Flax Family Foundation
- Assets
- $1.0m
- Revenue
- $104.3k
- Investments
- $847.5k
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 10/2008
- Data as of
- 12/2023
- EIN
- 26-1473302
Organization Overview
Flax Family Foundation is located in Albuquerque, NM. The organization was established in 2008. 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. Flax Family 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 12/2023, Flax Family Foundation generated $104.3k 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 (5.3%) each year. All expenses for the organization totaled $69.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Flax Family Foundation has awarded 52 individual grants totaling $239,700. 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 |
|---|---|---|---|
Jane Flax President | 1 | $0 | |
Michael G Flax MD Secretary/treasurer | 1 | $0 | |
Rebecca Flax Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $79,000 |
| Interest on Savings | $852 |
| Dividends & Interest | $28,845 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,447 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $104,250 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $862 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39 |
| Total operating and administrative expenses | $17,998 |
| Contributions, gifts, grants paid | $51,500 |
| Total expenses and disbursements | $69,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $164,654 |
| 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 | $135,715 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,012,125 |
| 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, Flax Family Foundation has awarded $51,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ALBUQUERQUE COMMUNITY FOUNDATION PURPOSE: TO BUILD, INVEST AND MANAGE ENDOWMENT FUNDS TO ENHANCE THE QUALITY OF OUR COMMUNITY THROUGH INFORMED STRATEGIC GRANTMAKING. | $1,500 |
COLORADO ROCKY MOUNTAIN SCHOOL PURPOSE: TO PROVIDE EDUCATION | $10,000 |
CONGREGATION B'NAI ISRAEL SISTERHOOD PURPOSE: TO FURTHER THE SISTERHOOD OUTREACH OF THE CONGREGATION B'NAI ISRAEL | $5,000 |
EXPLORA PURPOSE: TO PROVIDE SCIENCE EDUCATION TO CHILDREN | $10,000 |
NM HOLOCAUST MUSEUM PURPOSE: PROVIDES EDUCATION CONCERNING THE HOLOCAUST AND OTHER GENOCIDES, HUMAN RIGHTS, AND SOCIAL JUSTICE ISSUES. | $1,000 |
ROADRUNNER FOOD BANK PURPOSE: TO PROVIDE EQUAL ACCESS TO HUNGER RELIEF | $1,000 |