Niemic Family Fund
- Assets
- $3.2m
- Revenue
- $574.0k
- Investments
- $2.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1993
- Data as of
- 03/2024
- EIN
- 13-3689379
Organization Overview
Niemic Family Fund is located in New York, NY. The organization was established in 1993. 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. Niemic Family Fund 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 03/2024, Niemic Family Fund generated $574.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $240.1k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Niemic Family Fund has awarded 91 individual grants totaling $904,369. 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 |
|---|---|---|---|
David W Niemiec Trustee | 2 | $0 | |
Melanie M Niemiec Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $482,461 |
| Interest on Savings | $46,660 |
| Dividends & Interest | $44,906 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $342,380 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $574,027 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $5,550 |
| Contributions, gifts, grants paid | $234,500 |
| Total expenses and disbursements | $240,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $777,240 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,159,819 |
| 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, Niemic Family Fund has awarded $234,500 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ANCOA TN PURPOSE: GENERAL | $1,000 |
BROWN ALPERT MEDICAL SCHOOL PURPOSE: GENERAL | $2,000 |
CHAMBER MUSIC SOCIETY OF LINCOLN CENTER PURPOSE: GENERAL | $61,000 |
DAVIDSON COLLEGE PURPOSE: GENERAL | $3,000 |
HEART AND SOULD CHARITABLE FUND PURPOSE: GENERAL | $5,000 |
LE KORS0 - AFLK PURPOSE: GENERAL | $10,000 |