Middendorf Foundation Inc
- Assets
- $32.7m
- Revenue
- $1.3m
- Investments
- $29.6m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 02/1955
- Data as of
- 09/2023
- EIN
- 52-6048944
Organization Overview
Middendorf Foundation Inc is located in Baltimore, MD. The organization was established in 1955. 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. Middendorf 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 09/2023, Middendorf Foundation Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $3.1m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Middendorf Foundation Inc has awarded 273 individual grants totaling $16,353,713. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Ware Secretary | 5 | $7,000 | |
Havaca Ganguly Executive Director | 40 | $149,418 | |
Linda W Mccleary Treasurer/vice President | 5 | $0 | |
M David Stallings Trustee | 3 | $5,600 | |
Melissa Delong Trustee | 3 | $7,000 | |
Phillips Hathaway Trustee | 3 | $7,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $749,974 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $457,012 |
| Capital Gain Net Income | $457,012 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $88,056 |
| Total Revenue | $1,295,042 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $242,325 |
| Other employee salaries and wages | $5,778 |
| Pension plans, employee benefits | $24,623 |
| Interest | $9 |
| Taxes | $77,196 |
| Depreciation | $3,685 |
| Occupancy | $30,265 |
| Travel, conferences, and meetings | $8,265 |
| Printing and publications | $0 |
| Other expenses | $30,976 |
| Total operating and administrative expenses | $650,263 |
| Contributions, gifts, grants paid | $2,402,153 |
| Total expenses and disbursements | $3,052,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,372 |
| Savings and temporary cash investments | $2,986,644 |
| 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 | $2,500 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $29,580,405 |
| Net Land, buildings, and equipment | $4,810 |
| Other assets | $103,592 |
| Total assets | $32,711,323 |
| Accounts payable and accrued expenses | $27,015 |
| 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 | $828,185 |
| Total liabilities | $855,200 |
Grants Awarded
Over the last fiscal year, Middendorf Foundation Inc has awarded $2,402,153 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TROWE PRICE - DONOR ADVISED FUND PURPOSE: GENERAL PURPOSE | $2,402,103 |
EMORY UNIVERSITY PURPOSE: GENERAL PURPOSE | $50 |