Adath Israel Capital Fund
LAWRENCEVILLE, NJ
Total revenue
$29K
Total expenses
$34K
Net assets
$1.3M
Grants received
$68K
1 grants
EIN
222401420
Tax year
2024
Mission
The Adath Israel Capital Fund serves exclusively to assist Adath Israel Congregation of Lawrenceville, NJ in meeting its financial needs related to the physical plant and buildings. This is done using income from investments following an investment policy and guided by Trust Document. The capital fund maintains no employees or contractors and strives to avoid all expenses in order to maximize its benefit. Since the Trust-mandated floor for disbursements was reached, the Adath Israel Capital Fund has contributed more than $275,000 to Adath Israel Congregation.
Programs
2 programs
The Adath Israel Capital Fund maintained a line of credit of $105,000 to Adath Israel Congregation that could be drawn on by Adath Israel Congregation to address a short-term cash shortfall. Adath Israel Congregation did not draw on the line of credit in the fiscal year July 1, 2024 - June 30, 2025.
0In fiscal year July 1, 2023 to June 30, 2024, the Capital Fund awarded a grant of $34,000 to Adath Israel Congregation in support of capital-related items as per the Capital Fund Trust Agreement
Financials
FY 2024
Revenue
Expenses
People
7 listed
Mark Goldfus
Trustee
—
0.25 hrs/wk
Cheryl Gorski
Trustee
—
0.25 hrs/wk
Abe Abramovich
Trustee
—
0.25 hrs/wk
Daniel Brucker
Trustee
—
0.25 hrs/wk
David Shaw
President
—
1 hrs/wk
Scott Berger
Treasurer
—
1 hrs/wk
Bruce Kaplan
Secretary
—
0.25 hrs/wk
Grants received
Showing 1 of 1
Funded by
$68K from 1 funder · 1 grant · 2022
$68K · 1 grant · 2022