Marc Haas Foundation
- Assets
- $81.0m
- Revenue
- $7.3m
- Investments
- $75.3m
- Employees
- 0
- Location
- Melville, NY
- Founding
- 06/1981
- Data as of
- 12/2023
- EIN
- 13-3073137
Organization Overview
Marc Haas Foundation is located in Melville, NY. The organization was established in 1981. 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. Marc Haas 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 12/2023, Marc Haas Foundation generated $7.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $8.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Marc Haas Foundation has awarded 914 individual grants totaling $25,422,933. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew D Haines President | 20 | $200,000 | |
Stanley S Shuman Chairman/treasurer | 20 | $200,000 | |
Sydney R Shuman Deceased 09272023 Director | 1 | $0 | |
Francine Kane Secretary | 1 | $0 | |
Michael A Shumaneffective 09282023 Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,469,889 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,655,041 |
| Capital Gain Net Income | $2,655,041 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,194,930 |
| Total Revenue | $7,319,860 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $400,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $232,007 |
| Taxes | $162,378 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,004,948 |
| Total operating and administrative expenses | $1,917,343 |
| Contributions, gifts, grants paid | $6,474,353 |
| Total expenses and disbursements | $8,391,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,716,720 |
| Savings and temporary cash investments | $0 |
| 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 | $75,271,929 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $80,988,649 |
| 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, Marc Haas Foundation has awarded $6,474,353 in support to 244 organizations.
| Grant Recipient | Amount |
|---|---|
ADL (ANTI-DEFAMATION LEAGUE) PURPOSE: CHARITABLE | $25,000 |
ALBERT EINSTEIN COLLEGE OF MEDICINE PURPOSE: CHARITABLE | $25,000 |
ALL HALLOWS FOUNDATION PURPOSE: CHARITABLE | $10,000 |
ALL STAR CODE PURPOSE: CHARITABLE | $10,000 |
ALZHEIMER'S DRUG DISCOVERY FOUNDATION PURPOSE: CHARITABLE | $5,000 |
AMERICAN COMMITTEE FOR THE WEIZMANN INSTITUTE OF SCIENCE PURPOSE: CHARITABLE | $25,000 |