Ravitz Foundation

Farmingtn Hls, MI
Tax-exempt since Feb. 2000
EIN: 38-3508943

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$11.7M (2023)

Expenses

$2.53M (2023)

Total Assets

$41M (2023)

Total Liabilities

$12.7k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$11,736,530

Expenses

$2,530,714

Net Income

$9,205,816

Net Assets

$41,018,124

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$59,034	0.5%
Dividends	$837,945	7.1%
Sales of Assets	$10,839,551	92.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,221,812	87.8%
Compensation of Officers*	$234,153	9.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$41,030,821
Total Liabilities	$12,697
Net Assets	$41,018,124

Compensation

Key Employees and Officers	Compensation	Other
Carole Shifman (Program Director/Director)	$123,750	$3,050
Brian H Aaron (Treasurer/Director)	$57,500	$0
Burton Shifman (President/Director)	$30,250	$3,050
Bruce Gelbaugh (Director)	$13,000	$0
Steve Margolin (Director)	$7,500	$0
Jonathan Aaron (Secretary/Director)	$7,500	$0
Jennifer Fritz (Director)	$3,750	$0
Lawrence Handler (Director)	$0	$0

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990-PF

Filed on Nov. 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$2,400,365

Expenses

$2,615,188

Net Income

-$214,823

Net Assets

$31,782,011

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$825	0.0%
Interest Revenue	$8,706	0.4%
Dividends	$817,406	34.1%
Sales of Assets	$1,573,428	65.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,327,295	89.0%
Compensation of Officers*	$197,929	7.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$31,789,548
Total Liabilities	$7,537
Net Assets	$31,782,011

Compensation

Key Employees and Officers	Compensation	Other
Carole Shifman (Program Director/Director)	$122,234	$0
Brian H Aaron (Treasurer/Director)	$26,500	$0
Bruce Gelbaugh (Director)	$22,773	$2,850
Burton Shifman (President/Director)	$13,922	$2,850
Steve Margolin (Director)	$6,250	$0
Jonathan Aaron (Secretary/Director)	$6,250	$0
Lawrence Handler (Director)	$0	$0

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990-PF

Filed on Nov. 16, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$4,323,949

Expenses

$2,868,261

Net Income

$1,455,688

Net Assets

$31,986,341

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7,828	0.2%
Dividends	$1,167,652	27.0%
Sales of Assets	$3,148,469	72.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,522,028	87.9%
Compensation of Officers*	$212,750	7.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$31,988,342
Total Liabilities	$2,001
Net Assets	$31,986,341

Compensation

Key Employees and Officers	Compensation	Other
Bruce Gelbaugh (Treasurer/Director)	$91,250	$2,750
Carole Shifman (Program Director/Director)	$87,250	$2,750
Burton Shifman (President/Director)	$19,250	$2,750
Steve Margolin (Director)	$5,000	$0
Jonathan Aaron (Secretary/Director)	$5,000	$0
Brian H Aaron (Director)	$5,000	$0
Lawrence Handler (Director)	$0	$0

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990-PF

Filed on Nov. 23, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$2,823,068

Expenses

$2,334,073

Net Income

$488,995

Net Assets

$30,596,151

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$19,383	0.7%
Dividends	$913,025	32.3%
Sales of Assets	$1,890,660	67.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,060,628	88.3%
Compensation of Officers*	$215,250	9.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$30,596,152
Total Liabilities	$1
Net Assets	$30,596,151

Compensation

Key Employees and Officers	Compensation	Other
Bruce Gelbaugh (Treasurer/Director)	$91,250	$2,750
Carole Shifman (Program Director/Director)	$87,250	$2,750
Burton Shifman (President/Director)	$19,250	$2,750
Lawrence Handler (Director)	$5,000	$0
Steve Margolin (Director)	$5,000	$0
Jonathan Aaron (Secretary/Director)	$5,000	$0
Brian H Aaron (Director)	$2,500	$0

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990-PF

Filed on June 2, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$1,462,230

Expenses

$2,672,678

Net Income

-$1,210,448

Net Assets

$30,107,157

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$895	0.1%
Interest Revenue	$20,735	1.4%
Dividends	$1,004,977	68.7%
Sales of Assets	$435,623	29.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,371,102	88.7%
Compensation of Officers*	$217,900	8.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$30,110,932
Total Liabilities	$3,775
Net Assets	$30,107,157

Compensation

Key Employees and Officers	Compensation	Other
Bruce Gelbaugh (Treasurer/Director)	$91,300	$2,700
Carole Shifman (Program Director/Director)	$87,300	$2,700
Burton Shifman (President/Director)	$19,300	$2,700
Arnold Shifman (Director)	$5,000	$0
Lawrence Handler (Director)	$5,000	$0
Steve Margolin (Director)	$5,000	$0
Jonathan Aaron (Secretary/Director)	$5,000	$0

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990-PF

Filed on Nov. 10, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$2,717,790

Expenses

$2,993,453

Net Income

-$275,663

Net Assets

$31,317,605

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$34,291	1.3%
Dividends	$1,014,311	37.3%
Sales of Assets	$1,669,188	61.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,588,340	86.5%
Compensation of Officers*	$215,550	7.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$31,317,605
Total Liabilities	$0
Net Assets	$31,317,605

