M&m Schwartz Family Foundation
- Assets
- $2.4m
- Revenue
- $50.1k
- Investments
- $2.4m
- Employees
- 0
- Location
- Teaneck, NJ
- Founding
- 02/1999
- Data as of
- 12/2022
- EIN
- 13-4034456
Organization Overview
M&m Schwartz Family Foundation is located in Teaneck, NJ. The organization was established in 1999. 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&m Schwartz Family 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 12/2022, M&m Schwartz Family Foundation generated $50.1k 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 (18.5%) each year. All expenses for the organization totaled $158.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, M&m Schwartz Family Foundation has awarded 76 individual grants totaling $2,238,120. 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
THE ORGANIZATION ONLY PAID GRANTS FROM THE FOUNDATION AND HAD NO DIRECT OR INDIRECT EXPENSES ATTRIBUTABLE TO VARIOUS RECIPIENT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Moshe Schwartz Trustee | 1 | $0 | |
Malka Schwartz Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $166 |
| Dividends & Interest | $6,632 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,313 |
| Capital Gain Net Income | $43,313 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,111 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,987 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,987 |
| Contributions, gifts, grants paid | $154,900 |
| Total expenses and disbursements | $158,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,319 |
| 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 | $17,030 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,358,010 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,445,534 |
| 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&m Schwartz Family Foundation has awarded $154,900 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION LEV SIMCHA PURPOSE: RELIGIOUS & CHARITABLE | $72,000 |
CONGREGATION KNESST SIMCHA PURPOSE: RELIGIOUS & CHARITABLE | $25,000 |
SHALHEVET HATORAH INC PURPOSE: RELIGIOUS & CHARITALBE | $25,000 |
AMER FRIENDS OF CHOCHMAS HATORAH PURPOSE: RELIGIOUS & CHARITABLE | $20,000 |
CONGREGATION SUPPORTERS OF TORAH PURPOSE: RELIGIOUS & CHARITABLE | $5,000 |
MISCELLANEOUS 1000 PURPOSE: RELIGIOUS & CHARITABLE | $2,900 |