The Fridson Family Foundation
SUPPORTS THE MISSION OF UNITED JEWISH APPEAL-FEDERATION OF JEWISH PHILANTHROPIES OF NEW YORK, INC.
IRS Tax Year 2023
Period ending June 30, 2024
Total Revenue
$183K
Total Expenses
$26K
Net Assets
$370K
Employees
0
Grants Paid
$26K
Program Expense Ratio
99.1%
This nonprofit profile presents IRS Form 990 tax filing data for The Fridson Family Foundation (EIN: 13-4082250), based on the 2023 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
The Fridson Family Foundation is a 501(c)(3) nonprofit headquartered in NEW YORK, NY, founded in 1999. It is classified under NTEE code T11 (Single Organization Support), within the Philanthropy, Voluntarism & Grantmaking category. The organization has held tax-exempt status since 2000. In its 2023 filing, the organization reported $183K in total revenue, a 7098.9% increase from the prior year, and $26K in total expenses. WILLIAM D SAMERS, TRUSTEE, is the highest-compensated individual at $390,528. The organization runs 1 program, totaling $26K in program expenses. 5 of 6 recommended governance policies are in place.
The Fridson Family Foundation is classified under NTEE code T11 (Single Organization Support), which falls within the Philanthropy, Voluntarism & Grantmaking category. Its foundation type is 17.
Programs(Tax Year 2023)
1 record
The Fridson Family Foundation operates 1 program, with total program expenses of $26K. The Fridson Family Foundation's largest program accounts for 100% of total program spending.
GRANTS ARE MADE TO UJA-FEDERATION, AND OTHER TAX EXEMPT ORGANIZATIONS IN FURTHERANCE OF UJA-FEDERATION OF NEW YORK'S CHARITABLE PURPOSES.
Financial Overview(Tax Years 2020–2023)
4 records
Over the past 4 years, The Fridson Family Foundation's revenue has grown from $53K to $183K, a 243.3% increase. Program expenses represent 99% of total spending.
Revenue increased 7098.9% year-over-year, while expenses declined 18.5%. net assets rose to $370K, up 87.6% from the prior year.
The Fridson Family Foundation derives 93% from contributions and grants, with 7% from investment income.
Revenue is heavily concentrated: 93% comes from contributions and grants, indicating limited diversification.
The Fridson Family Foundation allocates 99% to programs, 1% to management and general.
Revenue grew by 7098.9% while expenses declined by only 18.5%, suggesting improving operational efficiency.
The Fridson Family Foundation distributed $26K in grants to other organizations and individuals, representing 99% of total expenses.
Over 4 filings from 2020–2023, The Fridson Family Foundation grew revenue from $53K to $183K (+243.3%) while maintaining a program expense ratio of 99%.
The Fridson Family Foundation holds $370K in total assets against $0 in liabilities (debt-to-asset ratio of 0%). The organization has 169.3 months of operating reserves. Cash and equivalents of $584 cover approximately 0.3 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2023 | $183K | $171K | $0 | $0 | $12K |
| 2022 | $3K | $0 | $0 | $0 | $3K |
| 2021 | $90K | $76K | $0 | $0 | $2K |
| 2020 | $53K | $50K | $0 | $0 | $169 |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2023 | $26K | $26K | $230 | $0 | $26K |
| 2022 | $32K | $32K | $0 | $0 | $32K |
| 2021 | $31K | $30K | $0 | $0 | $30K |
| 2020 | $30K | $29K | $0 | $0 | $29K |
Program Expense Ratio
99.1%
Admin Expense Ratio
0.9%
Fundraising Efficiency
—
Operating Reserve
169.3 mo
People & Compensation(Tax Year 2023)
5 records
The Fridson Family Foundation reported compensation for 5 officers and key employees. Total officer compensation was $631K, representing 2403.9% of total expenses.
The Fridson Family Foundation's highest-compensated individual received $391K in total compensation. Total officer compensation of $631K represents 2403.9% of total expenses.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| WILLIAM D SAMERS | TRUSTEE | Director | 1.00 | $0 | $321,484 | $390,528 |
| STANLEY BAUMBLATT | SECRETARY/TREASURER/TRUSTEE | OfficerDirector | 1.00 | $0 | $193,560 | $240,020 |
| MARTIN FRIDSON | PRESIDENT/TRUSTEE | OfficerDirector | — | $0 | $0 | $0 |
| ELAINE FRIDSON | TRUSTEE | Director | — | $0 | $0 | $0 |
| RICHARD L KAY | TRUSTEE | Director | — | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
STANLEY BAUMBLATT
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
WILLIAM D SAMERS
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2023)
The Fridson Family Foundation has 5 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 5 members, 3 of whom are independent.
The Fridson Family Foundation's financial statements are audited, an audit committee oversees the process.
The Fridson Family Foundation has family or business relationships among officers, directors, or key employees.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2023)
1 record
The Fridson Family Foundation awarded $26K across 1 grant to organizations. Top recipients include UJA-FEDERATION OF NEW YORK (NEW YORK, NY) — $26K for grant to supported organization.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| UJA-FEDERATION OF NEW YORK510172429 | NEW YORK, NY | $26K | GRANT TO SUPPORTED ORGANIZATION |
Filing History(Tax Years 2000–2023)
4 records
Showing the 4 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2023 | 990 | 2023-07-01 – 2024-06-30 | $183K | $26K | $370K |
| 2022 | 990-EZ | 2022-07-01 – 2023-06-30 | $3K | $32K | $197K |
| 2021 | 990-EZ | 2021-07-01 – 2022-06-30 | $90K | $31K | $208K |
| 2020 | 990-EZ | 2020-07-01 – 2021-06-30 | $53K | $30K | $195K |
| 2000–2019 | No filings acquired yet | ||||
Frequently Asked Questions
What does The Fridson Family Foundation do?
SUPPORTS THE MISSION OF UNITED JEWISH APPEAL-FEDERATION OF JEWISH PHILANTHROPIES OF NEW YORK, INC.
How much revenue does The Fridson Family Foundation have?
The Fridson Family Foundation reported $183,428 in total revenue for tax year 2023, up 7098.9% from the prior year.
Who is the highest-paid executive at The Fridson Family Foundation?
WILLIAM D SAMERS, TRUSTEE, received $390,528 in total compensation as of tax year 2023.
Is The Fridson Family Foundation a 501(c)(3)?
Yes, The Fridson Family Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is The Fridson Family Foundation located?
The Fridson Family Foundation is headquartered in NEW YORK, NY 100221302.
What type of nonprofit is The Fridson Family Foundation?
The Fridson Family Foundation is classified under NTEE code T11 (Single Organization Support), within the Philanthropy, Voluntarism & Grantmaking category. It is a 501(c)(3) tax-exempt organization.
Is The Fridson Family Foundation audited?
Yes, The Fridson Family Foundation's financial statements are audited, and the organization has an audit committee.
Does The Fridson Family Foundation give grants?
Yes, The Fridson Family Foundation distributed $26,000 in grants to other organizations and individuals in tax year 2023. Top recipients include UJA-FEDERATION OF NEW YORK.
Data Source
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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