Compensation

Key Employees and Officers	Compensation	Other
Bruce Gelbaugh (Treasurer/Director)	$91,350	$2,650
Carole Shifman (Program Director/Director)	$87,350	$2,650
Burton Shifman (President/Director)	$19,350	$2,650
Arnold Shifman (Director)	$5,000	$0
Jonathan Aaron (Secretary/Director)	$5,000	$0
Lawrence Handler (Director)	$5,000	$0
Steve Margolin (Director)	$2,500	$0

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990-PF

Filed on Nov. 14, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$2,863,662

Expenses

$2,261,401

Net Income

$602,261

Net Assets

$31,593,268

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18,875	0.7%
Dividends	$866,883	30.3%
Sales of Assets	$1,977,904	69.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,936,343	85.6%
Compensation of Officers*	$213,200	9.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$31,593,268
Total Liabilities	$0
Net Assets	$31,593,268

Compensation

Key Employees and Officers	Compensation	Other
Bruce Gelbaugh (Vp/Treasurer/Director)	$91,400	$2,600
Carole Shifman (Program Director/Director)	$87,400	$2,600
Burton Shifman (President/Director)	$19,400	$2,600
Arnold Shifman (Director)	$5,000	$0
Jonathan Aaron (Secretary/Director)	$5,000	$0
Lawrence Handler (Director)	$5,000	$0

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990-PF

Filed on Nov. 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$1,940,040

Expenses

$2,392,423

Net Income

-$452,383

Net Assets

$30,991,007

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$15,305	0.8%
Dividends	$841,749	43.4%
Sales of Assets	$1,082,986	55.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,070,532	86.5%
Compensation of Officers*	$195,350	8.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$30,991,007
Total Liabilities	$0
Net Assets	$30,991,007

Compensation

Key Employees and Officers	Compensation	Other
Bruce Gelbaugh (Vp/Treasurer/Director)	$91,450	$2,550
Carole Shifman (Program Director)	$69,450	$2,550
Burton Shifman (President/Director)	$19,450	$2,550
Arnold Shifman (Assistant Secretary/Director)	$5,000	$0
Jonathan Aaron (Secretary/Director)	$5,000	$0
Lawrence Handler (Director)	$5,000	$0

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990-PF

Filed on Nov. 14, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$1,943,592

Expenses

$2,083,149

Net Income

-$139,557

Net Assets

$31,443,390

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,183	0.5%
Dividends	$831,123	42.8%
Sales of Assets	$1,102,286	56.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,793,789	86.1%
Compensation of Officers*	$203,000	9.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$31,443,434
Total Liabilities	$44
Net Assets	$31,443,390

Compensation

Key Employees and Officers	Compensation	Other
Bruce Gelbaugh (Vp/Treasurer/Director)	$94,000	$0
Carole Shifman (Program Director)	$54,000	$0
Burton Shifman (President/Director)	$40,000	$0
Arnold Shifman (Assistant Secretary/Director)	$5,000	$0
Jonathan Aaron (Secretary/Director)	$5,000	$0
Lawrence Handler (Director)	$5,000	$0

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990-PF

Filed on Nov. 14, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$2,248,009

Expenses

$2,316,391

Net Income

-$68,382

Net Assets

$31,582,947

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,171	0.5%
Dividends	$764,325	34.0%
Sales of Assets	$1,473,513	65.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,892,642	81.7%
Compensation of Officers*	$203,000	8.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$31,582,991
Total Liabilities	$44
Net Assets	$31,582,947

Compensation

Key Employees and Officers	Compensation	Other
Bruce Gelbaugh (Vp/Treasurer)	$94,000	$0
Burton Shifman (President)	$94,000	$0
Arnold Shifman (Assistant Secretary)	$5,000	$0
Jonathan Aaron (Secretary)	$5,000	$0
Lawrence Handler (Director)	$5,000	$0

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990-PF

Filed on Nov. 13, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$2,854,895

Expenses

$2,359,360

Net Income

$495,535

Net Assets

$31,651,329

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,361	0.4%
Dividends	$756,561	26.5%
Sales of Assets	$2,087,973	73.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,046,429	86.7%
Compensation of Officers*	$208,000	8.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$31,651,713
Total Liabilities	$384
Net Assets	$31,651,329

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$1,981,550

Expenses

$2,087,421

Net Income

-$105,871

Net Assets

$31,155,794

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,207,754	60.9%
Interest Revenue	$742	0.0%
Dividends	$748,405	37.8%
Sales of Assets	$24,649	1.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,817,541	87.1%
Compensation of Officers*	$158,000	7.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$31,157,794
Total Liabilities	$2,000
Net Assets	$31,155,794

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$914,716

Expenses

$2,076,617

Net Income

-$1,161,901

Net Assets

$31,261,665

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,194	0.2%
Dividends	$599,563	65.5%
Sales of Assets	$312,959	34.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,832,145	88.2%
Compensation of Officers*	$158,000	7.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$31,261,665
Total Liabilities	$0
Net Assets	$31,261,665

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

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Ravitz Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $11.7M (2023)

Expenses $2.53M (2023)

Total Assets $41M (2023)

Total Liabilities $12.7k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Revenue

$11.7M (2023)

Expenses

$2.53M (2023)

Total Assets

$41M (2023)

Total Liabilities

$12.7k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

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2021

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2020

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2019

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2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

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2001