Masinter Family Foundation
- Assets
- $333.1k
- Revenue
- $167.9k
- Investments
- $311.0k
- Employees
- 0
- Location
- White Plains, NY
- Founding
- 03/1999
- Data as of
- 12/2021
- EIN
- 13-7133021
Organization Overview
Masinter Family Foundation is located in White Plains, NY. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Masinter 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 12/2021, Masinter Family Foundation generated $167.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $178.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Masinter Family Foundation has awarded 30 individual grants totaling $395,905. 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 |
|---|---|---|---|
Edgar M Masinter Trustee | 0 | $0 | |
Margery F Masinter Trustee | 0 | $0 | |
Catherine M Hildenbrand Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $70,443 |
| Interest on Savings | $1 |
| Dividends & Interest | $4,868 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $92,633 |
| Capital Gain Net Income | $133,436 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2 |
| Total Revenue | $167,947 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,350 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,748 |
| Total operating and administrative expenses | $10,598 |
| Contributions, gifts, grants paid | $167,500 |
| Total expenses and disbursements | $178,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,032 |
| Savings and temporary cash investments | $15,134 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $333,124 |
| 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, Masinter Family Foundation has awarded $167,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SMITHSONIAN INSTITUTE PURPOSE: CHARITABLE PURPOSE | $122,500 |
PRINCETON UNIVERSITY PURPOSE: CHARITABLE PURPOSE | $20,000 |
Moose, WY PURPOSE: CHARITABLE PURPOSE | $10,000 |
MERCERSBURG ACADEMY PURPOSE: CHARITABLE PURPOSE | $10,000 |
New London, CT PURPOSE: CHARITABLE PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Peoples United Community Foundation Bridgeport, CT | $0 | $2,660,856 |
Goldman Sachs Foundation New York, NY | $0 | $131,861,636 |
Commonwealth Fund New York, NY | $0 | $69,444,117 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
Clark Foundation New York, NY | $443,485,871 | $14,281,811 |
John A Hartford Foundation New York, NY | $722,012,839 | $47,164,108 |
Blackstone Charitable Foundation New York, NY | $141,651,293 | $22,568,243 |
Oneworld Boston Inc Woburn, MA | $219,473,176 | $23,349,707 |
Deloitte Foundation Stamford, CT | $61,773,232 | $17,876,963 |
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |