Mannheimer Foundation Inc
- Assets
- $23.3m
- Revenue
- $9.2m
- Investments
- $4.4m
- Employees
- 0
- Location
- Allenhurst, NJ
- Founding
- 05/1969
- Data as of
- 12/2023
- EIN
- 22-1851590
Organization Overview
Mannheimer Foundation Inc is located in Allenhurst, NJ. The organization was established in 1969. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Mannheimer 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 12/2023, Mannheimer Foundation Inc generated $9.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $7.5m during the year ending 12/2023. While expenses have increased by 1.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO STUDY AND CONDUCT RESEARCH FOR THE ADVANCEMENT OF KNOWLEDGE WITH RESPECT TO HUMAN BEHAVIORAL, SOCIOLOGICAL AND PSYCHOLOGICAL PATTERNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Donato President | 0 | $12,000 | |
Dr Theodore I Malinin Medical Advi | 0 | $12,000 | |
Diane Donato First Vice P | 0 | $12,000 | |
Pablo Morales Director | 0 | $270,008 | |
Wesley Burnside Asst Directo | 0 | $150,520 | |
Gregory Parmenter Asst Directo | 0 | $134,296 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $232,884 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $672,963 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,312,989 |
| Total Revenue | $9,218,836 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $3,774,761 |
| Pension plans, employee benefits | $282,533 |
| Interest | $0 |
| Taxes | $25,587 |
| Depreciation | $381,922 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,883,402 |
| Total operating and administrative expenses | $7,482,085 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $7,482,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,343,019 |
| Savings and temporary cash investments | $612,905 |
| Net Accounts receivable | $1,215,735 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $300 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $13,040,328 |
| Other assets | $2,642,127 |
| Total assets | $23,256,337 |
| Accounts payable and accrued expenses | $722,459 |
| 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 | $722,459 |