Nissie And Ethel Grossman Foundation
- Assets
- $65.8k
- Revenue
- $10.3k
- Investments
- $60.3k
- Employees
- 0
- Location
- Rockport, MA
- Founding
- 02/1965
- Data as of
- 07/2022
- EIN
- 04-6073423
Organization Overview
Nissie And Ethel Grossman Foundation is located in Rockport, MA. The organization was established in 1965. 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. Nissie And Ethel Grossman Foundation 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 07/2022, Nissie And Ethel Grossman Foundation generated $10.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 36.0% each year . All expenses for the organization totaled $7.6k during the year ending 07/2022. While expenses have increased by 0.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas S Grossman Manager/trustee | 1 | $0 | |
J Zachary Grossman Trustee | 0.25 | $0 | |
Eve Grossman Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,373 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,779 |
| Capital Gain Net Income | $8,779 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,302 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $101 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,085 |
| Total operating and administrative expenses | $4,352 |
| Contributions, gifts, grants paid | $3,262 |
| Total expenses and disbursements | $7,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,242 |
| Savings and temporary cash investments | $3,180 |
| 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 | $65,752 |
| 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, Nissie And Ethel Grossman Foundation has awarded $3,262 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ROFEH INTERNATIONAL PURPOSE: PATIENT SUPPORT | $500 |
TEMPLE AHAVAT ACHIM PURPOSE: RELIGIOUS | $450 |
JEWISH FAMILY & CHILDREN'S SERVICES PURPOSE: CHARITABLE | $400 |
HEBREW SENIOR LIFE PURPOSE: ELDERLY SUPPORT | $400 |
Brookline, MA PURPOSE: EDUCATIONAL | $350 |
LOWN RESEARCH FOUNDATION PURPOSE: CARDIOVASCULAR RESEARCH | $200 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nissie And Ethel Grossman Foundation has recieved totaling $900.
| Awarding Organization | Amount |
|---|---|
Jack M Soble Memorial Foundation West Palm Beach, FL PURPOSE: UNRESTRICTED | $900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
Motulsky-Nacht Family Foundation New York, NY | $171,149,787 | $10,722,392 |
Griffith R Harsh Iv And Margaret Cwhitman Charitable Foundation Albany, NY | $153,022,620 | $10,234,389 |