Mb Glassman Foundation
- Assets
- $17.3m
- Revenue
- $1.7m
- Investments
- $16.9m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 04/2012
- Data as of
- 12/2021
- EIN
- 45-2385853
Organization Overview
Mb Glassman Foundation is located in Denver, CO. The organization was established in 2012. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Mb Glassman 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, Mb Glassman Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.5% each year . All expenses for the organization totaled $481.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mb Glassman Foundation has awarded 190 individual grants totaling $2,582,500. 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 |
|---|---|---|---|
Philip S Mehler MD President And Chair | 2 | $0 | |
Hal Crane Director | 0.5 | $0 | |
Avi D Mehler Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $420,308 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,304,201 |
| Capital Gain Net Income | $1,304,201 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,393 |
| Total Revenue | $1,737,902 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,074 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $793 |
| Total operating and administrative expenses | $108,343 |
| Contributions, gifts, grants paid | $373,100 |
| Total expenses and disbursements | $481,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,774 |
| Savings and temporary cash investments | $312,754 |
| 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 | $274,089 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,305,686 |
| 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 | $73,954 |
| Total liabilities | $73,954 |
Grants Awarded
Over the last fiscal year, Mb Glassman Foundation has awarded $373,100 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: GENERAL OPERATING | $155,000 |
Denver, CO PURPOSE: GENERAL OPERATING | $50,000 |
YESHIVA TORAS CHAIM PURPOSE: GENERAL OPERATING | $35,000 |
DENVER KOLLEL PURPOSE: GENERAL OPERATING | $25,000 |
CHABAD LUBAVITCH OF SOUTHERN COLORADO PURPOSE: GENERAL OPERATING | $10,800 |
OHR AVNER PURPOSE: GENERAL OPERATING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kirk Humanitarian Salt Lake City, UT | $3,740,895 | $18,227,954 |
Early Learning Ventures Englewood, CO | $2,919,748 | $7,396,606 |
Friends Of Football Inc Pueblo, CO | $0 | $209,272 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM | $0 | $36,422,281 |
Secure World Foundation Broomfield, CO | $14,993,930 | $1,932,804 |
Case Commons Inc Lawrence, KS | $6,148,091 | $1,952,183 |
The Harold James Family Trust Prescott, AZ | $66,905,399 | $283,174 |
Smith-Pettit Foundation Salt Lake City, UT | $17,077,346 | $1,780,934 |
Foundation For A Better Life Denver, CO | $1,182,191 | $2,044,000 |
International Spine Study Group Foundation Brighton, CO | $5,806,474 | $2,130,790 |
National Center On Shaken Baby Syndrome Farmington, UT | $942,258 | $989,551 |
The Clifton Foundation Omaha, NE | $834,669 | -$35,977 |