Michael & Leah Weisberg Family Foundation
- Assets
- $3.0m
- Revenue
- $186.4k
- Investments
- $3.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2012
- Data as of
- 12/2023
- EIN
- 45-1539904
Organization Overview
Michael & Leah Weisberg Family Foundation is located in New York, NY. The organization was established in 2012. 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. Michael & Leah Weisberg 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 12/2023, Michael & Leah Weisberg Family Foundation generated $186.4k 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 (3.2%) each year. All expenses for the organization totaled $552.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Michael & Leah Weisberg Family Foundation has awarded 28 individual grants totaling $2,047,601. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES CONTRIBUTIONS TO SELECTEDCHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Weisberg Trustee | 1 | $0 | |
Leah J Weisberg Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $153,392 |
| Dividends & Interest | $44,636 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,596 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $186,432 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,962 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,786 |
| Total operating and administrative expenses | $15,698 |
| Contributions, gifts, grants paid | $536,716 |
| Total expenses and disbursements | $552,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,109 |
| 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 | $2,066,793 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,011,016 |
| 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, Michael & Leah Weisberg Family Foundation has awarded $536,716 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UJA FEDERATION PURPOSE: GENERAL PURPOSE | $24,220 |
MUSEUM OF MODERN ART PURPOSE: GENERAL PURPOSE | $896 |
NEW YORK HISTORICAL SOCIETY MUSEUM & LIBRARY PURPOSE: GENERAL PURPOSE | $247,000 |
NYU LANGONE - FACES PURPOSE: GENERAL PURPOSE | $250,000 |
WHITNEY MUSEUM PURPOSE: GENERAL PURPOSE | $14,600 |