Martha And Max Rubinstein Family Foundation
- Assets
- $1.1m
- Revenue
- $98.1k
- Investments
- $1.0m
- Employees
- 0
- Location
- Lexington, MA
- Founding
- 08/2003
- Data as of
- 05/2024
- EIN
- 14-1852996
Organization Overview
Martha And Max Rubinstein Family Foundation is located in Lexington, MA. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Martha And Max Rubinstein 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 05/2024, Martha And Max Rubinstein Family Foundation generated $98.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $94.1k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Martha And Max Rubinstein Family Foundation has awarded 185 individual grants totaling $250,737. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,918 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,181 |
| Capital Gain Net Income | $64,181 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $98,099 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $6,416 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,676 |
| Depreciation | $0 |
| Occupancy | $2,768 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $404 |
| Total operating and administrative expenses | $32,884 |
| Contributions, gifts, grants paid | $61,200 |
| Total expenses and disbursements | $94,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,206 |
| Savings and temporary cash investments | $2,534 |
| 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 | $1,026,200 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,053,940 |
| 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, Martha And Max Rubinstein Family Foundation has awarded $61,200 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
CJP (ISRAEL EMERGENCY FUND) PURPOSE: CULTURAL & OTHER SIMILAR ACTIVITIES | $2,500 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE PURPOSE: CULTURAL & SIMILAR ACTIVITIES | $2,500 |
BAY TO SOUND NEIGHBORS PURPOSE: TO ASSIST THE ELDERLY | $1,000 |
CAPE SYMPHONY (FORMERLY CAPE CONSERVATORY) PURPOSE: EDUCATIONAL | $500 |
HEBREW COLLEGE PURPOSE: EDUCATION | $1,500 |
HEBREW UNION COLLEGE PURPOSE: EDUCATION | $1,250 |