Bms Family Foundation
- Assets
- $88.7m
- Revenue
- $2.3m
- Investments
- $81.0m
- Employees
- 0
- Location
- Jericho, NY
- Founding
- 08/2013
- Data as of
- 12/2022
- EIN
- 46-1082072
Organization Overview
Bms Family Foundation is located in Jericho, NY. The organization was established in 2013. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bms 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 12/2022, Bms Family Foundation generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 7 years. 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 |
|---|---|---|---|
M Silber President & Treasurer | 2 | $0 | |
B Silber Vice President | 1 | $0 | |
Jay D Waxenberg Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $167 |
| Dividends & Interest | $2,813,965 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$735,406 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $182,579 |
| Total Revenue | $2,261,305 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $169,296 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,968,349 |
| Total operating and administrative expenses | $2,144,480 |
| Contributions, gifts, grants paid | $2,500,000 |
| Total expenses and disbursements | $4,644,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,694,132 |
| Savings and temporary cash investments | $25,553 |
| 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 | $80,953,678 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $88,673,363 |
| Accounts payable and accrued expenses | $25 |
| 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 | $25 |