Sam & Sara Mermelstein Family Foundation
- Assets
- $1.0m
- Revenue
- $61.6k
- Investments
- $967.7k
- Employees
- 0
- Location
- Niles, IL
- Founding
- 09/2004
- Data as of
- 12/2023
- EIN
- 20-0846315
Organization Overview
Sam & Sara Mermelstein Family Foundation is located in Niles, IL. The organization was established in 2004. 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. Sam & Sara Mermelstein 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 12/2023, Sam & Sara Mermelstein Family Foundation generated $61.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $102.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sam & Sara Mermelstein Family Foundation has awarded 182 individual grants totaling $842,805. 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 |
|---|---|---|---|
Allan Isenberg Director | 0 | $0 | |
Yisroel Rich Director | 0 | $0 | |
Shoshana Rich Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29,226 |
| Dividends & Interest | $32,900 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$557 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $61,569 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,200 |
| Contributions, gifts, grants paid | $101,670 |
| Total expenses and disbursements | $102,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,167 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,000,890 |
| 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, Sam & Sara Mermelstein Family Foundation has awarded $101,670 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CONG MEADOWBROOK PURPOSE: RELIGIOUS | $8,000 |
CONG OHEV TZEDEK PURPOSE: EDUCATIONAL | $2,000 |
AMERICAN FRIENDS OF SHAALEI TORAH PURPOSE: EDUCATIONAL | $41,000 |
BMBA PURPOSE: EDUCATIONAL | $10,500 |
AMERICAN FRIENDS OF DARCHEI NOAM PURPOSE: EDUCATIONAL | $4,800 |
CONG ZICHRON AVOS PURPOSE: HOUSE OF WORSHIPHOUSE OF WORSHIP | $2,000 |