Samuel & Rose Mitchell Foundation
- Assets
- $1.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1957
- Data as of
- 12/2022
- EIN
- 13-6128527
Organization Overview
Samuel & Rose Mitchell Foundation is located in New York, NY. The organization was established in 1957. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Samuel & Rose Mitchell 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, Samuel & Rose Mitchell Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 55.3% each year . All expenses for the organization totaled $161.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Samuel & Rose Mitchell Foundation has awarded 73 individual grants totaling $298,516. 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 FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLEACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BYCONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER INTERNALREVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Heffron President | 20 | $9,000 | |
Ann Polansky Secretary | 20 | $9,000 | |
Nancy K Greene Treasurer | 20 | $8,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,197 |
| Dividends & Interest | $1,357 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,200,000 |
| Capital Gain Net Income | $1,200,000 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $48,227 |
| Total Revenue | $1,261,781 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,351 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $19,056 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,539 |
| Total operating and administrative expenses | $60,396 |
| Contributions, gifts, grants paid | $100,740 |
| Total expenses and disbursements | $161,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,559 |
| Savings and temporary cash investments | $942,084 |
| 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 | $335,354 |
| 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 | $1,486,997 |
| 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, Samuel & Rose Mitchell Foundation has awarded $100,740 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
ADA FDN PURPOSE: TO FURTHER THE MISSION OF THE ORGANIZATION. | $3,250 |
ALZHEIMERS DRUG DISCOVERY PURPOSE: TO FURTHER THE MISSION OF THE ORGANIZATION. | $3,175 |
AMERICAN JEWISH COMMITTEE PURPOSE: TO FURTHER THE MISSION OF THE ORGANIZATION. | $2,000 |
AMERICAN MUSEUM OF NATURAL HISTORY PURPOSE: TO FURTHER THE MISSION OF THE ORGANIZATION. | $1,500 |
AMERICAN CANCER SOCIETY PURPOSE: TO FURTHER THE MISSION OF THE ORGANIZATION. | $2,500 |
AMERICAN TECH SOCIETY PURPOSE: TO FURTHER THE MISSION OF THE ORGANIZATION. | $3,000 |