Michael & Bettina Prober Family Foundation
- Assets
- $263.7k
- Revenue
- $286.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Chappaqua, NY
- Founding
- 09/2008
- Data as of
- 12/2023
- EIN
- 26-2092005
Organization Overview
Michael & Bettina Prober Family Foundation is located in Chappaqua, NY. The organization was established in 2008. 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. Michael & Bettina Prober 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, Michael & Bettina Prober Family Foundation generated $286.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 54.5% each year . All expenses for the organization totaled $26.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Prober President And Treasurer | 5 | $0 | |
Bettina Prober Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $205,207 |
| Interest on Savings | $9 |
| Dividends & Interest | $5,131 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,314 |
| Capital Gain Net Income | $76,314 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $286,661 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $11 |
| Taxes | $89 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,200 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $26,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,060 |
| Savings and temporary cash investments | $223,663 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $263,723 |
| 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, Michael & Bettina Prober Family Foundation has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MICHIGAN PURPOSE: FOR ROSS SCHOOL OF BUSINESS FAMILY SCHOLARSHIP FUND | $33,750 |
THE IDEAL SCHOOL OF MANHATTAN PURPOSE: GENERAL PURPOSES | $1,250 |