Greenburg-May Foundation Inc
- Assets
- $6.0m
- Revenue
- $451.7k
- Investments
- $4.7m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 10/1948
- Data as of
- 12/2022
- EIN
- 13-6162935
Organization Overview
Greenburg-May Foundation Inc is located in Palm Beach, FL. The organization was established in 1948. 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. Greenburg-May 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 12/2022, Greenburg-May Foundation Inc generated $451.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $898.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Greenburg-May Foundation Inc has awarded 135 individual grants totaling $5,785,680. 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 |
|---|---|---|---|
Peter May President | 10 | $0 | |
Linda Sklar Director | 10 | $0 | |
Jonathan May Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27 |
| Dividends & Interest | $98,529 |
| Net Rental Income | -$22,446 |
| Net Gain on Sale of Assets | $274,678 |
| Capital Gain Net Income | $259,706 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $78,425 |
| Total Revenue | $451,659 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $27,264 |
| Taxes | $9,037 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $78,938 |
| Total operating and administrative expenses | $197,202 |
| Contributions, gifts, grants paid | $701,450 |
| Total expenses and disbursements | $898,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $323,856 |
| Savings and temporary cash investments | $74,891 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $98 |
| Net other notes and loans receivable | $84 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,001,157 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $853,775 |
| Total assets | $5,971,444 |
| 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, Greenburg-May Foundation Inc has awarded $680,850 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ARCADIA UNIVERSITY PURPOSE: AID DONEE IN CARRYING OUT EXEMPT PURPOSE | $1,000 |
BIRTHRIGHT ISRAEL PURPOSE: AID DONEE ON CARRYING OUT EXEMPT PURPOSE | $45,000 |
CENTER FOR ADULT LIFE ENRICHMENT PURPOSE: AID DONEE IN CARRYING OUT EXEMPT PURPOSE | $1,000 |
COMMUNITY CHEST SOUTH SHORE PURPOSE: AID DONEE IN CARRYING OUT EXEMPT PURPOSE | $10,000 |
FRIENDS OF THE HEWLETT-WOODMERE LIBRARY PURPOSE: AID DONEE IN CARRYING OUT EXEMPT PURPOSE | $1,000 |
FOUNTAINS CHARITABLE FOUNDATION PURPOSE: AID DONEE IN CARRYING OUT EXEMPT PURPOSE | $3,000 |