Manuel D And Rhoda Mayerson Foundation
- Assets
- $14.6m
- Revenue
- $6.6m
- Investments
- $5.1m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 04/1992
- Data as of
- 10/2021
- EIN
- 31-1310431
Organization Overview
Manuel D And Rhoda Mayerson Foundation is located in Cincinnati, OH. The organization was established in 1992. 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. Manuel D And Rhoda Mayerson 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 10/2021, Manuel D And Rhoda Mayerson Foundation generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 52.8% each year . All expenses for the organization totaled $2.0m during the year ending 10/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAYERSON ARTISTIC EXCELLENCE PROGRAM: BEGINNING IN 2009, THE MAYERSON ARTISTIC EXCELLENCE PROGRAM PRESENTS MASTER CLASSES, WORKSHOPS, AND CLINICS BY SOME OF THE WORLD'S GREATEST ARTISTS, MUSICIANS, DANCERS AND WRITERS ACROSS THE SEVEN ARTS DISCIPLINES AT SCPA. IN ADDITION, THE ARTISTIC EXCELLENCE PROGRAM SUPPORTS SCHOOL YEAR-LONG INSTRUCTION FOR SCPA STUDENTS BY THE RESIDENT ARTISTS OF CINCINNATI'S WORLD-CLASS ARTS ORGANIZATIONS INCLUDING THE CINCINNATI SYMPHONY ORCHESTRA, CINCINNATI BALLET, CINCINNATI OPERA, AND THE CONTEMPORARY ARTS ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neal H Mayerson Pres/directo | 10 | $0 | |
Fred Mayerson Director | 0.5 | $0 | |
Arlene B Mayerson Director | 0.5 | $0 | |
Donna Mayerson Sec'y/direct | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $278,173 |
| Net Rental Income | $20,837 |
| Net Gain on Sale of Assets | $522,863 |
| Capital Gain Net Income | $522,863 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,731,751 |
| Total Revenue | $6,620,463 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $77,139 |
| Pension plans, employee benefits | $18,795 |
| Interest | $175,177 |
| Taxes | $8,643 |
| Depreciation | $0 |
| Occupancy | $20,845 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $93,265 |
| Total operating and administrative expenses | $531,248 |
| Contributions, gifts, grants paid | $1,454,564 |
| Total expenses and disbursements | $1,985,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,705 |
| Savings and temporary cash investments | $7,974,344 |
| 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 | $52 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $318,730 |
| Investments—mortgage loans | $0 |
| Investments—other | $711,426 |
| Net Land, buildings, and equipment | $10,000 |
| Other assets | $835,192 |
| Total assets | $14,607,571 |
| 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 | $1,362,000 |
| Other liabilities | $2,033 |
| Total liabilities | $1,364,033 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |