Msbm Foundation
- Assets
- $1.3m
- Revenue
- $128.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 10/2019
- Data as of
- 12/2023
- EIN
- 82-3550308
Organization Overview
Msbm Foundation is located in Brooklyn, NY. The organization was established in 2019. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Msbm 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 12/2023, Msbm Foundation generated $128.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $63.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Msbm Foundation has awarded 151 individual grants totaling $368,539. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $125,400 |
| Interest on Savings | $3,012 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $128,412 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $973 |
| Contributions, gifts, grants paid | $62,498 |
| Total expenses and disbursements | $63,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,645 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $293,875 |
| 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 | $737,379 |
| Total assets | $1,332,899 |
| 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, Msbm Foundation has awarded $62,498 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NACHLAS YITZCHOK PURPOSE: GENERAL SUPPORT | $30,848 |
REFUAH HELPLINE PURPOSE: GENERAL SUPPORT | $1,000 |
VARIOUS CHARITY PURPOSE: GENERAL SUPPORT | $6,370 |
THE CHESED FUND PURPOSE: GENERAL SUPPORT | $880 |
YESHIVA KEHILATH YAKOV PURPOSE: GENERAL SUPPORT | $7,000 |
YESHIVA MEOR HACHAIM PURPOSE: GENERAL SUPPORT | $16,400 |