Max Gruber Foundation Inc
- Assets
- $2.0m
- Revenue
- $67.2k
- Investments
- $1.5m
- Employees
- 0
- Location
- Roslyn Heights, NY
- Founding
- 07/1957
- Data as of
- 12/2022
- EIN
- 11-6021912
Organization Overview
Max Gruber Foundation Inc is located in Roslyn Heights, NY. The organization was established in 1957. 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. Max Gruber 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 12/2022, Max Gruber Foundation Inc generated $67.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $137.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Max Gruber Foundation Inc has awarded 95 individual grants totaling $679,112. 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 |
|---|---|---|---|
Philip Gruber Pres. & Director | 1 | $0 | |
James P Levin V.P. & Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,466 |
| Dividends & Interest | $30,398 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,019 |
| Capital Gain Net Income | $24,019 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,322 |
| Total Revenue | $67,205 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,721 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $15,675 |
| Contributions, gifts, grants paid | $122,046 |
| Total expenses and disbursements | $137,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,161 |
| Savings and temporary cash investments | $402,418 |
| 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 | $20,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,959,887 |
| 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, Max Gruber Foundation Inc has awarded $122,046 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE | $5,000 |
AMERICAN HEART ASSOCIATION PURPOSE: CHARITABLE | $1,046 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: CHARITABLE | $5,000 |
FEED THE CHILDREN PURPOSE: CHARITABLE | $3,000 |
GLOBAL GIVING PURPOSE: CHARITABLE | $4,000 |
FEEDING AMERICA PURPOSE: CHARITABLE | $3,000 |