOSE: GENERAL OPERATIONS | $5,000 |
TULANE UNIVERSITY PURPOSE: GENERAL OPERATIONS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hfsf Grants Management Inc Miami, FL | $164,842,326 | $9,370,110 |
Healthcare Georgia Foundation Inc Atlanta, GA | $145,422,542 | $18,331,596 |
The David Herro Charitable Foundation Palm Beach, FL | $0 | $2,921,972 |
Rally Foundation Inc Atlanta, GA | $9,445,133 | $7,328,050 |
David A Straz Jr Foundation Tampa, FL | $131,621,183 | $77,599,258 |
Stoops Family Foundation Inc Delray Beach, FL | $20,465,985 | $11,384,519 |
Project Akilah Inc Tampa, FL | $3,270,009 | $3,129,345 |
Dadefund Inc Miami, FL | $3,023 | $29,705 |
Key Center Foundation Inc Lecanto, FL | $2,199,130 | $3,104,172 |
Ezra International Melbourne, FL | $2,162,759 | $2,300,769 |
Holle Family Foundation Birmingham, AL | $55,700,431 | $5,149,826 |
Traveling Press Fund Inc St Petersburg, FL | $4,958,687 | $2,719,949 |