Mannheim Family Foundation Inc
- Assets
- $11.9m
- Revenue
- $1.2m
- Investments
- $11.6m
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 09/2019
- Data as of
- 12/2023
- EIN
- 84-2802940
Organization Overview
Mannheim Family Foundation Inc is located in Wellesley, MA. The organization was established in 2019. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mannheim Family 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 12/2023, Mannheim Family Foundation Inc generated $1.2m 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 (16.1%) each year. All expenses for the organization totaled $573.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mannheim Family Foundation Inc has awarded 71 individual grants totaling $1,737,000. 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 |
|---|---|---|---|
David R Mannheim President | 5 | $0 | |
Janet A Latshaw-Mannheim Treasurer | 5 | $0 | |
Janet A Latshaw-Mannheim Clerk | 5 | $0 | |
David R Mannheim Director | 5 | $0 | |
Janet A Latshaw-Mannheim Director | 5 | $0 | |
Michelle L Mannheim Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $235,995 |
| 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 | $1,235,995 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,431 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,681 |
| Contributions, gifts, grants paid | $565,000 |
| Total expenses and disbursements | $573,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $260,254 |
| 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 | $11,597,301 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,857,555 |
| 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, Mannheim Family Foundation Inc has awarded $565,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
826 BOSTON PURPOSE: GENERAL FUND | $15,000 |
AMERICAN RED CROSS PURPOSE: GENERAL FUND | $40,000 |
EARTH DAY NETWORK THE CANOPY PROJECT PURPOSE: GENERAL FUND | $25,000 |
EQUAL JUSTICE INITIATIVE PURPOSE: GENERAL FUND | $25,000 |
INTERNATIONAL RESCUE COMMITTEE PURPOSE: GENERAL FUND | $35,000 |
GBH EDUCATIONAL FOUNDATION PURPOSE: GENERAL FUND | $25,000 |