Musikantow Foundation
- Assets
- $163.1k
- Revenue
- $54.9k
- Investments
- $140.6k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/2001
- Data as of
- 12/2023
- EIN
- 36-4448466
Organization Overview
Musikantow Foundation is located in Chicago, IL. The organization was established in 2001. 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. Musikantow 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, Musikantow Foundation generated $54.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 42.9% each year . All expenses for the organization totaled $22.8k during the year ending 12/2023. While expenses have increased by 9.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Musikantow President/vice President | 1 | $0 | |
Amy Musikantow Secretary/treasurer | 1 | $0 | |
David Glickstein Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,000 |
| Interest on Savings | $30 |
| Dividends & Interest | $3,533 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,339 |
| Capital Gain Net Income | $21,339 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $54,902 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $54 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $880 |
| Total operating and administrative expenses | $3,234 |
| Contributions, gifts, grants paid | $19,550 |
| Total expenses and disbursements | $22,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,415 |
| Savings and temporary cash investments | $7,329 |
| 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 | $788 |
| Total assets | $163,102 |
| 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, Musikantow Foundation has awarded $19,550 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HUMANE SOCIETY OF MARION COUNTY PURPOSE: GENERAL FUND | $100 |
PACE CENTER FOR GIRLS PURPOSE: GENERAL FUND | $3,300 |
THOROUGH BRED RETIREMENT FOUNDATION PURPOSE: GENERAL FUND | $100 |
THE LIGHTHOUSE PURPOSE: GENERAL FUND | $1,000 |
UNIVERSITY OF CHICAGO LABRORATORY SCHOOL PURPOSE: GENERAL FUND | $10,000 |
MAYO CLINIC PURPOSE: GENERAL FUND | $5,000 |