Marc A Somberg Memorial Foundation
- Assets
- $303.9k
- Revenue
- $25.5k
- Investments
- $284.3k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 05/1996
- Data as of
- 12/2021
- EIN
- 11-3295557
Organization Overview
Marc A Somberg Memorial Foundation is located in Pittsburgh, PA. The organization was established in 1996. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marc A Somberg Memorial 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 12/2021, Marc A Somberg Memorial Foundation generated $25.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $35.0k during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 7 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.
Since 2016, Marc A Somberg Memorial Foundation has awarded 36 individual grants totaling $155,500. 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 |
|---|---|---|---|
Matthew Somberg Trustee | 0.5 | $3,500 | |
Jennifer Bernier Trustee | 0.5 | $0 | |
Rachel Nilsen Trustee | 0.5 | $0 | |
Andrea Somberg Trustee | 0.5 | $0 | |
Emily Hopper Trustee | 0.5 | $0 | |
David Somberg Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250 |
| Interest on Savings | $3 |
| Dividends & Interest | $8,805 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,401 |
| Capital Gain Net Income | $16,401 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,459 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $153 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $130 |
| Total operating and administrative expenses | $5,008 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $35,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,606 |
| 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 | $284,290 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $303,896 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $15,000 |
| 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 | $15,000 |
Grants Awarded
Over the last fiscal year, Marc A Somberg Memorial Foundation has awarded $30,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Newtown, CT PURPOSE: UNRESTRICTED GENERAL SUPPORT | $5,000 |
West Palm Beach, FL PURPOSE: UNRESTRICTED GENERAL SUPPORT | $5,000 |
A MOTHER'S KISS PURPOSE: UNRESTRICTED GENERAL SUPPORT | $5,000 |
ANGELA'S HOUSE PURPOSE: UNRESTRICTED GENERAL SUPPORT | $5,000 |
CT CHILDREN'S MEDICAL CENTER PURPOSE: UNRESTRICTED GENERAL SUPPORT | $5,000 |
Bay Shore, NY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Womens Refugee Commission Inc New York, NY | $9,663,456 | $8,279,185 |
Functional Life Achievement Inc New York, NY | $29,963,902 | $11,056,116 |
Weston United Community Renewal Inc New York, NY | $28,555,510 | $11,389,304 |
Easter Seals Western And Central Pennsylvania Pittsburgh, PA | $10,920,074 | $11,474,729 |
Another Step Inc Valley Cottage, NY | $7,312,956 | $9,762,741 |
Ramsbottom Center Inc Bradford, PA | $2,906,313 | $9,810,763 |
Trpil Washington, PA | $4,460,831 | $840,300 |
Midland Adult Services Inc North Branch, NJ | $7,017,799 | $9,594,188 |
Quality Progressions Philadelphia, PA | $6,576,388 | $8,865,995 |
Independent Living Inc Newburgh, NY | $5,126,715 | $8,227,344 |
Choice Of New Rochelle Inc White Plains, NY | $3,655,888 | $8,760,646 |
Center For Independence Of The Disabled In New York Inc New York, NY | $5,117,672 | $8,728,153 |