Ain Sof Charitable Foundation
- Assets
- $231.7k
- Revenue
- $215.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- Data as of
- 12/2022
- EIN
- 85-3945236
Organization Overview
Ain Sof Charitable Foundation is located in Brooklyn, NY. 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. Ain Sof Charitable 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, Ain Sof Charitable Foundation generated $215.0k 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 (55.9%) each year. All expenses for the organization totaled $536.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ain Sof Charitable Foundation has awarded 42 individual grants totaling $2,506,750. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yitzchok Gourary Trustee | 0 | $0 | |
Rivkah Gourary Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $213,806 |
| Interest on Savings | $37 |
| Dividends & Interest | $1,150 |
| 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 | $0 |
| Total Revenue | $214,993 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $925 |
| Total operating and administrative expenses | $3,426 |
| Contributions, gifts, grants paid | $532,650 |
| Total expenses and disbursements | $536,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,257 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $33,439 |
| Total assets | $231,696 |
| 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 | $25,057 |
| Total liabilities | $25,057 |
Grants Awarded
Over the last fiscal year, Ain Sof Charitable Foundation has awarded $532,650 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS CHARITIES PURPOSE: FINANCIAL ASSISTANCE | $82,000 |
BETH CHABAD CS PURPOSE: RELIGIOUS | $39,000 |
BNOS MENACHEM PURPOSE: EDUCATION | $31,800 |
CHABAD OF NORTH SEATLLE PURPOSE: RELIGIOUS | $5,000 |
CHABAD ISRAELI CENTER ATLANTA INC PURPOSE: RELIGIOUS | $12,000 |
CHABAD LUBAVITCH OF WAUKESHA INC PURPOSE: RELIGIOUS | $10,000 |