Beverly K & Jerome M Fine Foundation Inc
- Assets
- $6.2m
- Revenue
- $817.9k
- Investments
- $6.0m
- Employees
- 0
- Location
- Towson, MD
- Founding
- 09/2010
- Data as of
- 06/2024
- EIN
- 35-2383776
Organization Overview
Beverly K & Jerome M Fine Foundation Inc is located in Towson, MD. The organization was established in 2010. 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. Beverly K & Jerome M Fine 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 06/2024, Beverly K & Jerome M Fine Foundation Inc generated $817.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $658.2k during the year ending 06/2024. While expenses have increased by 4.8% per year over the past 5 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 2022, Beverly K & Jerome M Fine Foundation Inc has awarded 20 individual grants totaling $2,490,000. 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 |
|---|---|---|---|
Louis F Friedman Pres./treas. | 3 | $0 | |
Phyllis C Friedman Vp/secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16,531 |
| Dividends & Interest | $154,927 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $646,466 |
| Capital Gain Net Income | $646,466 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $817,924 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,775 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $98,188 |
| Contributions, gifts, grants paid | $560,000 |
| Total expenses and disbursements | $658,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $290,420 |
| 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 | $6,249,884 |
| 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, Beverly K & Jerome M Fine Foundation Inc has awarded $1,560,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF HARFORD COUNTY PURPOSE: KIDS TO CAMP CAMPAIGN | $20,000 |
KENNEDY KRIEGER FOUNDATION PURPOSE: OSTEOGENESIS IMPERFECTA RESEARCH | $50,000 |
STEVENSON UNIVERSITY PURPOSE: PERFORMING ARTS CENTER | $100,000 |
SINAI HOSPITAL OF BALTIMORE PURPOSE: SURGICAL SIMULATION ROOM | $50,000 |
SINAI HOSPITAL OF BALTIMORE PURPOSE: RESEARCH PROJECTS | $50,000 |
INNER COUNTY OUTREACH PURPOSE: PROJECT PARADISE | $20,000 |