Andrew J & Joyce D Mandell Family Foundation Inc
- Assets
- $7.5m
- Revenue
- $4.4m
- Investments
- $6.9m
- Employees
- 0
- Location
- Newington, CT
- Founding
- 11/1984
- Data as of
- 04/2024
- EIN
- 22-2536600
Organization Overview
Andrew J & Joyce D Mandell Family Foundation Inc is located in Newington, CT. The organization was established in 1984. 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. Andrew J & Joyce D Mandell Family 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 04/2024, Andrew J & Joyce D Mandell Family Foundation Inc generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $7.6m during the year ending 04/2024. While expenses have increased by 27.9% per year over the past 5 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.
Since 2021, Andrew J & Joyce D Mandell Family Foundation Inc has awarded 118 individual grants totaling $18,048,653. 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 |
|---|---|---|---|
Joyce D Mandell President | 0.5 | $0 | |
Andrew J Mandell Vice President | 0.5 | $0 | |
Bruce Mandell Secretary | 0.5 | $0 | |
Mark Mandell Director | 0.5 | $0 | |
Meryl Mandell Braunstein Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,022,380 |
| Interest on Savings | $0 |
| Dividends & Interest | $325,557 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,013,912 |
| Capital Gain Net Income | $3,013,912 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,361,849 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5 |
| Total operating and administrative expenses | $65,563 |
| Contributions, gifts, grants paid | $7,544,983 |
| Total expenses and disbursements | $7,610,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,687 |
| Savings and temporary cash investments | $397,130 |
| 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 | $590,249 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,500,060 |
| 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, Andrew J & Joyce D Mandell Family Foundation Inc has awarded $7,544,983 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF HARTFORD PURPOSE: SUPPORT | $30,000 |
AMERICAN CANCER SOCIETY PURPOSE: SUPPORT | $25,000 |
BOCA RIO FOUNDATION PURPOSE: SUPPORT | $1,500 |
BABSON COLLEGE PURPOSE: SUPPORT | $1,720,855 |
CT SCIENCE CENTER GOTHAM CITY GALA PURPOSE: SUPPORT | $5,000 |
CCMC FOUNDATION PURPOSE: SUPPORT | $1,500,000 |