Matan Family Foundation Inc
- Assets
- $4.8m
- Revenue
- $1.9m
- Investments
- $2.1m
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 02/2013
- Data as of
- 12/2022
- EIN
- 27-5370859
Organization Overview
Matan Family Foundation Inc is located in Frederick, MD. The organization was established in 2013. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Matan Family 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 12/2022, Matan Family Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $282.3k during the year ending 12/2022. While expenses have increased by 21.1% per year over the past 6 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 2017, Matan Family Foundation Inc has awarded 61 individual grants totaling $2,232,454. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - DONATED TO SCHOOLS AND RELATED ORGANIZATIONS TO ALLOW THEM TO CONTINUE THE EDUCATION OF THEIR STUDENTS.
COMMUNITY OUTREACH - TO ASSIST LOCAL AND GLOBAL CHARITIES TO CONTINUE PROVIDING SERVICES TO INDIVIDUALS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark C Matan President, Joined 02/2011 | 5 | $0 | |
Suzanne Matan Vice President, Joined 02/2011 | 5 | $0 | |
Therese Matan Secretary, Joined 02/2011 | 5 | $0 | |
Joseph P Matan Vice President, Joined 02/2011 | 5 | $0 | |
A Scott Cowperthwaite Treasurer, Joined 02/2011 | 5 | $0 | |
Michelle Matan Dombo Director, Joined 02/2011 | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,518,036 |
| Interest on Savings | $170 |
| Dividends & Interest | $66,111 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $342,857 |
| Capital Gain Net Income | $342,857 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,927,174 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,642 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,156 |
| Total operating and administrative expenses | $57,608 |
| Contributions, gifts, grants paid | $224,700 |
| Total expenses and disbursements | $282,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,681,660 |
| Savings and temporary cash investments | $0 |
| 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 | $19,240 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,131,495 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,832,395 |
| 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, Matan Family Foundation Inc has awarded $224,700 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
HANDMAIDS OF THE SACRED HEART OF JESUS PURPOSE: TO BRING HEALING TO PEOPLES HEARTS AND PEACE TO THEIR RELATIONSHIPS WITH GOD, WITH ONE ANOTHER, AND WITH CREATION. | $50,000 |
OUR LADY OF GOOD COUNSEL HIGH SCHOOL PURPOSE: PROVIDES YOUNG MEN AND WOMEN THE OPPORTUNITY TO REACH BEYOND THE MERELY "GOOD AND TO SUCCEED BEYOND THEIR PERCEIVED LIMITS | $3,400 |
GONZAGA COLLEGE HIGH SCHOOL PURPOSE: STRIVES TO CREATE A DYNAMIC AND CARING LEARNING ENVIRONMENT WHICH IT UNITES WITH ITS ACADEMIC, EXTRA-CURRICULAR, AND ATHLETIC PROGRAMS TO HELP FORM MEN WITH AND FOR OTHERS, THAT IS, GRADUATES WHO ARE OPEN TO GROWTH, INTELLECTUALLY COMPETENT, RELIGIOUS, LOVING, AND COMMITTED TO DOING JUSTICE. | $84,000 |
STONE RIDGE SCHOOL OF THE SACRED HEART PURPOSE: INSPIRES YOUNG WOMEN TO LEAD AND SERVE, THROUGH LIVES OF PURPOSE THAT INTEGRATE FAITH, INTELLECT, COMMUNITY, SOCIAL ACTION, AND PERSONAL GROWTH IN AN ATMOSPHERE OF WISE FREEDOM. | $11,400 |
CONNELLY SCHOOL OF THE HOLY CHILD PURPOSE: EMPHASIZES ACADEMIC CHALLENGE, JOY OF LEARNING AND EDUCATION OF WELL-ROUNDED WOMEN OF FAITH AND ACTION. | $25,000 |
ST JANE DE CHANTAL SCHOOL PURPOSE: A CHRISTCENTERED EDUCATIONAL COMMUNITY COMMITTED TO MEETING THE INDIVIDUAL NEEDS OF STUDENTS THROUGH A FLEXIBLE AND INNOVATIVE CURRICULUM. | $10,000 |