Cyvia And Melvyn Wolff Charitable Foundation
- Assets
- $3.3m
- Revenue
- $303.1k
- Investments
- $3.2m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 02/1999
- Data as of
- 11/2023
- EIN
- 76-0556526
Organization Overview
Cyvia And Melvyn Wolff Charitable Foundation is located in Houston, TX. The organization was established in 1999. 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. Cyvia And Melvyn Wolff Charitable Foundation 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 11/2023, Cyvia And Melvyn Wolff Charitable Foundation generated $303.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.0%) each year. All expenses for the organization totaled $740.5k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (25.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Cyvia And Melvyn Wolff Charitable Foundation has awarded 46 individual grants totaling $6,466,292. 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 |
|---|---|---|---|
Cyvia G Wolff Chairman | 1 | $0 | |
Curtis Wolff Trustee | 1 | $0 | |
Willie Alexander Director | 1 | $500 | |
Bradley Deutser President | 1 | $3,500 | |
Marc Grossberg Director | 1 | $2,000 | |
David Lyon Director | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $100,949 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $202,130 |
| Capital Gain Net Income | $202,130 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35 |
| Total Revenue | $303,114 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $850 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $84 |
| Total operating and administrative expenses | $43,404 |
| Contributions, gifts, grants paid | $697,076 |
| Total expenses and disbursements | $740,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,477 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,644 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,311,163 |
| 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, Cyvia And Melvyn Wolff Charitable Foundation has awarded $697,076 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BAYLOR COLLEGE OF MEDICINE PURPOSE: EDUCATION PROGRAM SUPPORT | $50,000 |
GREATER HOUSTON COMMUNITY FOUNDATION PURPOSE: GENERAL COMMUNITY SUPPORT | $94,000 |
INTERFAITH MINISTRIES OF GREATER HOUSTON PURPOSE: GENERAL COMMUNITY SUPPORT | $5,000 |
UNIVERSITY OF HOUSTON PURPOSE: EDUCATION PROGRAM SUPPORT | $446,826 |
ANTI-DEFAMATION LEAGUE PURPOSE: GENERAL COMMUNITY SUPPORT | $5,000 |
OUT FOR EDUCATION PURPOSE: EDUCATION PROGRAM SUPPORT | $20,000 |