The Murray Dranoff Foundation Inc
- Assets
- $128.8k
- Revenue
- $307.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Miami, FL
- Founding
- 03/1987
- Data as of
- 12/2021
- EIN
- 59-2726057
Organization Overview
The Murray Dranoff Foundation Inc is located in Miami, FL. The organization was established in 1987. 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. As of 12/2021, Murray Dranoff Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Murray Dranoff 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 12/2021, Murray Dranoff Foundation Inc generated $307.2k 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 (4.2%) each year. All expenses for the organization totaled $328.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CULTURAL ADVANCEMENT OF PIANO BY HOLDING SPECIAL EVENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS SPECIAL AND CULTURAL EVENTS HELD THROUGHOUT THE YEAR
VARIOUS SPECIAL AND CULTURAL EVENTS HELD THROUGHOUT THE YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlene Sawyer Director | OfficerTrustee | 40 | $92,042 |
Juan Carlos Espinosa Board Member | Trustee | $0 | |
Gabriele Fiorentino President | Trustee | $0 | |
Glenda Hayley Board Member | Trustee | $0 | |
Christina Bracken Board Member | Trustee | $0 | |
Frank Heidy Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $202,237 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,929 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $305,166 |
| Total Program Service Revenue | $2,079 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $307,245 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,042 |
| Compensation of current officers, directors, key employees. | $46,021 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,468 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,575 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,419 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,839 |
| Travel | $3,637 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,739 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,394 |
| All other expenses | $64,975 |
| Total functional expenses | $328,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,558 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,283 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $128,841 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $56,797 |
| Total liabilities | $56,797 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $72,044 |
| Total liabilities and net assets/fund balances | $128,841 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Murray Dranoff Foundation Inc has recieved totaling $135,042.
| Awarding Organization | Amount |
|---|---|
Kathleen Kennedy Foundation Boone, NC PURPOSE: SUPPORT FOR ARTS | $40,000 |
Fifty Over Fifty Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $35,000 |
Fifty Over Fifty Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $35,000 |
The Kirk Foundation Inc Palmetto Bay, FL PURPOSE: GENERAL PURPOSE | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $42 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |