M & T Weiner Foundation
- Assets
- $25.0m
- Revenue
- $1.3m
- Investments
- $24.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/1979
- Data as of
- 12/2023
- EIN
- 13-2974080
Organization Overview
M & T Weiner Foundation is located in Wilmington, DE. The organization was established in 1979. 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. M & T Weiner 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 12/2023, M & T Weiner Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 6.4% per year over the past 9 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 2014, M & T Weiner Foundation has awarded 315 individual grants totaling $9,637,357. 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 |
|---|---|---|---|
Elliot Steinbaum Dir | 1 | $0 | |
Marshall Steinbaum Dir | 1 | $0 | |
Robert Steinbaum Dir, Sec, Treas | 1 | $0 | |
Rosemary Steinbaum Dir, Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,386 |
| Dividends & Interest | $688,732 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $636,850 |
| Capital Gain Net Income | $636,850 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,768 |
| Total Revenue | $1,344,736 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,330 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40,260 |
| Total operating and administrative expenses | $139,983 |
| Contributions, gifts, grants paid | $1,353,475 |
| Total expenses and disbursements | $1,493,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $571,961 |
| 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 | $25,042,560 |
| 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, M & T Weiner Foundation has awarded $1,353,475 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BRAVEN INCORPORATED PURPOSE: THE BRAVEN INCORPORATED ACTIVITIES AT RUTGERS UNIVERSITY-NEWARK REGION | $50,000 |
CLINTON HILL COMMUNITY ACTION PURPOSE: CHCA'S DEVELOPMENT OPERATION WITH LAPA | $60,000 |
COMMUNITY FOUNDATION OF NEW JERSEY PURPOSE: NEWARK PUBLIC LIBRARY FOUNDATION FUND - THE PHILIP ROTH LECTURE FUND | $10,000 |
COMMUNITY FOUNDATION OF NEW JERSEY PURPOSE: DONOR ADVISER FUND - M&T WEINER FUND | $336,000 |
COMMUNITY FOUNDATION OF NEW JERSEY PURPOSE: THE NEWARK GRASSROOTS RESOURCE CENTER FUND | $100,000 |
CONGREGATION AHAVAS SHOLOM PURPOSE: GENERAL & UNRESTRICTED | $7,500 |