William And Phyllis Mack Family Foundation Inc
- Assets
- $6.9m
- Revenue
- $5.5m
- Investments
- $6.8m
- Employees
- 0
- Location
- Fort Lee, NJ
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 22-3512719
Organization Overview
William And Phyllis Mack Family Foundation Inc is located in Fort Lee, NJ. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. William And Phyllis Mack 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 12/2021, William And Phyllis Mack Family Foundation Inc generated $5.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, William And Phyllis Mack Family Foundation Inc has awarded 71 individual grants totaling $7,509,305. 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 Mack Trustee | 0 | $0 | |
William Mack Trustee | 0 | $0 | |
Stephen Mack Trustee | 0 | $0 | |
Phyllis Mack Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,197,742 |
| Interest on Savings | $327 |
| Dividends & Interest | $16,000 |
| Net Rental Income | -$9,983 |
| Net Gain on Sale of Assets | -$56,076 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $283,252 |
| Total Revenue | $5,510,037 |
| 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 | $133,617 |
| Total operating and administrative expenses | $133,617 |
| Contributions, gifts, grants paid | $4,314,890 |
| Total expenses and disbursements | $4,448,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $6,837,605 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $61,532 |
| Total assets | $6,899,137 |
| 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 | $6,270,410 |
| Total liabilities | $6,270,410 |
Grants Awarded
Over the last fiscal year, William And Phyllis Mack Family Foundation Inc has awarded $4,314,890 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF PENNSYLVANIA PURPOSE: CHARITY | $2,000,000 |
GUGGENHEIM MUSEUM PURPOSE: CHARITY | $1,020,000 |
NORTHWELL HEALTH FOUNDATION PURPOSE: CHARITY | $710,500 |
PARK AVENUE SYNAGOGUE PURPOSE: CHARITY | $242,023 |
New York, NY PURPOSE: CHARITY | $68,000 |
92Y PURPOSE: CHARITY | $66,667 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Brooklyn Community Foundation Brooklyn, NY | $117,862,940 | $42,787,989 |
The@macmillan Family Foundation Inc New York, NY | $313,323,783 | $55,336,840 |
Foundation For Opioid Response Efforts New York, NY | $121,364,686 | $9,522,193 |
Friends Of Ahavat Shalom Inc Monsey, NY | $3,129,424 | $10,586,531 |
Barnett & Annalee Newman Foundation Tr New York, NY | $11,118,262 | $1,105,539 |
Zimmer Family Foundation Inc Saddle River, NJ | $21,093,817 | $10,817,000 |
Citizen Of Burma Award Organization Inc Jackson Heights, NY | $195,993 | $9,716,460 |
Cullen Foundation Buffalo, NY | $115,865,929 | $16,357,498 |