Masinter Family Foundation
- Assets
- $256.1k
- Revenue
- $75.0k
- Investments
- $237.9k
- Employees
- 0
- Location
- White Plains, NY
- Founding
- 03/1999
- Data as of
- 12/2023
- EIN
- 13-7133021
Organization Overview
Masinter Family Foundation is located in White Plains, NY. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Masinter Family Foundation 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, Masinter Family Foundation generated $75.0k 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 (12.0%) each year. All expenses for the organization totaled $132.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Masinter Family Foundation has awarded 42 individual grants totaling $532,905. 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 |
|---|---|---|---|
Edgar M Masinter Trustee | 0 | $0 | |
Margery F Masinter Trustee | 0 | $0 | |
Catherine M Hildenbrand Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $51,757 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,090 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,966 |
| Capital Gain Net Income | $55,942 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $193 |
| Total Revenue | $75,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,302 |
| Total operating and administrative expenses | $8,102 |
| Contributions, gifts, grants paid | $124,550 |
| Total expenses and disbursements | $132,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,125 |
| Savings and temporary cash investments | $11,160 |
| 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 | $256,145 |
| 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, Masinter Family Foundation has awarded $124,550 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA UNIVERSITY PURPOSE: CHARITABLE PURPOSE | $500 |
CONNECTICUT COLLEGE PURPOSE: CHARITABLE PURPOSE | $2,500 |
GRAND TETON MUSIC FESTIVAL PURPOSE: CHARITABLE PURPOSE | $3,500 |
DOCTORS WITHOUT BORDERS PURPOSE: CHARITABLE PURPOSE | $1,000 |
HARVARD COLLEGE PURPOSE: CHARITABLE PURPOSE | $500 |
NEW YORK PUBLIC RADIO PURPOSE: CHARITABLE PURPOSE | $500 |