Melvin & Estelle Gelman Foundation Inc
- Assets
- $2.2m
- Revenue
- $298.3k
- Investments
- $2.2m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/1957
- Data as of
- 12/2022
- EIN
- 52-6042344
Organization Overview
Melvin & Estelle Gelman Foundation Inc is located in Washington, DC. The organization was established in 1957. 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. Melvin & Estelle Gelman 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, Melvin & Estelle Gelman Foundation Inc generated $298.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $178.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Melvin & Estelle Gelman Foundation Inc has awarded 222 individual grants totaling $3,840,882. 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 |
|---|---|---|---|
Elise Lefkowitz Codirector | 0 | $0 | |
Elaine Miller Codirector | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $417 |
| Dividends & Interest | $38,077 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,370 |
| Capital Gain Net Income | $57,370 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,476 |
| Total Revenue | $298,340 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,373 |
| Total operating and administrative expenses | $6,608 |
| Contributions, gifts, grants paid | $172,302 |
| Total expenses and disbursements | $178,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $800 |
| 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 | $2,233,234 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $520 |
| Total assets | $2,234,554 |
| 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, Melvin & Estelle Gelman Foundation Inc has awarded $172,302 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGETOWN DAY SCHOOL PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE. | $20,000 |
CAPITAL JEWISH MUSEUM PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE. | $18,000 |
BREM FOUNDATION PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE. | $15,000 |
WASHINGTON HEBREW CONGREGATION PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE. | $14,471 |
MORSELIFE FOUNDATION PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE. | $12,500 |
THE WASHINGTON BALLET PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE. | $11,000 |