Mitchell Wolfson Family Foundation Inc
- Assets
- $3.9m
- Revenue
- $689.8k
- Investments
- $2.2m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 04/1956
- Data as of
- 12/2023
- EIN
- 59-0991920
Organization Overview
Mitchell Wolfson Family Foundation Inc is located in Miami, FL. The organization was established in 1956. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Mitchell Wolfson 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, Mitchell Wolfson Family Foundation Inc generated $689.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $695.7k during the year ending 12/2023. While expenses have increased by 1.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
OPERATION OF AUDUBON HOUSE, A HISTORICAL MUSEUM, LOCATED IN KEY WEST, FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacquelyn Waxenberg Member / V.P. | 5 | $0 | |
Louis Wolfson III Member / Trustee | 5 | $0 | |
Lynda Wolfson Fadel Member | 5 | $0 | |
Harold Auerbach Trustee / Asst. Secy. | 5 | $0 | |
Franz Capraro Trustee / Treas. | 5 | $0 | |
Mitchell Wolfson Jr Trustee / Chairman | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,213 |
| Interest on Savings | $0 |
| Dividends & Interest | $47,340 |
| Net Rental Income | $207,971 |
| Net Gain on Sale of Assets | $26,168 |
| Capital Gain Net Income | $26,168 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $175,439 |
| Other Income | $207,710 |
| Total Revenue | $689,841 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $202,747 |
| Pension plans, employee benefits | $12,626 |
| Interest | $0 |
| Taxes | $22,177 |
| Depreciation | $53,814 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $39,086 |
| Printing and publications | $0 |
| Other expenses | $332,057 |
| Total operating and administrative expenses | $695,668 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $695,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,676 |
| 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 | $518,054 |
| Prepaid expenses and deferred charges | $6,285 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,113,000 |
| Net Land, buildings, and equipment | $895,780 |
| Other assets | $48,677 |
| Total assets | $3,922,218 |
| Accounts payable and accrued expenses | $146 |
| 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 | $1,479 |
| Total liabilities | $1,625 |