Mailman Foundation Inc
- Assets
- $20.3m
- Revenue
- $1.8m
- Investments
- $17.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1949
- Data as of
- 12/2021
- EIN
- 13-6161556
Organization Overview
Mailman Foundation Inc is located in New York, NY. The organization was established in 1949. 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. Mailman 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 12/2021, Mailman Foundation Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $814.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mailman Foundation Inc has awarded 150 individual grants totaling $3,454,740. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Mailman Vp/asst. Treasurer | 0.25 | $0 | |
Joan M Wolfe President | 20 | $25,000 | |
Johanna L Wolfe Vp/asst Secretary | 0.25 | $0 | |
Olivia L Wolfe Vp/asst Secretary | 20 | $25,000 | |
Joseph V Hastings Secretary/treasurer | 1.5 | $0 | |
Phyllis Mailman Vp/asst. Treasurer | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neuberger Berman Llc | 12/30/21 | $123,421 |
Select Equity Group Lp | 12/30/21 | $76,361 |
Neuberger Berman Llc | 12/30/21 | $123,421 |
Select Equity Group Lp | 12/30/21 | $76,361 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,184 |
| Dividends & Interest | $249,958 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,583,503 |
| Capital Gain Net Income | $1,583,503 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,209 |
| Total Revenue | $1,843,854 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $12,737 |
| Interest | $0 |
| Taxes | $5,426 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $226,189 |
| Total operating and administrative expenses | $341,456 |
| Contributions, gifts, grants paid | $472,610 |
| Total expenses and disbursements | $814,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,849,392 |
| Net Accounts receivable | $1,982 |
| 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 | $47,588 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,941,973 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,341 |
| Total assets | $20,281,051 |
| 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 | $141,046 |
| Total liabilities | $141,046 |
Grants Awarded
Over the last fiscal year, Mailman Foundation Inc has awarded $990,220 in support to 72 organizations.
| Grant Recipient | Amount |
|---|---|
AANT PURPOSE: UNRESTRICTED CHARITIBLE PURPOSE | $50,000 |
APERTURE FOUNDATION INC PURPOSE: UNRESTRICTED CHARITIBLE PURPOSE | $7,500 |
BROOKLYN ACADEMY OF MUSIC PURPOSE: UNRESTRICTED CHARITIBLE PURPOSE | $7,500 |
CEDARS-SINAI MEDICAL CENTER PURPOSE: UNRESTRICTED CHARITIBLE PURPOSE | $25,000 |
CEDARS-SINAI MEDICAL CENTER PURPOSE: UNRESTRICTED CHARITIBLE PURPOSE | $20,000 |
CENTER FOR REPRODUCTIVE RIGHTS PURPOSE: UNRESTRICTED CHARITIBLE PURPOSE | $20,000 |