Nonprofits/Organizations/16-1647207
Active
501(c)(3)
T12 · Philanthropy, Voluntarism & Grantmaking
Form 990

The Eric and Tamar Goldstein Foundation

EIN 16-1647207NEW YORK, NY 100221302Founded 2002WebsiteIRS Tax Year 2023 · Period ending June 30, 2024
Mission Statement

SUPPORTS THE MISSION OF UNITED JEWISH APPEAL-FEDERATION OF JEWISH PHILANTHROPIES OF NEW YORK, INC.

IRS Tax Year 2023

Period ending June 30, 2024

Tax year 2024 filing not yet available. This is the most recent filing on record.

Total Revenue

$2.0M

-7.6%YoY

Total Expenses

$1.1M

+36.6%YoY

Net Assets

$14.5M

+16.3%YoY

Employees

0

Grants Paid

$1.1M

Program Expense Ratio

99.7%

This nonprofit profile presents IRS Form 990 tax filing data for The Eric and Tamar Goldstein Foundation (EIN: 16-1647207), 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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RoundPaper IndicatorsTax Year 2023

Financial Health

Revenue declined -7.6% to $2.0M
Program spending ratio of 99.7% — excellent
163.3 months of operating reserves — strong cushion
Expenses increased +36.6% year-over-year

Transparency

Conflict of interest policy adopted
Whistleblower policy in place
Financial statements independently audited
5-member board, 4 independent

Compensation

Top compensation: $916,853 (PRESIDENT/TRUSTEE)
Top exec pay is 86.1% of total expenses — elevated
Schedule J filed for 2 individuals — detailed disclosure
No executive perks reported

Program Effectiveness

1 program reported
99.7% of spending goes to programs
No programs generate independent revenue
$1.1M in grants paid to other organizations

Financial Stability

Debt-to-asset ratio of 2.7% — low leverage
2.0 months cash runway
Revenue diversification: concentrated in few sources
Net assets trending upward over recent filings

Risk Flags

No insider or excess benefit transactions
No material diversion or misuse reported
Family or business relationships among officers/directors

Indicators derived from IRS Form 990 data. Not financial advice.

Organization Summary

The Eric and Tamar Goldstein Foundation is a 501(c)(3) nonprofit headquartered in NEW YORK, NY, founded in 2002. It is classified under NTEE code T12 (Fund Raising & Fund Distribution), within the Philanthropy, Voluntarism & Grantmaking category. The organization has held tax-exempt status since 2003. In its 2023 filing, the organization reported $2.0M in total revenue, a 7.6% decrease from the prior year, and $1.1M in total expenses. ERIC S GOLDSTEIN, PRESIDENT/TRUSTEE, is the highest-compensated individual at $916,853. The organization runs 1 program, totaling $1.1M in program expenses. 5 of 6 recommended governance policies are in place.

The Eric and Tamar Goldstein Foundation is classified under NTEE code T12 (Fund Raising & Fund Distribution), which falls within the Philanthropy, Voluntarism & Grantmaking category. Its foundation type is 17.

Programs(Tax Year 2023)

1 record

Programs Overview

The Eric and Tamar Goldstein Foundation operates 1 program, with total program expenses of $1.1M. The Eric and Tamar Goldstein Foundation's largest program accounts for 100% of total program spending.

1
Program 1Expenses: $1,062,000

GRANTS ARE MADE TO UJA-FEDERATION OF NEW YORK AND OTHER TAX EXEMPT ORGANIZATIONS IN FURTHERANCE OF UJA-FEDERATION OF NEW YORK'S CHARITABLE PURPOSES.

Financial Overview(Tax Years 2020–2023)

4 records

Financial Highlights

Over the past 4 years, The Eric and Tamar Goldstein Foundation's revenue has grown from $1.9M to $2.0M, a 4.5% increase. Program expenses represent 100% of total spending.

Revenue decreased 7.6% year-over-year, while expenses grew 36.6%. net assets rose to $14.5M, up 16.3% from the prior year.

The Eric and Tamar Goldstein Foundation derives 100% from contributions and grants.

The Eric and Tamar Goldstein Foundation allocates 100% to programs, 0% to management and general.

Revenue declined by 7.6% and expenses grew by 36.6% year over year.

The Eric and Tamar Goldstein Foundation distributed $1.1M in grants to other organizations and individuals, representing 100% of total expenses.

Over 4 filings from 2020–2023, The Eric and Tamar Goldstein Foundation grew revenue from $1.9M to $2.0M (+4.5%) while maintaining a program expense ratio of 100%.

