Maxwell Sedel Family Foundation Inc
- Assets
- $3.3m
- Revenue
- $3.1m
- Investments
- $3.3m
- Employees
- 0
- Location
- Somerville, MA
- Founding
- Data as of
- 12/2023
- EIN
- 92-1852417
Organization Overview
Maxwell Sedel Family Foundation Inc is located in Somerville, MA. 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. Maxwell Sedel 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.
Since 2023, Maxwell Sedel Family Foundation Inc has awarded 12 individual grants totaling $591,360. 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 |
|---|---|---|---|
Marc Maxwell Director, Ceo, Treasurer | 4 | $0 | |
Scott Squillace Director, Clerk | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,077,090 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,206 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,303 |
| Capital Gain Net Income | $6,921 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,140,599 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $879 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,067 |
| Printing and publications | $0 |
| Other expenses | $19,421 |
| Total operating and administrative expenses | $38,102 |
| Contributions, gifts, grants paid | $591,360 |
| Total expenses and disbursements | $629,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,025 |
| Savings and temporary cash investments | $15,754 |
| 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 | $3,348,462 |
| Accounts payable and accrued expenses | $2,285 |
| 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 | $2,285 |
Grants Awarded
Over the last fiscal year, Maxwell Sedel Family Foundation Inc has awarded $591,360 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON CHAMBER MUSIC SOCIETY PURPOSE: CULTURAL ARTS, PERFORMANCE AND EDUCATION | $10,000 |
KESHETORG PURPOSE: JEWISH CONTINUITY/LGBTQ ENGAGEMENT | $110,000 |
THE JONAH MACCABBEE FOUNDATION INC PURPOSE: JEWISH CULTURE, SUPPORT OF THE ARTS | $35,000 |
TEMPLE ISRAEL PURPOSE: JEWISH CONTINUITY, EDUCATON AND COMMUNITY INVOLVEMENT | $275,000 |
ISRAAID (US) GLOBAL HUMANITARIAN ASSISTANCE INC PURPOSE: HUMANITARIAN SUPPORT, CLEAN WATER AND EDUCATION | $25,000 |
JOAN G LOVERING HEALTH CENTER PURPOSE: WOMENS HEALTH AND REPRODUCTIVE FREEDOM | $10,000 |