Mfk Charitable Foundation
- Assets
- $12.5k
- Revenue
- $298.8k
- Investments
- $8.8k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 05/2010
- Data as of
- 12/2022
- EIN
- 26-4457852
Organization Overview
Mfk Charitable Foundation is located in Brooklyn, NY. The organization was established in 2010. 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. Mfk Charitable 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, Mfk Charitable Foundation generated $298.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $410.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS SOLELY ENGAGED IN GRANT-MAKING ACTIVITIES AND IS FOLLOWING THE SPECIAL RULES
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 |
|---|---|---|---|
Morris Karmel Foundation M | 1.5 | $0 | |
Frieda Karmel Foundation M | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $406,805 |
| Interest on Savings | $6 |
| Dividends & Interest | $272 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$108,262 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $298,821 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,107 |
| Total operating and administrative expenses | $2,132 |
| Contributions, gifts, grants paid | $408,419 |
| Total expenses and disbursements | $410,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,723 |
| 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 | $8,780 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,503 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $25,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $25,000 |
Grants Awarded
Over the last fiscal year, Mfk Charitable Foundation has awarded $146,430 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
CONG KEREN ATERES YISOCHER DOV PURPOSE: FURTHERANCE OF CHARITABLE ACTIVITIES | $21,000 |
CONG LOMDEI KOLLEL BOKER PURPOSE: FURTHERANCE OF CHARITABLE ACTIVITIES | $5,000 |
CONG TOLDOS JAKOV JOSEF PURPOSE: FURTHERANCE OF CHARITABLE ACTIVITIES | $17,800 |
KOLLEL AVREICHIM OF BROOKLYN PURPOSE: EDUCATIONAL SCHOLARSHIPS | $23,400 |
MOSDOS CHASIDEI SQUARE PURPOSE: FURTHERANCE OF CHARITABLE ENDEAVORS | $1,000 |
OHR HACHAIM HAKADOSH PURPOSE: FURTHERANCE OF CHARITABLE ENDEAVORS | $15,000 |