Mrhm Inc
- Assets
- $33.5m
- Revenue
- $1.5m
- Investments
- $33.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2000
- Data as of
- 12/2020
- EIN
- 13-4077880
Organization Overview
Mrhm Inc is located in New York, NY. The organization was established in 2000. 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. Mrhm Inc 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 12/2020, Mrhm Inc generated $1.5m 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 (23.7%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (14.8%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mrhm Inc has awarded 22 individual grants totaling $3,067,346. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGACY HERITAGE PROGRAMMING IX LLC - SEE PART XV
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Stern Director | 0 | $0 | |
S Wexner Pres,secy,treas,dir | 0 | $0 | |
R Kanner Director | 0 | $0 | |
B Gloznek Assistant Secretary | 0 | $0 | |
G Levy Director | 0 | $0 | |
D Weissman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21 |
| Dividends & Interest | $793,377 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $299,051 |
| Capital Gain Net Income | $299,051 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $375,743 |
| Total Revenue | $1,468,192 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $8,961 |
| Taxes | $68,742 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $112,942 |
| Total operating and administrative expenses | $203,498 |
| Contributions, gifts, grants paid | $948,156 |
| Total expenses and disbursements | $1,151,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $138,885 |
| 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 | $33,324,188 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $33,463,073 |
| Accounts payable and accrued expenses | $15,183 |
| 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 | $15,183 |
Grants Awarded
Over the last fiscal year, Mrhm Inc has awarded $2,119,190 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
NACHSHON PROJECT GRADUATE SCHOOL FELLOWSHIP PURPOSE: PARTICIPANTS IN THE NACHSHON PROJECT, (AN EDUCATIONAL PROGRAM SPONSORED BY JLRJ, INC., A NONPROFIT ORGANIZATION,) WHO CONTINUE ON TO GRADUATE DEGREES THAT PREPARE THEM FOR PROFESSIONAL CAREERS IN THE JEWISH COMMUNITY MAY APPLY FOR THE NACHSHON PROJECT GRADUATE FELLOWSHIP. GRADUATE FELLOWS ARE GRANTED UP TO $30,000 ANNUALLY FOR THE DURATION OF THEIR STUDIES (THE FUNDS CAN BE USED TO PAY FOR TUITION AND LIVING EXPENSES). THE GRADUATE FELLOWSHIP PROVIDES FELLOWS WITH TOOLS, SKILLS, AND NETWORKING OPPORTUNITIES TO HELP THEM SUCCEED IN THEIR FUTURE CAREERS AS JEWISH COMMUNAL PROFESSIONALS. UPON COMPLETING GRADUATE SCHOOL, GRADUATE FELLOWS ARE REQUIRED TO WORK PROFESSIONALLY WITHIN THE NORTH AMERICAN JEWISH COMMUNITY FOR 1.5 YEARS FOR EACH YEAR THAT THEY RECEIVED FINANCIAL SUPPORT FOR THEIR GRADUATE EDUCATION. | $952,500 |
New York, NY PURPOSE: GENERAL SUPPORT FOR ORGANIZATION'S EDUCATIONAL SUMMERTIME PROGRAMMING. | $266,475 |
New York, NY PURPOSE: FUNDING TO SUPPORT THE PURCHASE OF MEDICAL EQUIPMENT. | $150,000 |
YESHIVA UNIVERSITY STERN COLLEGE FOR WOMEN PURPOSE: PROVIDE SUPPORT FOR THE UNIVERSITY'S PROGRAM FOR STUDENTS MAJORING IN JEWISH EDUCATION. | $148,650 |
Encino, CA PURPOSE: FUNDING TO SUPPORT THE ORGANIZATION'S SUMMERTIME SPECIAL NEEDS PROGRAMMING. | $100,000 |
LEGACY HERITAGE PROGRAMMING IX LLC PURPOSE: DIRECT CHARITABLE ACTIVITY EXPENSES | $91,742 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |