Blumenthal Foundation For Charity Religion Education & Better Inter-
- Assets
- $23.0m
- Revenue
- $670.7k
- Investments
- $22.7m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 07/1956
- Data as of
- 12/2021
- EIN
- 56-0793667
Organization Overview
Blumenthal Foundation For Charity Religion Education & Better Inter- is located in Charlotte, NC. The organization was established in 1956. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blumenthal Foundation For Charity Religion Education & Better Inter- 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 12/2021, Blumenthal Foundation For Charity Religion Education & Better Inter- generated $670.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Blumenthal Foundation For Charity Religion Education & Better Inter- has awarded 156 individual grants totaling $1,990,018. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Blumenthal Trustee-Part Time | 20 | $88,269 | |
Alan Blumenthal Trustee-Part Time | 0 | $0 | |
Samuel Blumenthal Trustee-Part Time | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $175 |
| Dividends & Interest | $376,026 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $275,206 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19,245 |
| Total Revenue | $670,652 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $88,269 |
| Other employee salaries and wages | $117,612 |
| Pension plans, employee benefits | $9,274 |
| Interest | $0 |
| Taxes | $9,962 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $258,413 |
| Total operating and administrative expenses | $564,574 |
| Contributions, gifts, grants paid | $1,280,267 |
| Total expenses and disbursements | $1,844,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,687 |
| Savings and temporary cash investments | $0 |
| 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 | $71,572 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,001,531 |
| Accounts payable and accrued expenses | $24,077 |
| Grants payable | $440,351 |
| 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 | $464,428 |
Grants Awarded
Over the last fiscal year, Blumenthal Foundation For Charity Religion Education & Better Inter- has awarded $1,052,018 in support to 96 organizations.
| Grant Recipient | Amount |
|---|---|
WILDACRES LEADERSHIP INITIATIVE PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
WILDACRES RETREAT PURPOSE: DONATION FOR GENERAL OPERATING SUPPORT | $50,000 |
WILDACRES LEADERSHIP INITIATIVE PURPOSE: A GRANT FOR GENERAL OPERATING SUPPORT. | $50,000 |
WILDACRES RETREAT PURPOSE: FOR GENERAL OPERATING SUPPORT | $50,000 |
WILDACRES RETREAT PURPOSE: GENERAL OPERATING SUPPORT. | $50,000 |
WILDACRES RETREAT PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
America First Inc Arlington, VA | $3,850,844 | $14,195,522 |
National Student Clearinghouse Research Center Herndon, VA | $3,158,535 | $8,719,036 |
American Bankruptcy Institute Alexandria, VA | $21,045,850 | $6,767,069 |
Blumenthal Foundation For Charity Religion Education & Better Inter- Charlotte, NC | $23,001,531 | $670,652 |
Cif Foundation Raleigh, NC | $1,312,868 | $2,652,169 |
Edtech Evidence Exchange Inc Arlington, VA | $487,028 | $236,335 |
Law And Justice Institute Virginia Beach, VA | $56,169 | $679,483 |
Charter Educational Services & Resources Inc Alpharetta, GA | $435,219 | $822,828 |
North Carolina Science Mathematics And Technology Education Center Research Triangle Park, NC | $166,934 | $630,072 |
Childrens Research & Education Institute Inc Charleston, SC | $8,303 | $620,928 |
Center For Race And Opportunity Morrisville, NC | $57,584 | $538,153 |
International Town & Gown Association Clemson, SC | $465,061 | $487,303 |