Mitzen Foundation Inc
- Assets
- $6.0m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Saratoga Springs, NY
- Founding
- Data as of
- 12/2022
- EIN
- 85-3806264
Organization Overview
Mitzen Foundation Inc is located in Saratoga Springs, NY. 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. Mitzen 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 12/2022, Mitzen Foundation Inc generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (41.9%) each year. All expenses for the organization totaled $5.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Mitzen Foundation Inc has awarded 294 individual grants totaling $7,320,760. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE IN CHARITABLE GRANT-MAKING AND FINANCIAL SUPPORT OF CHARITABLE PROGRAMS OF VARIED TYPES, WHICH SATISFY THE PHILANTHROPIC INTERESTS OF THE MITZEN FAMILY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT TO HELP AFRICAN AMERICAN FEMALE LAWYERS START THEIR OWN PRACTICE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward G Mitzen President/treasurer | 1 | $0 | |
Lisa A Mitzen Vice President/secretary | 1 | $0 | |
Jahkeen Hoke Chief Executive Officer | 40 | $138,269 | |
Connie F Avila Skala Chief Brand Officer | 40 | $39,231 | |
Marie Masterson Director Of People & Culture | 40 | $13,077 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,600,767 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,038 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$227,708 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,396,097 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $190,577 |
| Other employee salaries and wages | $174,269 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $54,339 |
| Depreciation | $43,711 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,427 |
| Printing and publications | $0 |
| Other expenses | $1,043,088 |
| Total operating and administrative expenses | $1,604,304 |
| Contributions, gifts, grants paid | $3,464,470 |
| Total expenses and disbursements | $5,068,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $653,901 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $341,811 |
| 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 | $5,022,910 |
| Other assets | $23,630 |
| Total assets | $6,042,252 |
| Accounts payable and accrued expenses | $2,061 |
| 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 | $2,061 |
Grants Awarded
Over the last fiscal year, Mitzen Foundation Inc has awarded $3,464,470 in support to 166 organizations.
| Grant Recipient | Amount |
|---|---|
820 RIVER STREET INC PURPOSE: GENERAL NEEDS | $24,475 |
15-LOVE PURPOSE: GENERAL NEEDS | $10,000 |
A BETTER WORLD PURPOSE: GENERAL NEEDS | $5,000 |
ABORTION FUNDS PURPOSE: GENERAL NEEDS | $1,500 |
ACTIVE MINDS INC PURPOSE: GENERAL NEEDS | $4,000 |
ADOPTACLASSROOMORG PURPOSE: GENERAL NEEDS | $2,400 |