Monderer Foundation Inc
- Assets
- $6.1m
- Revenue
- $663.4k
- Investments
- $5.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2004
- Data as of
- 12/2022
- EIN
- 20-1842981
Organization Overview
Monderer Foundation Inc is located in New York, NY. The organization was established in 2004. 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. Monderer 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, Monderer Foundation Inc generated $663.4k 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 (3.7%) each year. All expenses for the organization totaled $396.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Monderer Foundation Inc has awarded 23 individual grants totaling $955,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol B Turchin Pres. & Treasurer | 0 | $0 | |
Benjamin Monderer V.P. & Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $237,680 |
| Interest on Savings | $24,211 |
| Dividends & Interest | $78,133 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $323,347 |
| Capital Gain Net Income | $323,347 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $663,371 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,280 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $78,807 |
| Contributions, gifts, grants paid | $317,500 |
| Total expenses and disbursements | $396,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,555 |
| 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 | $404,081 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,117,580 |
| 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, Monderer Foundation Inc has awarded $317,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CARE FOR THE HOMELESS PURPOSE: TO PROMOTE ITS CHARITABLE PURPOSE | $25,000 |
GOOD SAMARITAN HOSPITAL FOUNDATION PURPOSE: TO PROMOTE ITS CHARITABLE PURPOSE | $100,000 |
SQUASHBUSTERS PURPOSE: TO PROMOTE ITS CHARITABLE PURPOSE | $5,000 |
THE CENTER FOR DISCOVERY PURPOSE: TO PROMOTE ITS CHARITABLE PURPOSE | $75,000 |
THE HEBREW HOME AT RIVERDALE PURPOSE: TO PROMOTE ITS CHARITABLE PURPOSE | $5,000 |
TUFTS UNIVERSITY PURPOSE: TO PROMOTE ITS CHARITABLE PURPOSE | $105,000 |