Michael Tuch Foundation Inc
- Assets
- $5.4m
- Revenue
- $752.9k
- Investments
- $5.4m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 06/1946
- Data as of
- 12/2023
- EIN
- 13-6002848
Organization Overview
Michael Tuch Foundation Inc is located in Albany, NY. The organization was established in 1946. 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. Michael Tuch Foundation 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 12/2023, Michael Tuch Foundation Inc generated $752.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $695.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Michael Tuch Foundation Inc has awarded 195 individual grants totaling $1,689,500. 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 |
|---|---|---|---|
Martha Tuck Rozett President | 1 | $16,623 | |
Jonathan S Tuck Vice President | 1 | $0 | |
Joshua S Rozett Secretary | 1 | $0 | |
John M Rozett Treasurer | 1 | $0 | |
Daniel H Tuck Director | 1 | $0 | |
Alexander Tuck Rozett Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $98,738 |
| Interest on Savings | $0 |
| Dividends & Interest | $242,723 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $407,767 |
| Capital Gain Net Income | $407,767 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,642 |
| Total Revenue | $752,870 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,623 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,378 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,351 |
| Total operating and administrative expenses | $63,396 |
| Contributions, gifts, grants paid | $632,000 |
| Total expenses and disbursements | $695,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,404 |
| 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 | $5,419,614 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,426,018 |
| 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, Michael Tuch Foundation Inc has awarded $632,000 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
THEATRE FOR A NEW AUDIENCE PURPOSE: GENERAL OPERATING | $10,000 |
MINT THEATER COMPANY PURPOSE: GENERAL OPERATING | $10,000 |
SYMPHONY SPACE PURPOSE: GENERAL OPERATING | $10,000 |
S'COOL SOUNDS PURPOSE: GENERAL OPERATING | $10,000 |
ROUNDABOUT THEATRE COMPANY PURPOSE: GENERAL OPERATING | $10,000 |
GINGOLD THEATRICAL GROUP PURPOSE: GENERAL OPERATING | $10,000 |