Mortimer H Furtsch Foundation Inc
- Assets
- $0.0
- Revenue
- $3.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Delray Beach, FL
- Founding
- 05/2003
- Data as of
- 12/2021
- EIN
- 02-0630222
Organization Overview
Mortimer H Furtsch Foundation Inc is located in Delray Beach, FL. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Mortimer H Furtsch 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 12/2021, Mortimer H Furtsch Foundation Inc generated $3.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $292.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mortimer H Furtsch Foundation Inc has awarded 16 individual grants totaling $438,592. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,052 |
| 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 | $3,052 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $166 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,102 |
| Contributions, gifts, grants paid | $288,592 |
| Total expenses and disbursements | $292,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, Mortimer H Furtsch Foundation Inc has awarded $288,592 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGEPORT PUBLIC EDUCATION FUND PURPOSE: EDUCATION OF CHILDREN THROUGH SCHOLARSHIPS | $2,000 |
VANGUARD CHARITABLE ENDOWMENT PROGRAM PURPOSE: ALL ASSETS OF MORTIMER H FURTSCH FOUNDATION INC. WERE TRANSFERRED TO VANGUARD CHARITABLE AND THE MORTIMER H FURTSCH HAS TERMINATED. | $286,592 |