The Eric and Tamar Goldstein Foundation holds $14.9M in total assets against $400K in liabilities (debt-to-asset ratio of 3%). The organization has 163.3 months of operating reserves. Cash and equivalents of $182K cover approximately 2.0 months of expenses.

Revenue

YearTotal RevenueContributionsGov't GrantsProgram RevenueInvestment
2023$2.0M$2.0M$0$0$0
2022$2.2M$2.2M$0$0$0
2021$1.8M$1.2M$0$0$634K
2020$1.9M$1.1M$0$0$871K

Expenses

YearTotal ExpensesProgramManagementFundraisingGrants Paid
2023$1.1M$1.1M$3K$0$1.1M
2022$780K$779K$750$0$779K
2021$916K$872K$44K$0$872K
2020$683K$619K$64K$0$619K

Program Expense Ratio

99.7%

Admin Expense Ratio

0.3%

Fundraising Efficiency

Operating Reserve

163.3 mo

People & Compensation(Tax Year 2023)

6 records

Compensation Summary

The Eric and Tamar Goldstein Foundation reported compensation for 6 officers and key employees. Total officer compensation was $1.2M, representing 108.6% of total expenses. 1 individual received total compensation exceeding $500,000.

The Eric and Tamar Goldstein Foundation's highest-compensated individual received $917K in total compensation. Total officer compensation of $1.2M represents 108.6% of total expenses. 1 individual received total compensation exceeding $500,000.

NameTitleTypeHours/wkComp from OrgRelated OrgsTotal
ERIC S GOLDSTEINPRESIDENT/TRUSTEE
OfficerDirector
1.00$0$851,649$916,853
STANLEY BAUMBLATTSECRETARY/TREASURER
Officer
1.00$0$193,560$240,020
ALISA R DOCTOROFFTRUSTEE
Director
$0$0$0
TAMAR GOLDSTEINTRUSTEE
Director
$0$0$0
LINDA MIRELSTRUSTEE
Director
$0$0$0
JODI J SCHWARTZTRUSTEE
Director
$0$0$0

Compensation Breakdown

Schedule J detail — base, bonus, benefits, and executive perks

ERIC S GOLDSTEIN

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

STANLEY BAUMBLATT

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Governance & Compliance(Tax Year 2023)

Governance Snapshot

The Eric and Tamar Goldstein Foundation has 5 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 5 members, 4 of whom are independent.

The Eric and Tamar Goldstein Foundation's financial statements are audited, an audit committee oversees the process.

The Eric and Tamar Goldstein Foundation has family or business relationships among officers, directors, or key employees.

Policies & Oversight

Conflict of interest policy
Whistleblower policy
Document retention policy
CEO compensation review process
Other officer compensation review
990 provided to governing body
Board members5
Independent members4

Audit & Financial Oversight

Financial statements audited
Independent audit
Audit committee
Federal grant audit required

Grants Awarded(Tax Year 2023)

25 records

Grantmaking Summary

The Eric and Tamar Goldstein Foundation awarded $1.1M across 25 grants to organizations. Top recipients include UJA-FEDERATION OF NEW YORK (NEW YORK, NY) — $270K for grant to supported organization; THE FRISCH SCHOOL (PARAMUS, NJ) — $100K for for general charitable purposes; NLI USA INC - THE NATIONAL LIBRARY OF ISRAEL (NEW YORK, NY) — $90K for for general charitable purposes.

