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Granit Foundation EIN 52-2366802

Granit Foundation FY2021 filing

EIN  52-2366802 Private foundation / grantmaker Brooklyn, NY
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
A private foundation based in Brooklyn, NY. It reported about $291K in revenue for 2020.
Money in and out
$291K revenue, $148K expenses
Bottom line
—

A private foundation based in Brooklyn, NY. It reported about $291K in revenue for 2020. For fiscal year 2021 it reported $291K in revenue, $148K in expenses, and $410K in net assets.Pt I

Grants paid & assets · FY2021
Total revenue
$291K
Pt VIII · Ln 12
Total expenses
$148K
Pt IX · Ln 25
Net assets
$410K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $143K
Total assets
410K
deployed as grants and operations
Grants paid
148K
in FY2021
Grants made
70grants
total in period
Payout rate
36%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 70 grants · $244K · 2024–2024
Torah Academy of Bergen CountyNJ · FY2024$70,808
Ncsy - OuFY2024$25,000
EmetaiFY2024$18,000
Congregation Rinat YisroelFY2024$12,877
Our PlaceFY2024$12,000
Congregation Torah U'TefilahFY2024$11,700
The Bayit Assn of New JerseyFY2024$10,000
Mekor Care & Services NetworkFY2024$10,000
Yavneh AcademyFY2024$8,183
Project EzraNY · FY2024$7,415
Jewish Federation of North BergenFY2024$6,703
Shavei Hevron InstituteFY2024$5,000
Athletes for Israel INCNY · FY2024$4,000
Olami LaunchFY2024$3,800
Manhattan Jewish ExperienceFY2024$3,600
Chai Lifelinecamp SimchaFY2024$3,600
Yeshiva University - RietsFY2024$3,050
Sinai SchoolFY2024$2,500
See all 70 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV22
Average grantPart XV$3K
Median grantPart XV$430
Largest grantPart XV$71K
Top cause focusNTEEReligion (7%)

Summary of the Filing

Part I · fiscal year 2021 · Form 990-PF
Revenue
$291K
FY2021
Expenses
$148K
FY2021
Total assets
$410K
FY2021
Total liabilities
$0
FY2021
Total revenue
$291K
Pt VIII · Ln 12
Total expenses
$148K
Pt IX · Ln 25
Net assets
$410K
Pt X · Ln 32
Total assetsPt II$410K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGranit Foundation
EINHdr · item D52-2366802
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFJan 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Granit Foundation executive salaries →

Statement of Revenue

Part VIII
Contributions & grants$167K · 58%
Investment income$123K · 42%
Contributions & grants58%$167K
Investment income42%$123K
Total revenueLn 12$291K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $1.00 Operating & administrative $0.00
Grants & contributions paid100%$148K
Operating & administrative$63
Total functional expensesLn 25$148K

Balance Sheet

Part X · end of year
CashLn 1$53K
Total assetsLn 16$410K
Total liabilitiesLn 26$0
Total net assetsLn 32$410K
Months of cash on handcomputed4.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $410K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $291K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $291K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $291K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $410K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $291K · Expenses $148K
+49%
Liabilities-to-Assets
Total liabilities — · Total assets $410K
—
Net-asset ratio
Net assets $410K · Total assets $410K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $148K
No individual compensation reported on this filing
Personnel share
not reported

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown. Peer cohort: .

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$243K revenue · ⤓ 990 PDF
FY2024$305K revenue · ⤓ 990 PDF
FY2023$124K revenue · ⤓ 990 PDF
FY2022$170K revenue · ⤓ 990 PDF
FY2021$291K revenue · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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