Theodore And Maxine Murnick Family Foundation Inc
- Assets
- $5.6m
- Revenue
- $147.3k
- Investments
- $5.6m
- Employees
- 0
- Location
- Short Hills, NJ
- Founding
- 01/2020
- Data as of
- 12/2023
- EIN
- 84-3875613
Organization Overview
Theodore And Maxine Murnick Family Foundation Inc is located in Short Hills, NJ. The organization was established in 2020. 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. Theodore And Maxine Murnick 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, Theodore And Maxine Murnick Family Foundation Inc generated $147.3k 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 (51.3%) each year.
Since 2020, Theodore And Maxine Murnick Family Foundation Inc has awarded 39 individual grants totaling $792,000. 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 |
|---|---|---|---|
Maxine Murnick President | 1 | $0 | |
Jay Murnick Trustee | 1 | $0 | |
Lee Murnick Trustee | 1 | $0 | |
Amy Murnick Mckeag Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $66,414 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $80,932 |
| Capital Gain Net Income | $80,932 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $147,346 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $43,728 |
| Contributions, gifts, grants paid | $255,000 |
| Total expenses and disbursements | $298,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,347 |
| 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 | $5,632,220 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,635,567 |
| 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, Theodore And Maxine Murnick Family Foundation Inc has awarded $255,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER NEWARK CONSERVANCY PURPOSE: GENERAL SUPPORT | $34,000 |
DAILY TABLE PURPOSE: GENERAL SUPPORT | $40,000 |
HORIZONS FOR HOMELESS CHILDREN PURPOSE: GENERAL SUPPORT | $30,000 |
HORIZONS NEWARK PURPOSE: GENERAL SUPPORT | $46,000 |
HEBREW FREE LOAN OF NEW JERSEY PURPOSE: GENERAL SUPPORT | $40,000 |
TULANE UNIVERSITY HILLEL CENTER PURPOSE: GENERAL SUPPORT | $40,000 |