M66 Foundation Inc
- Assets
- $2.4m
- Revenue
- $272.7k
- Investments
- $2.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2011
- Data as of
- 12/2021
- EIN
- 27-4378922
Organization Overview
M66 Foundation Inc is located in New York, NY. The organization was established in 2011. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., 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. M66 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 12/2021, M66 Foundation Inc generated $272.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $562.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, M66 Foundation Inc has awarded 83 individual grants totaling $2,568,264. 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 |
|---|---|---|---|
Jonathan Korngold Director | 5 | $0 | |
Kristen Korngold Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $644 |
| Dividends & Interest | $48,311 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $223,788 |
| Capital Gain Net Income | $223,788 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $272,743 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,654 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,665 |
| Total operating and administrative expenses | $9,319 |
| Contributions, gifts, grants paid | $553,300 |
| Total expenses and disbursements | $562,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $97,259 |
| 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 | $38,950 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,428,424 |
| 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, M66 Foundation Inc has awarded $553,300 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD COLLEGE PURPOSE: GENERAL | $300,000 |
SOUTH BURLINGTON SCHOOL DISTRICT PURPOSE: GENERAL | $100,000 |
New York, NY PURPOSE: GENERAL | $85,400 |
PANORAMA GLOBAL PURPOSE: GENERAL | $15,000 |
CHALLENGED ATHLETES FOUNDATION PURPOSE: GENERAL | $10,000 |
CITY HARVEST PURPOSE: GENERAL | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bread & Roses Community Fund Philadelphia, PA | $8,957,531 | $3,374,785 |
Imamia Medics International Inc Princeton, NJ | $2,935,135 | $3,395,301 |
Center For Discovery Magnet Services Corporation Harris, NY | $189,155 | $1,104,606 |
Confluence Philanthropy Inc New York, NY | $2,455,655 | $2,622,242 |
Edward And Mary Lord Foundation North Franklin, CT | $19,072,145 | $1,295,529 |
Fk Charitable Foundation Highland Mills, NY | $389,031 | $0 |
Jewish Community Properties Inc Cherry Hill, NJ | $10,959,629 | $182,673 |
Ugc Foundation Inc New Rochelle, NY | $4,768,783 | $576,034 |
M66 Foundation Inc New York, NY | $2,428,424 | $272,743 |
F Y Eye Inc New York, NY | $2,448,782 | $513,615 |
Soldier On Development & Management Company Inc Pittsfield, MA | $435,591 | $411,238 |
Backpacks For Life Inc Jersey City, NJ | $420,764 | $332,260 |