Israel & Mollie Myers Foundation
- Assets
- $6.5m
- Revenue
- $845.5k
- Investments
- $5.4m
- Employees
- 0
- Location
- Towson, MD
- Founding
- 12/1983
- Data as of
- 12/2022
- EIN
- 52-1314430
Organization Overview
Israel & Mollie Myers Foundation is located in Towson, MD. The organization was established in 1983. 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. Israel & Mollie Myers 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, Israel & Mollie Myers Foundation generated $845.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $671.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Israel & Mollie Myers Foundation has awarded 458 individual grants totaling $4,514,032. 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.
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 |
|---|---|---|---|
Jonathan P Myers President | 5 | $0 | |
Judith Langenthal President | 5 | $0 | |
Joshua Langenthal Secretary | 5 | $0 | |
David Goldner Treasurer | 1 | $0 | |
Jeffrey Aberbanel Director | 1 | $0 | |
Beverly Myers Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $74,884 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $939,335 |
| Capital Gain Net Income | $939,335 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$168,740 |
| Total Revenue | $845,479 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $28,176 |
| Pension plans, employee benefits | $8,732 |
| Interest | $56 |
| Taxes | $7,056 |
| Depreciation | $169 |
| Occupancy | $2,545 |
| Travel, conferences, and meetings | $106 |
| Printing and publications | $0 |
| Other expenses | $76,764 |
| Total operating and administrative expenses | $194,948 |
| Contributions, gifts, grants paid | $476,602 |
| Total expenses and disbursements | $671,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,644 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $140,000 |
| 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 | $5,387,967 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,012,310 |
| Total assets | $6,542,921 |
| 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, Israel & Mollie Myers Foundation has awarded $476,602 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATED JCFB (BHI LIBRARY PLEDGE) PURPOSE: UNRESTRICTED | $151,100 |
BALTIMORE CURRICULUM PROJECT PURPOSE: UNRESTRICTED | $500 |
BALTO COMMUNITY FDN(RECOGNIZE GIL SANDLER) PURPOSE: UNRESTRICTED | $1,150 |
BERKELY HIGH SCHOOL DEVELOPMENT GROUP PURPOSE: UNRESTRICTED | $5,850 |
BETH AM (DUES & TRADITION FUNDS) PURPOSE: UNRESTRICTED | $9,443 |
BETH EL CONGREGATION PURPOSE: UNRESTRICTED | $3,835 |