Nussdorf Family Foundation Inc
- Assets
- $19.0m
- Revenue
- $11.1m
- Investments
- $6.4m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 52-2209070
Organization Overview
Nussdorf Family Foundation Inc is located in West Palm Beach, FL. The organization was established in 2000. 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. Nussdorf 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 12/2021, Nussdorf Family Foundation Inc generated $11.1m in total revenue. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 62.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Nussdorf Family Foundation Inc has awarded 95 individual grants totaling $5,352,000. 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 |
|---|---|---|---|
Jed F Nussdorf Assistant Vice President | 1 | $0 | |
Melanie Franco Nussdorf President | 1 | $0 | |
Benjamin Af Nussdorf Assistant Vice President | 1 | $0 | |
Terri D Klatzkin Secretary And Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $156,886 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,463 |
| Capital Gain Net Income | $16,463 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,942,227 |
| Total Revenue | $11,115,576 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,566 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,242 |
| Contributions, gifts, grants paid | $1,612,000 |
| Total expenses and disbursements | $1,617,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,572,432 |
| Savings and temporary cash investments | $0 |
| 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 | $19,022,186 |
| 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, Nussdorf Family Foundation Inc has awarded $3,242,000 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: GENERAL PURPOSE | $800,000 |
North Bethesda, MD PURPOSE: GENERAL PURPOSE | $400,000 |
SMITHSONIAN INSTITUTION PURPOSE: GENERAL PURPOSE | $400,000 |
North Bethesda, MD PURPOSE: GENERAL PURPOSE | $400,000 |
Philadelphia, PA PURPOSE: LAWRENCE C. NUSSDORF URBAN LEADERSHIP PROGRAM | $200,000 |
Washington, DC PURPOSE: GENERAL PURPOSE | $158,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |
Thomas W Smith Foundation Boca Raton, FL | $35,370,958 | $23,899,669 |
University Of Central Florida Research Foundation Inc Orlando, FL | $26,737,307 | $16,545,937 |
Wonderful Life Foundation West Palm Beach, FL | $22,652,179 | $19,424,572 |
Thompson-Hartford Foundation Inc Tampa, FL | $0 | $6,094,384 |
Harrell Family Charities Inc Lakeland, FL | $0 | $11,320,223 |
Audrey And Martin Gruss Foundation West Palm Beach, FL | $0 | $7,573,459 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
St2 Foundation Inc Sunny Isles Beach, FL | $11,092,190 | $2,139,284 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |