NonprofitsNeta Foundation Inc

Public Foundations

Neta Foundation Inc

NEW YORK, NY

Total revenue

$8.7M

Total expenses

$827K

Net assets

$7.9M

Grants received

$3.5M

9 grants

EIN

932276661

Tax year

2024

Mission

Distributing charitable funds to and making impactful investments that further human prospering and well-being, primarily (but not exclusively) focusing on scientific research efforts and early-stage technologies

Programs

1 program

Making impactful investments that further human prospering and well-being, primarily (but not exclusively) focusing on scientific research efforts and early-stage technologies. Neta has coined the term "grantvestments" (tm) for its unique vehicle to deploy philanthropic capital in the form of debt, equity, recoverable grants, or royalty agreements that meet defined mission-based criteria. The investments are intended to achieve a programmatic return aligned with neta's exempt purpose. Grantvestments that are not recoverable grants are listed in schedule d, part viii.

Expenses: $112KGrants: $108K

Financials

FY 2024

Revenue

Contributions & grants$8.5M
Program service revenue
Investment income$149K
Other revenue$6K
Total revenue$8.7M

Expenses

Grants paid$752K
Salaries & benefits
Fundraising$1K
Other expenses$75K
Total expenses$827K
Total assets$7.9M
Net assets$7.9M

People

6 listed

NameRoleCompensation

ALON LEDERMAN

BOARD CHAIR,TREASURER&CFO

Board

40 hrs/wk

DANIELLE FLUG CAPALINO

CEO AND TRUSTEE

Board

40 hrs/wk

KATIE LESSER

SECRETARY

Board

0.5 hrs/wk

BAR PEREG

TRUSTEE

Board

0.5 hrs/wk

GREG LEVIN

TRUSTEE

Board

0.5 hrs/wk

PERRY TEICHER

TRUSTEE

Board

0.5 hrs/wk

Grants received

Showing 9 of 9

FromAmountPurposeYear
$1.7M
UNRESTRICTED
2024
$500K
UNRESTRICTED GENERAL SUPPORT
2024
$301K
GENERAL SUPPORT
2024
$255K
GENERAL SUPPORT
2024
$100K
CHARITY
2024
$319K
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
2023
$125K
For grant recipient's exempt purposes
2023
$124K
CHARITY
2023
$108K
FOR RECIPIENT'S EXEMPT PURPOSE
2023

Funded by

$3.5M from 8 funders · 9 grants · 2023–2024

Dechomai Foundation Inc

$1.7M · 1 grant · 2024

Jewish Communal Fund

$319K · 1 grant · 2023

Impactassetsinc

$301K · 1 grant · 2024

The Bessemer Giving Fund

$255K · 1 grant · 2024

J Gurwin Foundation Inc

$224K · 2 grants · 2023–2024

Details

EIN932276661
NTEE codeT30
Subsection03
Ruling date2023-11
Formed2023
Employees0
Volunteers10
NETA FOUNDATION INC — Mission, Financials & Grants Received | Grantivo