Irving M Einbinder Charitable Foundation Incorporated
- Assets
- $6.6m
- Revenue
- $301.8k
- Investments
- $5.5m
- Employees
- 0
- Location
- Hagerstown, MD
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 20-2061329
Organization Overview
Irving M Einbinder Charitable Foundation Incorporated is located in Hagerstown, MD. The organization was established in 2005. 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. Irving M Einbinder Charitable Foundation Incorporated 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, Irving M Einbinder Charitable Foundation Incorporated generated $301.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $373.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Irving M Einbinder Charitable Foundation Incorporated has awarded 51 individual grants totaling $1,258,850. 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 |
|---|---|---|---|
Richard W Lauricella President/se | 0.5 | $3,000 | |
Sandra S Tillou CPA Vice Pres./t | 0.5 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,267 |
| Dividends & Interest | $135,677 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $137,226 |
| Capital Gain Net Income | $137,240 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,646 |
| Total Revenue | $301,816 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $676 |
| Taxes | $3,600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $198 |
| Total operating and administrative expenses | $56,436 |
| Contributions, gifts, grants paid | $317,000 |
| Total expenses and disbursements | $373,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,076,097 |
| 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 | $440,542 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,561,540 |
| 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, Irving M Einbinder Charitable Foundation Incorporated has awarded $317,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Adelphi, MD PURPOSE: GENERAL FUNDS | $77,000 |
Hagerstown, MD PURPOSE: GENERAL FUNDS | $50,000 |
Hagerstown, MD PURPOSE: GENERAL FUNDS | $50,000 |
HAGERSTOWN COMMUNITY COLLEGE PURPOSE: GENERAL FUNDS | $25,000 |
Memphis, TN PURPOSE: GENERAL FUNDS | $25,000 |
Jacksonville, FL PURPOSE: GENERAL FUNDS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Walder Family Foundation Wilmington, DE | $215,951,796 | $11,130,940 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Max Stenbeck Foundation Wilmington, DE | $3,203,232 | $39,728,528 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |