Fain-Malsky Foundation
- Assets
- $403.7k
- Revenue
- $7.2k
- Investments
- $371.1k
- Employees
- 0
- Location
- Providence, RI
- Founding
- 05/1988
- Data as of
- 12/2023
- EIN
- 13-3474810
Organization Overview
Fain-Malsky Foundation is located in Providence, RI. The organization was established in 1988. 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. Fain-Malsky 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, Fain-Malsky Foundation generated $7.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $22.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Fain-Malsky Foundation has awarded 134 individual grants totaling $135,150. 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.
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 |
|---|---|---|---|
Eve Savitzky Trustee | 0 | $0 | |
Elizabeth Fain Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,196 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,196 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $439 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $300 |
| Total operating and administrative expenses | $739 |
| Contributions, gifts, grants paid | $22,050 |
| Total expenses and disbursements | $22,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,599 |
| 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 | $371,089 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $403,688 |
| 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, Fain-Malsky Foundation has awarded $22,050 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: UNRESTRICTED | $1,850 |
AMERICANS UNITED FOR THE SEPARATION OF CHURCH AND STATE PURPOSE: UNRESTRICTED | $250 |
ENVIRONMENTAL DEFENSE FUND PURPOSE: UNRESTRICTED | $1,000 |
HIAS PURPOSE: UNRESTRICTED | $1,850 |
IMMIGRANT LEGAL ADVOCACY PROJECT PURPOSE: UNRESTRICTED | $500 |
INTERFAITH ALLIANCE FOUNDATION PURPOSE: UNRESTRICTED | $500 |