Mg Mezzanotte Foundation
- Assets
- $22.6m
- Revenue
- $503.6k
- Investments
- $21.6m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 30-6508848
Organization Overview
Mg Mezzanotte Foundation is located in Pennington, NJ. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Mg Mezzanotte 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, Mg Mezzanotte Foundation generated $503.6k 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 (33.4%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mg Mezzanotte Foundation has awarded 105 individual grants totaling $3,813,425. 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 |
|---|---|---|---|
Marianne Svoboda Advisory Committee Member | 2 | $0 | |
Christina Ann Svoboda Advisory Committee Member | 2 | $0 | |
Joseph Robert Svoboda Advisory Committee Member | 2 | $0 | |
Kristen Kery Svoboda Advisory Committee Member | 2 | $0 | |
John Fornaciari Advisory Committee Member | 2 | $0 | |
Bank Of America N A Trustee | 2 | $251,483 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $589,041 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$85,562 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $102 |
| Total Revenue | $503,581 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $251,483 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $38,466 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,285 |
| Total operating and administrative expenses | $444,141 |
| Contributions, gifts, grants paid | $984,051 |
| Total expenses and disbursements | $1,428,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,245 |
| Savings and temporary cash investments | $994,950 |
| 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 | $1,274,143 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,620,305 |
| 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, Mg Mezzanotte Foundation has awarded $984,051 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
TUNNEL TOWERS FOUNDATION PURPOSE: GENERAL OPERATING | $10,000 |
MAXWELTON AND LACHLAN PURPOSE: GENERAL OPERATING | $10,000 |
ANNA JULIA COOPER SCHOOL PURPOSE: GENERAL OPERATING | $10,000 |
SCOTTISH RITE FOUNDATION PURPOSE: GENERAL OPERATING | $170,645 |
THE SALVATION ARMY PURPOSE: GENERAL OPERATING | $102,387 |
UNIVERSITY CLUB PURPOSE: GENERAL OPERATING | $51,193 |