Paul And Carol Horvitz Foundation
- Assets
- $97.0k
- Revenue
- $1.1k
- Investments
- $25.7k
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 08/1999
- Data as of
- 05/2024
- EIN
- 31-1660848
Organization Overview
Paul And Carol Horvitz Foundation is located in Bethesda, MD. The organization was established in 1999. 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. Paul And Carol Horvitz 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 05/2024, Paul And Carol Horvitz Foundation generated $1.1k 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 (69.0%) each year. All expenses for the organization totaled $17.7k during the year ending 05/2024. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS NO DIRECT CHARITABLE ACTIVITIES. IT ONLY DISBURSES CHARITABLE FUNDS TO OTHER TAX-EXEMPT ORGANIZATIONS SEE ANSWER TO PART XV, QUESTION 2
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Horvitz President | 2 | $0 | |
Carol Horvitz Secretary | 1 | $0 | |
Marcia Cohen Treasurer | 1 | $0 | |
Steven Horvitz Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,053 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,053 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $796 |
| Contributions, gifts, grants paid | $16,870 |
| Total expenses and disbursements | $17,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,744 |
| Savings and temporary cash investments | $1,549 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $97,038 |
| 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, Paul And Carol Horvitz Foundation has awarded $16,870 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION OR SHALOM PURPOSE: TO SUPPORT ORGANIZATION AND ITS FACILITIES IN SERVING THE PUBLIC WITH YEAR-AROUND RELIGIOUS PROGRAMS AND ACTIVITIES AND SPECIAL EVENTS | $3,000 |
JEWISH FEDERATION OF GREATER HOUSTON PURPOSE: TO ASSIST ORGANIZATION WITH ITS MISSION TO PRESERVE AND ENRICH JEWISH COMMUNAL LIFE THROUGH INNOVATIVE AND VISIONARY LEADERSHIP THAT IS RESPONSIVE TO JEWISH COMMUNITIES | $11,000 |
ART LEAGUE OF OCEAN CITY PURPOSE: TO SUPPORT ORGANIZATION THAT PROVIDES GALLERY SPACE TO HIGHLIGHT WORK OF LOCAL ARTISTS | $100 |
OCEAN CITY PARAMEDIC FOUNDATION PURPOSE: TO ASSIST ORGANIZATION WITH THE OPERATION OF A VOLUNTEER FIRE DEPARTMENT PARAMEDIC DIVISION | $50 |
LYMPHOMA RESEARCH FOUNDATION PURPOSE: TO ASSIST ORGANIZATION THROUGH FUNDING LYMPHOMA RESEARCH AND SERVING THOSE IMPACTED BY THIS DISEASE | $200 |
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: TO SUPPORT THIS LEADING NON-PROFIT RESESEACH UNIVERSITY | $100 |