Nissie And Ethel Grossman Foundation
- Assets
- $0.0
- Revenue
- $20.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Rockport, MA
- Founding
- 02/1965
- Data as of
- 07/2023
- 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 07/2023, Nissie And Ethel Grossman Foundation generated $20.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 45.3% each year . All expenses for the organization totaled $86.6k during the year ending 07/2023. While expenses have increased by 50.9% per year over the past 6 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
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 | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,707 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,138 |
| Capital Gain Net Income | $19,138 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,845 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $168 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,515 |
| Total operating and administrative expenses | $5,379 |
| Contributions, gifts, grants paid | $81,218 |
| Total expenses and disbursements | $86,597 |
| 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, Nissie And Ethel Grossman Foundation has awarded $81,218 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COMBINED JEWISH PHILANTHROPIES PURPOSE: CULTURAL | $42,164 |
DANA FARBER CANCER INSTITUTE PURPOSE: RESEARCH | $33,500 |
NEW ENGLAND HEBREW ACADEMY PURPOSE: EDUCATIONAL | $2,000 |
TEMPLE EMANUEL OF NEWTON PURPOSE: RELIGIOUS | $3,554 |