Gutman Family Foundation Inc
- Assets
- $860.9k
- Revenue
- $371.3k
- Investments
- $652.4k
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 02/1964
- Data as of
- 12/2023
- EIN
- 52-6056321
Organization Overview
Gutman Family Foundation Inc is located in Baltimore, MD. The organization was established in 1964. 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. Gutman 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 12/2023, Gutman Family Foundation Inc generated $371.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $379.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gutman Family Foundation Inc has awarded 598 individual grants totaling $1,450,939. 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 |
|---|---|---|---|
Allan J Gibber President | 1 | $0 | |
Bernard Steinharter Sec/treas. | 1 | $0 | |
Abraham Gutman Vice - President | 1 | $0 | |
Miriam L Steinharter Director | 0 | $0 | |
Deborah S Gibber Director | 1 | $0 | |
Marion Gutman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $42,575 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $301,830 |
| Capital Gain Net Income | $301,830 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $368 |
| Total Revenue | $371,264 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $547 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,111 |
| Total operating and administrative expenses | $15,458 |
| Contributions, gifts, grants paid | $363,760 |
| Total expenses and disbursements | $379,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,181 |
| Savings and temporary cash investments | $11,259 |
| 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 | $100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $174,235 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $860,876 |
| 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, Gutman Family Foundation Inc has awarded $363,760 in support to 141 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIM PURPOSE: COMMUNITY ASSISTANCE | $2,500 |
AGUDAH ISRAEL OF BALTIMORE PURPOSE: COMMUNITY ASSISTANCE | $27,370 |
AGUDAH OF MARYLAND PURPOSE: RELIGIOUS EDUCATION | $2,500 |
AGUDATH CHARITY FUND PURPOSE: COMMUNITY ASSISTANCE | $10,169 |
AGUDAH OF AMERICA PURPOSE: RELIGIOUS EDUCATION | $2,518 |
AHAVAS YISROEL CHARITY FUND PURPOSE: COMMUNITY ASSISTANCE | $11,000 |