Dare Msy Charitable Foundation
- Assets
- $15.4m
- Revenue
- $464.4k
- Investments
- $13.1m
- Employees
- 0
- Location
- Monsey, NY
- Founding
- 10/2007
- Data as of
- 12/2019
- EIN
- 20-7204930
Organization Overview
Dare Msy Charitable Foundation is located in Monsey, NY. The organization was established in 2007. 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.
For the year ending 12/2019, Dare Msy Charitable Foundation generated $464.4k 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 (4.9%) each year. All expenses for the organization totaled $907.9k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (11.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debi Grohman Trustee | 1 | $0 | |
Abe Grohman Trustee | 5 | $0 | |
Daniel Grohman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $39,311 |
| Dividends & Interest | $381,509 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,573 |
| Capital Gain Net Income | $43,573 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $464,393 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,864 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $94,170 |
| Total operating and administrative expenses | $109,034 |
| Contributions, gifts, grants paid | $798,841 |
| Total expenses and disbursements | $907,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,412,125 |
| Savings and temporary cash investments | $593,235 |
| 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 | $1,387,467 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $265,100 |
| Total assets | $15,363,895 |
| 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, Dare Msy Charitable Foundation has awarded $1,570,389 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BANK OF AMERICA CHARITABLE GIFT FUND PURPOSE: RELIGIOUS/CHARITABLE | $1,501,974 |
SECTION 501(C)(3) ORGANIZATIONS PURPOSE: RELIGIOUS/CHARITABLE | $68,415 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,147,138,007 | $304,610,125 |
Robertson Foundation New York, NY | $0 | $6,750,182 |
Surdna Foundation Inc New York, NY | $997,976,972 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $70,221,503 | $91,386,230 |
Quantitative Foundation Philadelphia, PA | $153,731,021 | $21,465,211 |
Paul E Singer Foundation New York, NY | $0 | $7,422,166 |
Bernard And Anne Spitzer Charitable Tr New York, NY | $584,180,972 | $20,558,970 |
Foundation For A Just Society New York, NY | $669,006,896 | $96,141,739 |
The Nathan Cummings Foundation Inc New York, NY | $444,315,012 | $24,977,243 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $1,477,774 |
Gray Foundation Cohoes, NY | $43,504,096 | $44,546,310 |
Maguire Foundation West Conshohocken, PA | $93,320,439 | $22,409,342 |