Meisel & Pesses Family Foundation
- Assets
- $17.9m
- Revenue
- $168.0k
- Investments
- $2.0m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 03/1998
- Data as of
- 06/2021
- EIN
- 31-1583883
Organization Overview
Meisel & Pesses Family Foundation is located in Cleveland, OH. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public 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. Meisel & Pesses Family 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 06/2021, Meisel & Pesses Family Foundation generated $168.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $450.9k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Meisel & Pesses Family Foundation has awarded 36 individual grants totaling $1,831,209. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FURTHER THE CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND ("FEDERATION")
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO 501(C)(3) ORGANIZATIONS MADE TO SUPPORT THE CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND ("FEDERATION")
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Reis Treasurer Thru 6/27/2022 | Officer | 0.2 | $0 |
Kari Blumenthal Asst Treasurer | Officer | 0.2 | $0 |
Ann Garson Assistant Secretary | Officer | 0.2 | $0 |
Matthew Kaliff Secretary | Officer | 0.2 | $0 |
Mozelle Jackson Treasurer As Of 6/27/2022 | Officer | 0.2 | $0 |
Kim M Pesses President/trustee | OfficerTrustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $81,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $86,771 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $167,986 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $450,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $8,838,997 |
| Investments—other securities | $1,995,769 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,043,340 |
| Total assets | $17,878,106 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $502,100 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $502,100 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $17,376,006 |
Grants Awarded
Over the last fiscal year, Meisel & Pesses Family Foundation has awarded $826,300 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BEREA COLLEGE PURPOSE: MEISEL SCHOLARSHIPS | $15,000 |
JEWISH FEDERATION OF CLEVELAND PURPOSE: JEWISH POPULATION STUDY, COMMUNITY SECURITY INITIATIVE, UKRAINE EMERGENCY RELIEF FUND | $60,000 |
UNITED WAY OF GREATER CLEVELAND PURPOSE: CAMPAIGN | $31,000 |
CUYAHOGA COMMUNITY COLLEGE FOUNDATION PURPOSE: TRI-C ON THE JOB COACHING PILOT | $15,000 |
CLEVELAND CHESED CENTER PURPOSE: GENERAL SUPPORT | $7,500 |
CLEVELAND INSTITUTE OF ART PURPOSE: MEISEL SCHOLARSHIPS | $36,000 |