Mandelbaum Family Foundation
- Assets
- $49.6k
- Revenue
- $5.2k
- Investments
- $38.6k
- Employees
- 0
- Location
- Oak Park, MI
- Founding
- 03/1999
- Data as of
- 12/2023
- EIN
- 38-3451413
Organization Overview
Mandelbaum Family Foundation is located in Oak Park, MI. The organization was established in 1999. 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. Mandelbaum 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 12/2023, Mandelbaum Family Foundation generated $5.2k 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 (22.0%) each year. All expenses for the organization totaled $3.9k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ONLY CHARITABLE ACTIVITY THE FOUNDATION ENGAGED IN DURING THE CALENDAR YEAR WAS DIRECT DONATIONS TO FIVE CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheldon P Mandelbaum President | 1 | $0 | |
Mina D Mandelbaum Secretary | 1 | $0 | |
Michael A Mandelbaum Director | 0 | $0 | |
Andrew J Mandelbaum Director | 0 | $0 | |
David S Mandelbaum Director | 0 | $0 | |
Esther L Kaplan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000 |
| Interest on Savings | $1,132 |
| Dividends & Interest | $54 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $2,086 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,186 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40 |
| Total operating and administrative expenses | $820 |
| Contributions, gifts, grants paid | $3,110 |
| Total expenses and disbursements | $3,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,965 |
| 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 | $49,606 |
| 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, Mandelbaum Family Foundation has awarded $3,110 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BONEI OLAM-DETROIT PURPOSE: GENERAL FUND | $180 |
PITTSBURGH KOLLEL BETH YITZHOR PURPOSE: GENERAL FUND | $180 |
YESHIVA GEDOLAH KESSER TORAH PURPOSE: GENERAL FUND | $750 |
HATZALAH OF MICHIGAN PURPOSE: GENERAL FUND | $1,000 |
HILLEL ACADEMY OF PITTSBURGH PURPOSE: GENERAL FUND | $1,000 |