Mussafer Fam Foundation
- Assets
- $59.9m
- Revenue
- $40.5m
- Investments
- $54.4m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 38-7216877
Organization Overview
Mussafer Fam Foundation is located in Boston, MA. The organization was established in 2019. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Mussafer Fam 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 12/2021, Mussafer Fam Foundation generated $40.5m in total revenue. All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 55.1% per year over the past 3 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 2020, Mussafer Fam Foundation has awarded 52 individual grants totaling $3,101,000. 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 |
|---|---|---|---|
David M Mussafer Trustee | 4 | $0 | |
Marion M Mussafer Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,057,680 |
| Interest on Savings | $23,575 |
| Dividends & Interest | $715,911 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,716,198 |
| Capital Gain Net Income | $14,716,198 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,513 |
| Total Revenue | $40,514,877 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $37,089 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $223,793 |
| Total operating and administrative expenses | $273,326 |
| Contributions, gifts, grants paid | $2,193,000 |
| Total expenses and disbursements | $2,466,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,465,862 |
| 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 | $2,680,873 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $59,912,129 |
| 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, Mussafer Fam Foundation has awarded $2,193,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
TULANE UNIVERSITY PURPOSE: OPERATIONS | $1,000,000 |
CITY YEAR - 25TH ANNIVERSARY PURPOSE: OPERATIONS | $500,000 |
YEAR UP PURPOSE: OPERATIONS | $100,000 |
TULANE - DISCRETIONARY PURPOSE: OPERATIONS | $100,000 |
DUKE UNIVERSITY - ANNUAL FUND PURPOSE: OPERATIONS | $100,000 |
COREY C GRIFFIN FOUNDATION PURPOSE: OPERATIONS | $80,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Garnet Health Urgent Care P C Middletown, NY | $2,667,409 | $6,635,976 |
Dentaquest Care Group Inc Boston, MA | $2,518,678 | $0 |
American Friends Of Sfath Emeth Yeshiva Brooklyn, NY | $187,158 | $4,689,874 |
Knights Of Columbus Charities Usa Inc New Haven, CT | $92,663,013 | $7,484,954 |
Cfleads Accord, MA | $11,022,103 | $9,422,261 |
The American University Of Greece Foundation Boston, MA | $302,640,728 | $21,990,512 |
Endeavor Catalyst Inc New York, NY | $43,515,212 | $32,419,265 |
Kipp Lynn Fund Inc Lynn, MA | $79,635,466 | $3,076,776 |
Mghpcc Holyoke Inc Holyoke, MA | $56,507,335 | $145,504 |
Mussafer Fam Foundation Boston, MA | $59,912,129 | $40,514,877 |
Jewish Community Foundation Of Dewitt, NY | $22,716,338 | $3,241,030 |
The Schenectady Foundation Schenectady, NY | $55,199,163 | $5,442,270 |