Morris And Bessie Altman Foundation
- Assets
- $6.7m
- Revenue
- $185.1k
- Investments
- $6.6m
- Employees
- 0
- Location
- Shelburne, VT
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 03-0323120
Organization Overview
Morris And Bessie Altman Foundation is located in Shelburne, VT. The organization was established in 0000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morris And Bessie Altman Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Morris And Bessie Altman Foundation generated $185.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (61.5%) each year. All expenses for the organization totaled $334.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Morris And Bessie Altman Foundation has awarded 147 individual grants totaling $1,099,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Majorie Stern Director | 0 | $0 | |
Abbi Stern Director | 0 | $0 | |
Sarena Stern Director | 0 | $0 | |
Peter Stern Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $98,843 |
| Interest on Savings | $3 |
| Dividends & Interest | $34,891 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,387 |
| Capital Gain Net Income | $51,387 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $185,124 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,381 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $98,634 |
| Total operating and administrative expenses | $106,548 |
| Contributions, gifts, grants paid | $228,000 |
| Total expenses and disbursements | $334,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $148,982 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,081,699 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,727,248 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Morris And Bessie Altman Foundation has awarded $228,000 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU OF VERMONT PURPOSE: GENERAL SUPPORT | $500 |
AGE WELL PURPOSE: GENERAL SUPPORT | $750 |
BOYS & GIRLS CLUB OF BURLINGTON PURPOSE: GENERAL SUPPORT | $750 |
BURLINGTON CITY ARTS PURPOSE: GENERAL SUPPORT | $5,500 |
BURLINGTON GENERATOR PURPOSE: GENERAL SUPPORT | $1,000 |
CHANGING PERSPECTIVES PURPOSE: GENERAL SUPPORT | $37,250 |