Dare Msy Charitable Foundation
- Assets
- $14.9m
- Revenue
- $924.8k
- Investments
- $12.7m
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 10/2007
- Data as of
- 12/2022
- EIN
- 20-7204930
Organization Overview
Dare Msy Charitable Foundation is located in Boca Raton, FL. 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. Dare Msy Charitable 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 12/2022, Dare Msy Charitable Foundation generated $924.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $146.3k during the year ending 12/2022. 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 |
|---|---|---|---|
Abe Grohman Trustee | 5 | $0 | |
Debi Grohman Trustee | 1 | $0 | |
Daniel Grohman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $31,300 |
| Interest on Savings | $21,032 |
| Dividends & Interest | $393,161 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $479,298 |
| Capital Gain Net Income | $479,298 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $924,791 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,878 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $96,435 |
| Total operating and administrative expenses | $100,313 |
| Contributions, gifts, grants paid | $46,000 |
| Total expenses and disbursements | $146,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $473,640 |
| Savings and temporary cash investments | $632,365 |
| 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 | $2,005,936 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,160,000 |
| Total assets | $14,940,090 |
| 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 |
|---|---|
SECTION 501(C)(3) ORGANIZATIONS PURPOSE: RELIGIOUS/CHARITABLE | $68,415 |
BANK OF AMERICA CHARITABLE GIFT FUND PURPOSE: RELIGIOUS/CHARITABLE | $1,501,974 |