Herbert & Ethel Somerstein Memorial Foundation Inc
Herbert & Ethel Somerstein Memorial Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FLUSHING, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $306 in total assets. In 2024, it awarded 7 grants totaling $13K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$306
-83.9% YoY
Annual Giving
$13K
+75.3% YoY
Grant Count
7
+600.0% YoY
Avg Grant Size
$2K
-75.0% YoY
Under IRS private-foundation payout rules, Herbert & Ethel Somerstein Memorial Foundation Inc reported a distributable amount of $28 for 2024 — the minimum it must pay out in qualifying distributions.
About Herbert & Ethel Somerstein Memorial Foundation Inc
Based on IRS filings
Herbert & Ethel Somerstein Memorial Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FLUSHING, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $306 in total assets. In 2024, it awarded 7 grants totaling $13K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $306 | $1,898 | $1,747 |
| Revenue | $11,551 | $7,516 | $22,906 |
| Expenses | $14,393 | $8,615 | $22,950 |
| Qualifying Distributions | $12,643 | $7,211 | $21,975 |
| Net Investment Income | — | — | — |
| Distributable Amount | $28 | $80 | $126 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Keren Ahavas Chesed ($5,301), Torah Academy ($5,000), Choson Vnosen ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BIKUR CHOLIM VCHESED BROOKLYN, NY | SEE NOTE ATTACHED | $100 |
| KEREN AHAVAS CHESED BROOKLYN, NY | SEE NOTE ATTACHED | $5,301 |
| OHEL TORAH BROOKLYN, NY | SEE NOTE ATTACHED | $392 |
| CHOSON VNOSEN BROOKLYN, NY | SEE NOTE ATTACHED | $1,000 |
| BAIS MEDRASH OF HARBORVIEW LAWRENCE, NY | SEE NOTE ATTACHED | $200 |
| CONG BAIS MEDRASH OF CEDARHURST CEDARHURST, NY | SEE NOTE ATTACHED | $650 |
| TORAH ACADEMY FAR ROCKAWAY, NY | SEE NOTE ATTACHED | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL SOMERSTEIN | TREASURER | — | — |
| DAVID SOMERSTEIN | PRESIDENT | — | — |
| MARK SOMERSTEIN | SECRETARY | — | — |
| ESTHER POLLACK | DIRECTOR | — | — |
| JOEL BLEIBERG | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Herbert & Ethel Somerstein Memorial Foundation Inc?
Herbert & Ethel Somerstein Memorial Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FLUSHING, NY. It holds $306 in total assets as of 2024.
How large is Herbert & Ethel Somerstein Memorial Foundation Inc?
As of 2024, Herbert & Ethel Somerstein Memorial Foundation Inc holds $306 in total assets with $12K in annual revenue. It awarded 7 grants totaling $13K in 2024.
Where does Herbert & Ethel Somerstein Memorial Foundation Inc operate?
Herbert & Ethel Somerstein Memorial Foundation Inc has awarded grants in New York.
What size grants does Herbert & Ethel Somerstein Memorial Foundation Inc award?
In 2024, Herbert & Ethel Somerstein Memorial Foundation Inc awarded 7 grants totaling $13K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Herbert & Ethel Somerstein Memorial Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Herbert & Ethel Somerstein Memorial Foundation Inc reported a distributable amount of $28 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Herbert & Ethel Somerstein Memorial Foundation Inc's EIN?
Herbert & Ethel Somerstein Memorial Foundation Inc's EIN (Employer Identification Number) is 11-3485409. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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