Maurice & Carol Feinberg Family Fdn
- Assets
- $8.3m
- Revenue
- $448.2k
- Investments
- $3.8m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 00/0000
- Data as of
- 11/2022
- EIN
- 13-3746078
Organization Overview
Maurice & Carol Feinberg Family Fdn is located in Boston, MA. The organization was established in 0000. 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. Maurice & Carol Feinberg Family Fdn 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 11/2022, Maurice & Carol Feinberg Family Fdn generated $448.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.7% each year . All expenses for the organization totaled $624.7k during the year ending 11/2022. While expenses have increased by 6.3% 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 2020, Maurice & Carol Feinberg Family Fdn has awarded 99 individual grants totaling $2,111,533. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE THAT THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTORS, OTHER ORGANIZATIONS QUALIFYING FOR EXEMPTION UNDER SECTION 501(C)(C) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Feinberg Director/secretary & Treas | 1 | $0 | |
Hope Schroy Director/vice President | 1 | $0 | |
David Feinberg Director/president | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,386 |
| Dividends & Interest | $177,808 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $268,966 |
| Capital Gain Net Income | $268,966 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $448,160 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,352 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,836 |
| Total operating and administrative expenses | $67,148 |
| Contributions, gifts, grants paid | $557,521 |
| Total expenses and disbursements | $624,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $115,908 |
| 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 | $8,243 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,399,546 |
| Total assets | $8,278,898 |
| 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, Maurice & Carol Feinberg Family Fdn has awarded $557,521 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: GENERAL SUPPORT | $10,000 |
BELMONT HILL SCHOOL PURPOSE: GENERAL SUPPORT | $1,000 |
ASPCA PURPOSE: GENERAL SUPPORT | $10,000 |
BRIDGE OVER TROUBLED WATERS PURPOSE: GENERAL SUPPORT | $5,000 |
CENTRAL SYNAGOGUE PURPOSE: GENERAL SUPPORT | $5,000 |
CITIZENS SCHOOLS PURPOSE: GENERAL SUPPORT | $1,000 |