Herbert And Roselle Mack Charitable Foundation
- Assets
- $677.9k
- Revenue
- $22.8k
- Investments
- $677.9k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1997
- Data as of
- 12/2023
- EIN
- 36-4118845
Organization Overview
Herbert And Roselle Mack Charitable Foundation is located in Chicago, IL. The organization was established in 1997. 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. Herbert And Roselle Mack 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 12/2023, Herbert And Roselle Mack Charitable Foundation generated $22.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $72.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Herbert And Roselle Mack Charitable Foundation has awarded 152 individual grants totaling $602,000. 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.
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 |
|---|---|---|---|
Eugene Kraus Director | 2 | $0 | |
Marilyn Stewart Director | 2 | $0 | |
Richard A Reisin Director | 2 | $0 | |
Harlan Stewart Secretary/treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $239 |
| Dividends & Interest | $16,926 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,609 |
| Capital Gain Net Income | $4,609 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,000 |
| Total Revenue | $22,774 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $367 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55 |
| Total operating and administrative expenses | $4,872 |
| Contributions, gifts, grants paid | $68,000 |
| Total expenses and disbursements | $72,872 |
| 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 | $677,927 |
| 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 | $48,479 |
| Total liabilities | $48,479 |
Grants Awarded
Over the last fiscal year, Herbert And Roselle Mack Charitable Foundation has awarded $68,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CHICAGO BOTANIC GARDEN PURPOSE: GENERAL SUPPORT | $1,500 |
REFUGEEONE PURPOSE: GENERAL SUPPORT | $2,000 |
WBEZ CHICAGO PUBLIC RADIO PURPOSE: GENERAL SUPPORT | $1,500 |
WTTW PURPOSE: GENERAL SUPPORT | $3,000 |
CHICAGO HISTORY MUSEUM PURPOSE: GENERAL SUPPORT | $1,500 |
CHIGAGO ARCHITECTURE FOUNDATION PURPOSE: GENERAL SUPPORT | $2,500 |