Morton & Barbara Mandel Family Foundation
- Assets
- $0.0
- Revenue
- $61.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 12/1965
- Data as of
- 12/2021
- EIN
- 34-6546420
Organization Overview
Morton & Barbara Mandel Family Foundation is located in Cleveland, OH. The organization was established in 1965. 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. Morton & Barbara Mandel 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 12/2021, Morton & Barbara Mandel Family Foundation generated $61.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 39.6% each year . All expenses for the organization totaled $15.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Morton & Barbara Mandel Family Foundation has awarded 417 individual grants totaling $58,229,213. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen A Vereb Secretary | 0 | $0 | |
Bradley S Smith Trustee/pres | 0 | $0 | |
Amy C Mandel Trustee | 0 | $0 | |
Thomas A Mandel Trustee | 0 | $0 | |
Stacy L Mandel Trustee | 0 | $0 | |
Angela A Weerasuriya Asst. Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,565,004 |
| Dividends & Interest | $3,441,666 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $52,725,971 |
| Capital Gain Net Income | $52,725,971 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,102,016 |
| Total Revenue | $61,834,657 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $416,175 |
| Taxes | $1,771,987 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,611,358 |
| Total operating and administrative expenses | $7,799,520 |
| Contributions, gifts, grants paid | $7,473,223 |
| Total expenses and disbursements | $15,272,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $257,535 |
| 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 | $257,535 |
Grants Awarded
Over the last fiscal year, Morton & Barbara Mandel Family Foundation has awarded $7,473,223 in support to 109 organizations.
| Grant Recipient | Amount |
|---|---|
A THERAPIST LIKE ME PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
AKRON CIVIC THEATRE PURPOSE: PROJECT SUPPORT | $50,000 |
AMERICAN FRIENDS OF THE HEBREW UNIVERSITY PURPOSE: PROJECT SUPPORT | $50,000 |
ASHEVILLE CREATIVE ARTS PURPOSE: PROJECT SUPPORT | $15,000 |
AMERICAN JEWISH WORLD SERVICE PURPOSE: GENERAL OPERATING SUPPORT | $45,000 |
ASHEVILLE CREATIVE ARTS PURPOSE: PROJECT SUPPORT | $12,400 |