Harold & Mimi Steinberg Charitable Trust
- Assets
- $60.9m
- Revenue
- $4.8m
- Investments
- $57.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1987
- Data as of
- 12/2023
- EIN
- 13-3383348
Organization Overview
Harold & Mimi Steinberg Charitable Trust is located in New York, NY. The organization was established in 1987. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Harold & Mimi Steinberg Charitable Trust 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, Harold & Mimi Steinberg Charitable Trust generated $4.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $5.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEINBERG DISTINGUISHED PLAYWRIGHT AWARD (THE MIMI) FOR ARTISTIC ACHIEVEMENT IN THE THEATER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James D Steinberg Director | 3 | $0 | |
William D Zabel Trustee | 3 | $0 | |
Seth Weingarten Trustee | 3 | $0 | |
Michael A Steinberg Director | 3 | $0 | |
Carole A Krumland Director | 3 | $0 | |
Susan C Frunzi Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Schulte Roth & Zabel Llp | 12/30/23 | $278,851 |
Cnr Securities | 12/30/23 | $68,889 |
Charles Schwab | 12/30/23 | $240,701 |
Withumsmithbrown Pc | 12/30/23 | $57,795 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20,050 |
| Dividends & Interest | $1,717,440 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,727,229 |
| Capital Gain Net Income | $2,727,229 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $309,160 |
| Total Revenue | $4,773,879 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $154,854 |
| Pension plans, employee benefits | $17,408 |
| Interest | $0 |
| Taxes | $9,596 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $867,666 |
| Total operating and administrative expenses | $1,752,037 |
| Contributions, gifts, grants paid | $3,308,000 |
| Total expenses and disbursements | $5,060,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,425,811 |
| 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 | $57,507,770 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $60,933,581 |
| 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, Harold & Mimi Steinberg Charitable Trust has awarded $7,979,341 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED SCHEDULE PURPOSE: UNRESTRICTED GRANTS | $7,779,341 |
SUZAN-LORI PARKS PURPOSE: STEINBERG DISTINGUISHED PLAYWRIGHT AWARD (THE MIMI) FOR ARTISTIC ACHIEVEMENT IN THE THEATER. | $200,000 |