Morton & Sophia Macht Foundation Inc
- Assets
- $1.3m
- Revenue
- $475.7k
- Investments
- $591.9k
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 07/1956
- Data as of
- 04/2024
- EIN
- 52-6035753
Organization Overview
Morton & Sophia Macht Foundation Inc is located in Baltimore, MD. The organization was established in 1956. 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. Morton & Sophia Macht 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 04/2024, Morton & Sophia Macht Foundation Inc generated $475.7k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $425.5k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Morton & Sophia Macht Foundation Inc has awarded 78 individual grants totaling $1,117,484. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES CONTRIBUTIONS AND GRANTS TO OTHER TAX-EXEMPT ORGANIZATIONS WHO ARE INVOLVED IN DIRECT CHARITABLE ACTIVITIES - SEE PART I
THE FOUNDATION'S 100% OWNED COMMUNITY PROGRAM CENTERS, LLC WORKS IN CONNECTION WITH ARTS FOR LEARNING MARYLAND TO PROVIDE OPPORTUNITIES FOR ADULTS, TEENS, AND CHILDREN THROUGH AFTER SCHOOL TUTORING AND OTHER EDUCATIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Macht Pres - Ttee | 3 | $0 | |
Jill Gansler V.P. - Ttee | 1 | $0 | |
Katherine Kelly Howard V.P. - Secretary/ttee | 1 | $0 | |
Susan Campion V.P. - Asst. Secretary/treasurer/ttee | 1 | $0 | |
Peter Grose V.P. - Asst. Secretary/ttee | 1 | $0 | |
Robert W Mastropieri V.P. - Asst. Secretary/ttee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $425,900 |
| Interest on Savings | $0 |
| Dividends & Interest | $48,089 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,607 |
| Capital Gain Net Income | $1,607 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $100 |
| Total Revenue | $475,696 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,372 |
| Depreciation | $6,839 |
| Occupancy | $12 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,017 |
| Total operating and administrative expenses | $49,705 |
| Contributions, gifts, grants paid | $375,790 |
| Total expenses and disbursements | $425,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $518,398 |
| 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 | $217,593 |
| Net Land, buildings, and equipment | $170,064 |
| Other assets | $0 |
| Total assets | $1,280,378 |
| 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, Morton & Sophia Macht Foundation Inc has awarded $375,790 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ARTS FOR LEARNING MARYLAND (FUNDED THROUGH COMMUNITY PROGRAM CENTERS LLC) PURPOSE: YOUTH | $293,340 |
BRIGHT FOCUS - ALZHEIMER'S DISEASE RESEARCH PURPOSE: MEDICAL | $150 |
CHESAPEAKE BAY FOUNDATION PURPOSE: ADVOCACY/CIVIC | $500 |
FRANCISCAN CENTER PURPOSE: CHARITABLE | $300 |
GREATER BALTIMORE CULTURAL ALLIANCE PURPOSE: CHARITABLE | $250 |
COMMUNITY ASSISTANCE NETWORK PURPOSE: CHARITABLE | $45,000 |