Louise D & Morton J Macks Family Foundation Inc
- Assets
- $1.3m
- Revenue
- $59.6k
- Investments
- $1.2m
- Employees
- 0
- Location
- Owings Mills, MD
- Founding
- 01/1991
- Data as of
- 09/2023
- EIN
- 52-1657510
Organization Overview
Louise D & Morton J Macks Family Foundation Inc is located in Owings Mills, MD. The organization was established in 1991. 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. Louise D & Morton J Macks Family Foundation Inc 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 09/2023, Louise D & Morton J Macks Family Foundation Inc generated $59.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $176.5k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Louise D & Morton J Macks Family Foundation Inc has awarded 118 individual grants totaling $1,355,467. 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 AWARDS GRANTS AND CONTRIBUTIONS TO OTHER SECTION 501(C)(3) ORGANIZATIONS. (SEE LIST ATTACHED)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Genine Macks Fidler President/director | 0 | $0 | |
Lawrence M Macks Vice President/director | 0 | $0 | |
Martha Macks-Kahn Vice President/director | 0 | $0 | |
Josh Fidler Treasurer/director | 0 | $0 | |
Ellen A Macks Secretary/director | 0 | $0 | |
Peter A Kahn Assistant Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45,067 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,301 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$20,802 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $59,566 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,340 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,230 |
| Contributions, gifts, grants paid | $162,300 |
| Total expenses and disbursements | $176,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,400 |
| Savings and temporary cash investments | $39,731 |
| 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 | $10,565 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $102 |
| Total assets | $1,283,741 |
| 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, Louise D & Morton J Macks Family Foundation Inc has awarded $162,300 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BALTIMORE SYMPHONY ORCHESTRA PURPOSE: UNRESTRICTED | $2,500 |
BETH TFILOH COMMUNITY SCHOOL PURPOSE: SPOTLIGHT 2023 | $5,000 |
BETH TFILOH CONGREGATION PURPOSE: UNRESTRICTED | $100,000 |
CAPITAL CAMPS PURPOSE: UNRESTRICTED | $5,000 |
DENVER JEWISH DAY SCHOOL PURPOSE: UNRESTRICTED | $5,000 |
HADASSAH OF GREATER BALTIMORE PURPOSE: UNRESTRICTED | $500 |