Nissim Scharf Foundation Inc
- Assets
- $31.8k
- Revenue
- $26.1k
- Investments
- $376.0
- Employees
- 0
- Location
- West Orange, NJ
- Founding
- Data as of
- 12/2023
- EIN
- 84-3983329
Organization Overview
Nissim Scharf Foundation Inc is located in West Orange, NJ. 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. Nissim Scharf 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 12/2023, Nissim Scharf Foundation Inc generated $26.1k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $24.3k during the year ending 12/2023. While expenses have increased by 12.0% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jules Nissim Director | 2 | $0 | |
Susan Nissim Trustee | 1 | $0 | |
Lainie Nissim Trustee | 1 | $0 | |
Emily Nissim Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $25 |
| Dividends & Interest | $213 |
| 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 | $874 |
| Total Revenue | $26,112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $52 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $485 |
| Total operating and administrative expenses | $537 |
| Contributions, gifts, grants paid | $23,735 |
| Total expenses and disbursements | $24,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,438 |
| 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 | $31,814 |
| 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, Nissim Scharf Foundation Inc has awarded $23,735 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ELC FOOD PANTRY PURPOSE: SUSTAINING CONTRIBUTION | $500 |
PLAY FOR PINK PURPOSE: SUSTAINING CONTRIBUTION | $200 |
TEMPLE SHAREY TEFILO PURPOSE: SUSTAINING CONTRIBUTION | $13,935 |
PILLAR CARE CONTINUUM PURPOSE: SUSTAINING CONTRIBUTION | $5,000 |
JEWISH FEDERAL OF GREATER PURPOSE: SUSTAINING CONTRIBUTION | $3,600 |
COMMUNITY FOOD BANK OF NJ PURPOSE: SUSTAINING CONTRIBUTION | $500 |