Max & Morton M Rosenfeld Foundation Inc
- Assets
- $754.2k
- Revenue
- $91.4k
- Investments
- $737.3k
- Employees
- 0
- Location
- Narragansett, RI
- Founding
- 03/1949
- Data as of
- 12/2023
- EIN
- 13-6137869
Organization Overview
Max & Morton M Rosenfeld Foundation Inc is located in Narragansett, RI. The organization was established in 1949. 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. Max & Morton M Rosenfeld Foundation Inc 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, Max & Morton M Rosenfeld Foundation Inc generated $91.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $143.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Max & Morton M Rosenfeld Foundation Inc has awarded 26 individual grants totaling $511,000. 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 |
|---|---|---|---|
Michael Rosenfeld Director | 0 | $0 | |
Naomi Rosenfeld Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $550 |
| Interest on Savings | $25 |
| Dividends & Interest | $22,095 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,554 |
| Capital Gain Net Income | $3,554 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $65,135 |
| Total Revenue | $91,359 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,345 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,575 |
| Total operating and administrative expenses | $7,470 |
| Contributions, gifts, grants paid | $136,000 |
| Total expenses and disbursements | $143,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,906 |
| 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 | $737,271 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $754,177 |
| 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, Max & Morton M Rosenfeld Foundation Inc has awarded $136,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL RESCUE COMITTEE PURPOSE: UKRAINE AND GAZA AID | $15,000 |
UMASS MEDICAL CENTER PURPOSE: DR ROBERT BROWN LAB | $40,000 |
WORLD FOOD KITCHEN PURPOSE: ULRAINE AND GAZA AID | $15,000 |
UMBRELLA ARTS CENTER PURPOSE: GENERAL PURPOSES | $50,000 |
BLOCK ISLAND HEALTH SERVICES PURPOSE: GENERAL PURPOSES | $2,500 |
PARTNERS IN HEALTH PURPOSE: GENERAL PURPOSES | $8,500 |