Cohen Saban Charitable Tr Inc is located in New York, NY. 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. Cohen Saban Charitable Tr 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 12/2023, Cohen Saban Charitable Tr Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $799.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cohen Saban Charitable Tr Inc has awarded 38 individual grants totaling $962,464. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE JEWISH CULTURE AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE JEWISH CULTURE AND EDUCATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Haim Cohen Saban Trustee | OfficerTrustee | 20 | $0 |
Selma Cohen Saban Trustee | OfficerTrustee | 10 | $0 |
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 | $2,319,519 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $83,915 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,403,434 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $287,806 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $30,000 |
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 | $9,784 |
Fees for services: Legal | $3,090 |
Fees for services: Accounting | $4,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $6,274 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $1,260 |
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 | $2,316 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $799,069 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $6,861,241 |
Savings and temporary cash investments | $0 |
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 | $23,123,030 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $29,984,271 |
Accounts payable and accrued expenses | $140,153 |
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 | $1,431,350 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $450,500 |
Other liabilities | $0 |
Total liabilities | $2,022,003 |
Net assets without donor restrictions | $27,962,268 |
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 | $0 |
Total liabilities and net assets/fund balances | $29,984,271 |
Over the last fiscal year, Cohen Saban Charitable Tr Inc has awarded $236,671 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
EDMOND J SAFRA SYNAGOGUE OF DEAL NJ PURPOSE: JEWISH EDUCATION | $16,911 |
COLLEGE OF MOUNT ST VINCENT PURPOSE: EDUCATION | $14,760 |
JEWISH COMMUNAL FUND PURPOSE: JEWISH EDUCATION | $36,000 |
KEREN LATORAH PURPOSE: JEWISH EDUCATION | $89,000 |
SEPHARDIC BET YAAKOV PURPOSE: JEWISH EDUCATION | $9,000 |
JKOLLEL INC PURPOSE: HIGHER JEWISH EDUCATION | $71,000 |