Organization Grants

RecipientLocationAmountPurpose
UJA-FEDERATION OF NEW YORK510172429NEW YORK, NY$270KGRANT TO SUPPORTED ORGANIZATION
THE FRISCH SCHOOL221937461PARAMUS, NJ$100KFOR GENERAL CHARITABLE PURPOSES
NLI USA INC - THE NATIONAL LIBRARY OF ISRAEL464986788NEW YORK, NY$90KFOR GENERAL CHARITABLE PURPOSES
COVENANT AND CONVERSATION CORP465102221NEW YORK, NY$84KFOR GENERAL CHARITABLE PURPOSES
BIRTHRIGHT ISRAEL FOUNDATION134092050NEW YORK, NY$60KFOR GENERAL CHARITABLE PURPOSES
ETZION FOUNDATION INC237228230TEANECK, NJ$54KFOR GENERAL CHARITABLE PURPOSES
AMERICAN FRIENDS OF LEKET ISRAEL208202424TEANECK, NJ$36KFOR GENERAL CHARITABLE PURPOSES
YESHIVA OHR TORAH COMMUNITY SCHOOL DBA MANHATTAN DAY SCHOOL131641081NEW YORK, NY$36KFOR GENERAL CHARITABLE PURPOSES
AMERICAN ISRAEL EDUCATION FOUNDATION INC521623781WASHINGTON, DC$36KFOR GENERAL CHARITABLE PURPOSES
KRAFT CENTER FOR JEWISH LIFE DBA COLUMBIABARNARD HILLEL237077182NEW YORK, NY$36KFOR GENERAL CHARITABLE PURPOSES
JLIC INC851093875NEW YORK, NY$30KFOR GENERAL CHARITABLE PURPOSES
JEWISH FEDERATIONS OF NORTH AMERICA131624240NEW YORK, NY$25KFOR GENERAL CHARITABLE PURPOSES
SAR HIGH SCHOOL132646185RIVERDALE, NY$25KFOR GENERAL CHARITABLE PURPOSES
SEFARIA INC464406454NEW YORK, NY$25KFOR GENERAL CHARITABLE PURPOSES
WEST SIDE INSTITUTIONAL SYNAGOGUE131656627NEW YORK, NY$18KFOR GENERAL CHARITABLE PURPOSES
AMERICAN FRIENDS OF NISHMAT043106173NEW YORK, NY$18KFOR GENERAL CHARITABLE PURPOSES
AMERICAN FRIENDS OF MIGDAL OHR133389558NEW YORK, NY$18KFOR GENERAL CHARITABLE PURPOSES
HUNTER HILLEL FOUNDATION133853221NEW YORK, NY$18KFOR GENERAL CHARITABLE PURPOSES
RAMAZ131635279NEW YORK, NY$18KFOR GENERAL CHARITABLE PURPOSES
UJA-FEDERATION OF NEW YORK - FOR JEWISH PEOPLE POLICY INSTITUTE510172429NEW YORK, NY$15KFOR GENERAL CHARITABLE PURPOSES

Showing 20 of 25 grants.

Filing History(Tax Years 2003–2023)

4 records

Showing the 4 Form 990 filings currently in our system.

Tax YearFormPeriodRevenueExpensesNet Assets
2023
990
2023-07-01 – 2024-06-30$2.0M$1.1M$14.5M
2022
990
2022-07-01 – 2023-06-30$2.2M$780K$12.5M
2021
990
2021-07-01 – 2022-06-30$1.8M$916K$10.2M
2020
990
2020-07-01 – 2021-06-30$1.9M$683K$11.0M
2003–2019No filings acquired yet

Frequently Asked Questions

What does The Eric and Tamar Goldstein Foundation do?

SUPPORTS THE MISSION OF UNITED JEWISH APPEAL-FEDERATION OF JEWISH PHILANTHROPIES OF NEW YORK, INC.

How much revenue does The Eric and Tamar Goldstein Foundation have?

The Eric and Tamar Goldstein Foundation reported $2,016,000 in total revenue for tax year 2023, down 7.6% from the prior year.

Who is the highest-paid executive at The Eric and Tamar Goldstein Foundation?

ERIC S GOLDSTEIN, PRESIDENT/TRUSTEE, received $916,853 in total compensation as of tax year 2023.

Is The Eric and Tamar Goldstein Foundation a 501(c)(3)?

Yes, The Eric and Tamar Goldstein Foundation is classified as a 501(c)(3) tax-exempt organization.

Where is The Eric and Tamar Goldstein Foundation located?

The Eric and Tamar Goldstein Foundation is headquartered in NEW YORK, NY 100221302.

What type of nonprofit is The Eric and Tamar Goldstein Foundation?

The Eric and Tamar Goldstein Foundation is classified under NTEE code T12 (Fund Raising & Fund Distribution), within the Philanthropy, Voluntarism & Grantmaking category. It is a 501(c)(3) tax-exempt organization.

Is The Eric and Tamar Goldstein Foundation audited?

Yes, The Eric and Tamar Goldstein Foundation's financial statements are audited, and the organization has an audit committee.

Does The Eric and Tamar Goldstein Foundation give grants?

Yes, The Eric and Tamar Goldstein Foundation distributed $1,062,000 in grants to other organizations and individuals in tax year 2023. Top recipients include UJA-FEDERATION OF NEW YORK, THE FRISCH SCHOOL, NLI USA INC - THE NATIONAL LIBRARY OF ISRAEL.

Data Source

IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.

Publicly available IRS data
Verified filing records
Updated quarterly
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