M Goldseker Foundation Of Md
- Assets
- $97.7m
- Revenue
- $3.5m
- Investments
- $92.8m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 08/1974
- Data as of
- 12/2022
- EIN
- 52-0983502
Organization Overview
M Goldseker Foundation Of Md is located in Baltimore, MD. The organization was established in 1974. 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. M Goldseker Foundation Of MD 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, M Goldseker Foundation Of MD generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $7.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, M Goldseker Foundation Of MD has awarded 771 individual grants totaling $30,543,036. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE FOUNDATION PROVIDES CONTRIBUTIONS AND GRANTS TO OTHER TAX EXEMPT ORGANIZATIONS WHO ARE INVOLVED IN DIRECT CHARITABLE ACTIVITIES - SEE LIST OF RECIPIENTS
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 |
|---|---|---|---|
Sheila Purkey Treasurer | 5 | $4,860 | |
Sheldon Goldseker Chairman | 15 | $108,876 | |
Susan Katzenberg Director | 2 | $8,000 | |
Sharna Goldseker Director | 2 | $8,000 | |
Deborah Goldseker Director | 2 | $8,000 | |
Ana Goldseker Director | 2 | $8,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Asset Strategy Consultants | 12/30/22 | $126,250 |
Staines Wiley & Schutz Llc | 12/30/22 | $79,752 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,238,446 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,971,217 |
| Capital Gain Net Income | $2,971,217 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$660,526 |
| Total Revenue | $3,549,137 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $684,549 |
| Other employee salaries and wages | $126,033 |
| Pension plans, employee benefits | $93,386 |
| Interest | $0 |
| Taxes | $44,518 |
| Depreciation | $0 |
| Occupancy | $60,629 |
| Travel, conferences, and meetings | $5,715 |
| Printing and publications | $30,615 |
| Other expenses | $492,615 |
| Total operating and administrative expenses | $1,636,881 |
| Contributions, gifts, grants paid | $5,965,452 |
| Total expenses and disbursements | $7,602,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,611 |
| Savings and temporary cash investments | $4,618,903 |
| 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 | $34,343,846 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $176,494 |
| Total assets | $97,711,542 |
| 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, M Goldseker Foundation Of Md has awarded $5,965,452 in support to 105 organizations.
| Grant Recipient | Amount |
|---|---|
THE ASSOCIATED JEWISH COMMUNITY FED PURPOSE: SUPPORTING GRANT | $301,500 |
JOHNS HOPKINS UNIVERSITY PURPOSE: SUPPORTING GRANT | $300,000 |
MORGAN STATE UNIVERSITY FOUNDATION PURPOSE: SUPPORTING GRANT | $300,000 |
SOUTHEAST COMMUNITY DEVELOPMENT COR PURPOSE: SUPPORTING GRANT | $225,000 |
CENTRAL BALTIMORE PARTNERSHIP PURPOSE: SUPPORTING GRANT | $250,000 |
BALTIMORE CORPS PURPOSE: SUPPORTING GRANT | $150,000 |