Olemberg Family Foundation Inc
- Assets
- $6.5m
- Revenue
- $456.7k
- Investments
- $6.1m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 12/1994
- Data as of
- 12/2021
- EIN
- 65-0375570
Organization Overview
Olemberg Family Foundation Inc is located in Miami, FL. The organization was established in 1994. According to its NTEE Classification (T30) the organization is classified as: Public 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. Olemberg 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 12/2021, Olemberg Family Foundation Inc generated $456.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $320.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Olemberg Family Foundation Inc has awarded 143 individual grants totaling $1,640,780. 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 |
|---|---|---|---|
Jaqueline Olemberg Director | 0.25 | $0 | |
Roberto Olemberg Director | 0.25 | $0 | |
Jennifer Olemberg Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $168,535 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $288,197 |
| Capital Gain Net Income | $288,197 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $456,732 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63,827 |
| Total operating and administrative expenses | $69,709 |
| Contributions, gifts, grants paid | $251,075 |
| Total expenses and disbursements | $320,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $417,745 |
| Net Accounts receivable | $1 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,060,246 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,477,992 |
| 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, Olemberg Family Foundation Inc has awarded $251,075 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Miami Beach, FL PURPOSE: FOR USE BY THE DONEE ORGANIZATION | $83,161 |
FRIENDS OF THE IDF PURPOSE: FOR USE BY THE DONEE ORGANIZATION | $60,050 |
UNIVERSITY OF MIAMI PURPOSE: FOR USE BY THE DONEE ORGANIZATION | $25,000 |
Miami, FL PURPOSE: FOR USE BY THE DONEE ORGANIZATION | $25,000 |
THE CUBAN HEBREW CON MIAMI BEACH PURPOSE: FOR USE BY THE DONEE ORGANIZATION | $7,310 |
Miami, FL PURPOSE: FOR USE BY THE DONEE ORGANIZATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Miami Foundation Inc Miami, FL | $460,864,709 | $147,324,669 |
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Jupiter Medical Center Foundation Inc Jupiter, FL | $160,882,045 | $61,479,471 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Trustbridge Global Foundation Usa Inc Clearwater, FL | $68,735,703 | $42,627,282 |
Blue Cross And Blue Shield Of Florida Foundation Inc Jacksonville, FL | $500,668,406 | $165,069,947 |
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Tampa-Orlando-Pinellas Jewish Foundation Inc Tampa, FL | $66,534,235 | $10,949,791 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |