Mayberg Foundation Inc
- Assets
- $23.1m
- Revenue
- $10.0m
- Investments
- $13.4m
- Employees
- 0
- Location
- Chevy Chase, MD
- Founding
- 01/2018
- Data as of
- 12/2022
- EIN
- 81-4574465
Organization Overview
Mayberg Foundation Inc is located in Chevy Chase, MD. The organization was established in 2018. 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. Mayberg 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 12/2022, Mayberg Foundation Inc generated $10.0m 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 (6.8%) each year. All expenses for the organization totaled $9.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mayberg Foundation Inc has awarded 602 individual grants totaling $24,877,285. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
JEWISH ADULT EDUCATION AND ENGAGEMENT PROJECTS; THE JEWISH EDUCATION INNOVATION CHALLENGE, A PROGRAM TO DEVELOP INNOVATIVE MODELS IN JEWISH DAY SCHOOL EDUCATION THROUGH GRANT FUNDING, RESEARCH AND PROVISION OF CONSULTING SERVICES TO SCHOOLS; AND OTHER RELIGIOUS ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Mayberg President | 8 | $0 | |
Manette Mayberg Vice-President | 8 | $0 | |
Todd Sukol Executive Director | 40 | $250,000 | |
Rachel Abrahams Sr. Advisor - Educ. | 40 | $200,000 | |
Sharon Freundel Managing Director, J | 40 | $130,000 | |
Alex Shapero Myzuzah Program Dire | 40 | $109,375 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ladidadi Xm Llc | 12/30/22 | $224,349 |
Tefillin Together | 12/30/22 | $203,642 |
Betterlesson Inc | 12/30/22 | $128,694 |
Daniel Halbert | 12/30/22 | $94,500 |
David Farbman | 12/30/22 | $75,807 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,902,615 |
| Interest on Savings | $66 |
| Dividends & Interest | $108,890 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$58,225 |
| Capital Gain Net Income | $3,649,762 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,953,346 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $250,000 |
| Other employee salaries and wages | $970,379 |
| Pension plans, employee benefits | $286,827 |
| Interest | $0 |
| Taxes | $199,318 |
| Depreciation | $32,534 |
| Occupancy | $170,259 |
| Travel, conferences, and meetings | $42,682 |
| Printing and publications | $673 |
| Other expenses | $1,309,805 |
| Total operating and administrative expenses | $3,312,257 |
| Contributions, gifts, grants paid | $6,224,878 |
| Total expenses and disbursements | $9,537,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500,539 |
| Savings and temporary cash investments | $8,462,587 |
| 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 | $539,192 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,647,522 |
| Net Land, buildings, and equipment | $129,841 |
| Other assets | $16,602 |
| Total assets | $23,050,059 |
| Accounts payable and accrued expenses | $594,187 |
| Grants payable | $173,280 |
| Deferred revenue | $66,828 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $834,295 |
Grants Awarded
Over the last fiscal year, Mayberg Foundation Inc has awarded $6,224,878 in support to 124 organizations.
| Grant Recipient | Amount |
|---|---|
A WIDER CIRCLE PURPOSE: SUPPORT PROGRAMMING | $10,000 |
AISH GLOBAL PURPOSE: SUPPORT PROGRAMMING | $1,500,000 |
AISH HATORAH OF WASHINGTON DC INC PURPOSE: SUPPORT PROGRAMMING | $18,000 |
AMATZ INITIATIVE PURPOSE: SUPPORT PROGRAMMING | $30,000 |
ALEF BET MONTESSORI SCHOOL PURPOSE: SUPPORT PROGRAMMING | $5,000 |
AMERICAN FRIENDS OF SHALVA ISRAEL INC PURPOSE: SUPPORT PROGRAMMING | $14,600 |