Mmd Foundation Inc
- Assets
- $878.4k
- Revenue
- $146.2k
- Investments
- $810.6k
- Employees
- 0
- Location
- West Orange, NJ
- Founding
- 03/1976
- Data as of
- 12/2023
- EIN
- 22-2111419
Organization Overview
Mmd Foundation Inc is located in West Orange, NJ. The organization was established in 1976. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mmd 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, Mmd Foundation Inc generated $146.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $56.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mmd Foundation Inc has awarded 104 individual grants totaling $1,317,500. 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 |
|---|---|---|---|
Kim Islami President | 1 | $0 | |
Anthony Pantamo Treasurer | 1 | $0 | |
Paulo Guerreiro Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,580 |
| Dividends & Interest | $10,111 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $124,471 |
| Capital Gain Net Income | $124,471 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $146,162 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,199 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61 |
| Total operating and administrative expenses | $11,835 |
| Contributions, gifts, grants paid | $44,500 |
| Total expenses and disbursements | $56,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,931 |
| 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 | $241,209 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $800 |
| Total assets | $878,374 |
| 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, Mmd Foundation Inc has awarded $44,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE KEFALAS-PINTO FOUNDATION PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATIONS CHARITABLE PURPOSE | $1,000 |
UNIVERSITY OF SOUTH CAROLINA PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATIONS CHARITABLE PURPOSE | $17,000 |
MANHATTAN COLLEGE PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATIONS CHARITABLE PURPOSE | $10,000 |
SETON HALL PREP PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATIONS CHARITABLE PURPOSE | $6,500 |
ITHACA COLLEGE PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATIONS CHARITABLE PURPOSE | $10,000 |