Mathenaeum Foundation
- Assets
- $9.7m
- Revenue
- $123.2k
- Investments
- $276.2k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 26-3372190
Organization Overview
Mathenaeum Foundation is located in Wilmington, DE. The organization was established in 2009. 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. Mathenaeum 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 12/2022, Mathenaeum Foundation generated $123.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (18.8%) each year. All expenses for the organization totaled $345.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mathenaeum Foundation has awarded 20 individual grants totaling $815,055. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $118,781 |
| Dividends & Interest | $2,959 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$294 |
| Capital Gain Net Income | $18,481 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,749 |
| Total Revenue | $123,195 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,252 |
| Total operating and administrative expenses | $35,745 |
| Contributions, gifts, grants paid | $309,301 |
| Total expenses and disbursements | $345,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,889,152 |
| 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 | $512,451 |
| Total assets | $9,677,793 |
| 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, Mathenaeum Foundation has awarded $309,301 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ART OF PROBLEM SOLVING INITIATIVE INC PURPOSE: GENERAL & UNRESTRICTED | $6,561 |
FANNIE AND JOHN HERTZ FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $6,250 |
GIRLS ANGLE INC PURPOSE: GENERAL & UNRESTRICTED | $11,010 |
MATHEMATICAL ASSOCIATION OF AMERICA INCORPORATED PURPOSE: PROJECT NEXT | $8,000 |
MATHSWORLDUK PURPOSE: EXPENDITURE RESPONSIBILITY GRANT | $61,839 |
PRISON MATHEMATICS PROJECT INC PURPOSE: PUBLIC AND PARTICIPANT OUTREACH AND COMMUNICATION | $25,000 |