Nonprofits/Organizations/13-4082250

Active

501(c)(3)

T11 · Philanthropy, Voluntarism & Grantmaking

Form 990

The Fridson Family Foundation

Name: The Fridson Family Foundation IRS Form 990 Financial Data
Creator: Internal Revenue Service

EIN 13-4082250NEW YORK, NY 100221302Founded 1999WebsiteIRS 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

$183K

+7098.9%YoY

Total Expenses

$26K

-18.5%YoY

Net Assets

$370K

+87.6%YoY

Employees

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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RoundPaper IndicatorsTax Year 2023

Financial Health

Revenue grew +7098.9% to $183K

Program spending ratio of 99.1% — excellent

169.3 months of operating reserves — strong cushion

Expenses decreased -18.5% year-over-year

Transparency

Conflict of interest policy adopted

Whistleblower policy in place

Financial statements independently audited

5-member board, 3 independent

Compensation

Top compensation: $390,528 (TRUSTEE)

Top exec pay is 1488.9% of total expenses — elevated

Schedule J filed for 2 individuals — detailed disclosure

No executive perks reported

Program Effectiveness

1 program reported

99.1% of spending goes to programs

No programs generate independent revenue

$26K in grants paid to other organizations

Financial Stability

Debt-to-asset ratio of 0.0% — low leverage

0.3 months cash runway — tight liquidity

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 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

Programs Overview

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.

Program 1Expenses: $26,000

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

Financial Highlights

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

Compensation Summary

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)

Governance Snapshot

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

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 members3

Audit & Financial Oversight

Financial statements audited

Independent audit

Audit committee

Federal grant audit required

Entity	Relationship	Activity	Income	EOY Assets
UJA-FEDERATION OF NEW YORK510172429	related tax exempt	PUBLIC CHARITY	—	—

Grants Awarded(Tax Year 2023)

1 record

Grantmaking Summary

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.

Publicly available IRS data

Verified filing records

Updated quarterly