Isabel & David Mahalick Foundation Inc
- Assets
- $725.4k
- Revenue
- $44.0k
- Investments
- $480.2k
- Employees
- 0
- Location
- Ridgewood, NJ
- Founding
- 07/1999
- Data as of
- 06/2023
- EIN
- 22-3622986
Organization Overview
Isabel & David Mahalick Foundation Inc is located in Ridgewood, NJ. The organization was established in 1999. 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. Isabel & David Mahalick 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 06/2023, Isabel & David Mahalick Foundation Inc generated $44.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $71.7k during the year ending 06/2023. While expenses have increased by 1.0% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Isabel & David Mahalick Foundation Inc has awarded 92 individual grants totaling $168,450. 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 |
|---|---|---|---|
David Mahalick Pres/director | 1 | $0 | |
Isabel Mahalick Vp/director | 1 | $0 | |
Lonnie Wollin Secy | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,681 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,368 |
| Capital Gain Net Income | $20,368 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,049 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,279 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $400 |
| Total operating and administrative expenses | $17,749 |
| Contributions, gifts, grants paid | $54,000 |
| Total expenses and disbursements | $71,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,837 |
| Savings and temporary cash investments | $215,310 |
| 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 | $725,377 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $5,867 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,867 |
Grants Awarded
Over the last fiscal year, Isabel & David Mahalick Foundation Inc has awarded $54,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: CHARITABLE | $2,000 |
BERNARDSVILLE FIRE COMPANY PURPOSE: CHARITABLE | $500 |
BREAST CANCER RESEARCH FDN PURPOSE: CHARITABLE | $3,000 |
CALIFON FIRE COMPANY PURPOSE: CHARITABLE | $500 |
CHESAPEAKE CHAMBER MUSIC PURPOSE: CHARITABLE | $1,000 |
COMMUNITY FOOD BANK OF NJ PURPOSE: CHARITABLE | $8,900 |