Martin And Nora Salzman Foundation
- Assets
- $290.9k
- Revenue
- $114.2k
- Investments
- $211.8k
- Employees
- 0
- Location
- Cherry Hill, NJ
- Founding
- 02/2019
- Data as of
- 05/2022
- EIN
- 83-0946642
Organization Overview
Martin And Nora Salzman Foundation is located in Cherry Hill, NJ. The organization was established in 2019. 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. Martin And Nora Salzman 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 05/2022, Martin And Nora Salzman Foundation generated $114.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.7%) each year. All expenses for the organization totaled $63.4k during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Martin And Nora Salzman Foundation has awarded 112 individual grants totaling $234,643. 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 |
|---|---|---|---|
Martin Salzman President | 1 | $0 | |
Nora Salzman Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $97,123 |
| Interest on Savings | $5 |
| Dividends & Interest | $5,013 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,101 |
| Capital Gain Net Income | $12,101 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $114,242 |
| 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 | $1,250 |
| Contributions, gifts, grants paid | $62,182 |
| Total expenses and disbursements | $63,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,118 |
| 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 | $0 |
| Total assets | $290,877 |
| 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, Martin And Nora Salzman Foundation has awarded $62,182 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Cherry Hill, NJ PURPOSE: CHARITABLE CONTRIBUTION | $21,097 |
Camden, NJ PURPOSE: CHARITABLE DONATION | $11,000 |
JEFFERSON HEALTH THOMAS JEFFERSON UNIVERSITY PURPOSE: CHARITABLE DONATION | $10,000 |
New York, NY PURPOSE: CHARITABLE DONATION | $3,000 |
Brooklyn, NY PURPOSE: CHARITABLE DONATION | $2,000 |
NEW YORK UNIVERSITY PURPOSE: CHARITABLE DONATION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
Head & Heart Foundation Tr Wilmington, DE | $258,907,072 | $16,871,801 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |