Friends Of David Mian Foundation Inc
- Assets
- $307.4k
- Revenue
- $52.4k
- Investments
- $300.0k
- Employees
- 0
- Location
- Ocean, NJ
- Founding
- 06/1988
- Data as of
- 07/2023
- EIN
- 22-2862580
Organization Overview
Friends Of David Mian Foundation Inc is located in Ocean, 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 07/2023, Friends Of David Mian Foundation Inc generated $52.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $138.0k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 8 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 65 individual grants totaling $402,400. 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 | $7,173 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,192 |
| Capital Gain Net Income | $45,192 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,365 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $9 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31 |
| Total operating and administrative expenses | $106,040 |
| Contributions, gifts, grants paid | $32,000 |
| Total expenses and disbursements | $138,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,490 |
| 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 | $299,959 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $307,449 |
| 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, Friends Of David Mian Foundation Inc has awarded $32,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MONMOUTH COUNTY SPCA PURPOSE: CHARITABLE DONATION | $4,000 |
SOI DOG FOUNDATION USA PURPOSE: CHARITABLE DONATION | -$4,000 |
ST JUDE CHILDRENS RESEARCH HOSPITAL PURPOSE: CHARITABLE DONATION | $4,000 |
HUMANE SOCIETY OF UNITED STATES PURPOSE: CHARITABLE DONATION | $4,000 |
NO DOGS LEFT BEHIND PURPOSE: CHARITABLE DONATION | $4,000 |
AMERICAN RED CROSS OF CENTRAL FLORIDA PURPOSE: CHARITABLE DONATION | $4,000 |