Louis And Phyllis Friedman Foundation Inc
- Assets
- $6.1m
- Revenue
- $1.2m
- Investments
- $5.9m
- Employees
- 0
- Location
- Towson, MD
- Founding
- 02/1996
- Data as of
- 12/2022
- EIN
- 52-1953450
Organization Overview
Louis And Phyllis Friedman Foundation Inc is located in Towson, MD. The organization was established in 1996. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Louis And Phyllis Friedman 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 12/2022, Louis And Phyllis Friedman Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $844.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Louis And Phyllis Friedman Foundation Inc has awarded 153 individual grants totaling $4,603,000. 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 |
|---|---|---|---|
Phyllis C Friedman Sec./dir. | 2 | $0 | |
Robert A Fuld Director | 0 | $0 | |
Louis F Friedman Pres./dir. | 2 | $0 | |
Samuel H Friedman V.p./dir. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $595,114 |
| Interest on Savings | $1,355 |
| Dividends & Interest | $225,598 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $403,705 |
| Capital Gain Net Income | $403,705 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,225,772 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,731 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $178 |
| Total operating and administrative expenses | $55,874 |
| Contributions, gifts, grants paid | $788,500 |
| Total expenses and disbursements | $844,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $143,489 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,054,262 |
| 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, Louis And Phyllis Friedman Foundation Inc has awarded $788,500 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: L&P FRIEDMAN BUILDING | $300,000 |
Baltimore, MD PURPOSE: THE PROMISE PROJECT | $100,000 |
Baltimore, MD PURPOSE: HERZENBERG GRATEFUL PATIENT FUND | $100,000 |
Baltimore, MD PURPOSE: OSTEOGENESIS IMPERFECTA RESEARCH FD | $100,000 |
UNIV MD ST JOSEPH MEDICAL CTR FDTN PURPOSE: PEDIATRICS UNIT PLAYROOM | $50,000 |
Baltimore, MD PURPOSE: CLINICAL TRAINING NEURO-REHAB UNIT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The United Way Of Central Maryland Inc Baltimore, MD | $67,768,699 | $88,763,556 |
American Gift Fund Wilmington, DE | $439,949,657 | $191,491,973 |
Associated Jewish Community Federation Of Baltimore Inc Baltimore, MD | $42,735,304 | $45,612,361 |
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $424,827,168 | $56,076,653 |
Associated Jewish Charities Of Baltimore Baltimore, MD | $398,678,795 | $51,667,875 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA | $71,821,513 | $41,142,392 |
Americas Charities Chantilly, VA | $19,664,098 | $37,274,660 |
The Jewish Federation Of Greater Washington Inc North Bethesda, MD | $260,201,202 | $41,780,933 |
Jewish Federation Of Greater Pittsburgh Pittsburgh, PA | $277,158,927 | $43,372,124 |
United Way Of South Hampton Roads Norfolk, VA | $66,003,873 | $28,678,324 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | $111,398,154 | $23,240,167 |
Colcom Foundation Pittsburgh, PA | $406,634,028 | $48,313,267 |