N&b Roberts Foundation Inc
- Assets
- $7.6m
- Revenue
- $215.8k
- Investments
- $3.0m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 04/2017
- Data as of
- 12/2023
- EIN
- 81-4984390
Organization Overview
N&b Roberts Foundation Inc is located in Miami, FL. The organization was established in 2017. 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. N&b Roberts 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.
Since 2018, N&b Roberts Foundation Inc has awarded 192 individual grants totaling $2,438,108. 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 |
|---|---|---|---|
Lawrence Magid President | 5 | $0 | |
Milagro Magid Treasurer | 5 | $0 | |
Jordan Magid Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,142 |
| Dividends & Interest | $122,806 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75,783 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $46 |
| Total Revenue | $215,777 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,800 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61,225 |
| Total operating and administrative expenses | $115,254 |
| Contributions, gifts, grants paid | $537,300 |
| Total expenses and disbursements | $652,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,503 |
| 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 | $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 | $4,379,370 |
| Total assets | $7,634,931 |
| 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, N&b Roberts Foundation Inc has awarded $537,300 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
5TH AVE TEMPLE PURPOSE: TO FUND THE GOALS OF THE LARRY & MILLIE MAGID FAMILY FOUNDATION | $5,200 |
AMERICAN FRIENDS BAR IIAN UNIVERSITY PURPOSE: TO FUND THE GOALS OF THE LARRY & MILLIE MAGID FAMILY FOUNDATION | $2,500 |
AMERICAN FRIENDS OF LIKUD PURPOSE: TO FUND THE GOALS OF THE LARRY & MILLIE MAGID FAMILY FOUNDATION | $2,500 |
BIKUR V EZARAS PURPOSE: TO FUND THE GOALS OF THE LARRY & MILLIE MAGID FAMILY FOUNDATION | $30,000 |
CHABAD OF MINEOLA PURPOSE: TO FUND THE GOALS OF THE LARRY & MILLIE MAGID FAMILY FOUNDATION | $2,500 |
BNAI BRITH PURPOSE: TO FUND THE GOALS OF THE LARRY & MILLIE MAGID FAMILY FOUNDATION | $22,500 |