Friends Of David Mian Foundation Inc
- Assets
- $0.0
- Revenue
- $112.8k
- Investments
- $444.6k
- Employees
- 0
- Location
- Fair Haven, NJ
- Founding
- 06/1988
- Data as of
- 07/2021
- EIN
- 22-2862580
Organization Overview
Friends Of David Mian Foundation Inc is located in Fair Haven, NJ. The organization was established in 1988. 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. Friends Of David Mian 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 07/2021, Friends Of David Mian Foundation Inc generated $112.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $147.5k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Friends Of David Mian Foundation Inc has awarded 45 individual grants totaling $330,400. 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 |
|---|---|---|---|
Riaz A Mian Trustee/mgr | 5 | $50,000 | |
Cyrene Chiarella Trustee/mgr | 5 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,791 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $112,796 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $107,511 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $147,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $444,595 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Friends Of David Mian Foundation Inc has awarded $40,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Atlantic City, NJ PURPOSE: CHARITABLE DONATION | $4,000 |
RED BANK CATHOLIC PURPOSE: CHARITABLE DONATION | $4,000 |
Washington, DC PURPOSE: CHARITABLE DONATION | $4,000 |
Sarasota, FL PURPOSE: CHARITABLE DONATION | $4,000 |
AMERICAN RED CROSS OF CENTRAL FLORIDA PURPOSE: CHARITABLE DONATION | $4,000 |
MONMOUTH COUNTY SPCA PURPOSE: CHARITABLE DONATION | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |