Mars Foundation
- Assets
- $2.7m
- Revenue
- $587.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Monsey, NY
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 31-1743263
Organization Overview
Mars Foundation is located in Monsey, NY. The organization was established in 2001. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Mars 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 12/2022, Mars Foundation generated $587.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $872.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mars Foundation has awarded 257 individual grants totaling $6,635,812. 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 |
|---|---|---|---|
Aryeh Goldstein President | 0 | $0 | |
Sarah Goldstein Trustee | 0 | $0 | |
Yisroel Goldstein Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $570,000 |
| Interest on Savings | $8,141 |
| Dividends & Interest | $0 |
| 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 | $8,958 |
| Total Revenue | $587,099 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,147 |
| Total operating and administrative expenses | $5,127 |
| Contributions, gifts, grants paid | $867,298 |
| Total expenses and disbursements | $872,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,524 |
| Savings and temporary cash investments | $1,720,483 |
| 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 | $114,000 |
| 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 | $680,455 |
| Total assets | $2,693,462 |
| 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, Mars Foundation has awarded $867,298 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS CHARITABLE ORGANIZATIONS PURPOSE: CHARITABLE | $584,298 |
TAT OF MIR PURPOSE: CHARITABLE | $20,000 |
MESIVTA MAAMAR MORDECHAI PURPOSE: CHARITABLE | $10,000 |
CONG MOSDOS TOLDOS AHARON PURPOSE: CHARITABLE | $50,000 |
BINYAN YERUSHLAIM PURPOSE: CHARITABLE | $10,000 |
CENTER FOR INITIATIVES IN JEWISH ED PURPOSE: CHARITABLE | $15,000 |