Gorfine Foundation Inc
- Assets
- $411.4k
- Revenue
- $30.5k
- Investments
- $402.6k
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 07/1949
- Data as of
- 12/2023
- EIN
- 52-6034786
Organization Overview
Gorfine Foundation Inc is located in Baltimore, MD. The organization was established in 1949. 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. Gorfine 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 12/2023, Gorfine Foundation Inc generated $30.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $71.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gorfine Foundation Inc has awarded 103 individual grants totaling $213,100. 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 |
|---|---|---|---|
Nanci Seff Pres | 0.25 | $0 | |
Edward Manekin Trustee | 0 | $0 | |
Sanford Schreiber Vp-Sec-Treas | 0.25 | $0 | |
Steven Manekin Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,414 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,084 |
| Capital Gain Net Income | $18,084 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,498 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $164 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,569 |
| Contributions, gifts, grants paid | $53,050 |
| Total expenses and disbursements | $71,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,873 |
| Savings and temporary cash investments | $4,941 |
| 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 | $411,366 |
| 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, Gorfine Foundation Inc has awarded $53,050 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FOUNDATION FOR SUICIDE PREVENTION PURPOSE: GENERAL | $500 |
ASSOCIATED JEWISH COMMUNITY FEDERATION OF BALTIMORE PURPOSE: GENERAL | $29,000 |
CASEY CARES FOUNDATION PURPOSE: GENERAL | $3,000 |
CHABAD LUBAVITCH OF DOWNTOWN BALTIMORE PURPOSE: GENERAL | $250 |
ED BLOCK COURAGE AWARD PURPOSE: GENERAL | $500 |
EDWARD MYERBURG SENIOR CENTER PURPOSE: GENERAL | $500 |