Michael Harasimik Education Foundation
- Assets
- $1.2m
- Revenue
- $32.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 09/1985
- Data as of
- 12/2022
- EIN
- 22-6362831
Organization Overview
Michael Harasimik Education Foundation is located in Las Vegas, NV. The organization was established in 1985. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael Harasimik Education 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 12/2022, Michael Harasimik Education Foundation generated $32.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $100.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Michael Harasimik Education Foundation has awarded 38 individual grants totaling $181,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $43,375 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$10,988 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,387 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,985 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,482 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18 |
| Total operating and administrative expenses | $24,646 |
| Contributions, gifts, grants paid | $76,000 |
| Total expenses and disbursements | $100,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,476 |
| 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 | $803,426 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,174,398 |
| 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, Michael Harasimik Education Foundation has awarded $76,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
RUTGERS THE STATE UNIVERSITY OF NJ PURPOSE: SCHOLARSHIP | $6,750 |
CAMPBELL UNIVERSITY FBO ANASTASIA BILYK PURPOSE: SCHOLARSHIP | $2,500 |
UNIVERSITY OF CINCINNATI FBO ADAM M GODFREY PURPOSE: SCHOLARSHIP | $6,750 |
RUTGERS UNIVERSITY FBO MYKOLA KUNDEREVYCH PURPOSE: SCHOLARSHIP | $2,500 |
THE COLLEGE OF NEW JERSEY-YCNJ PURPOSE: SCHOLARSHIP | $2,500 |
KEAN UNIVERSITY FBO PETER BARDYS PURPOSE: SCHOLARSHIP | $2,500 |