Glassman Family Foundation
- Assets
- $288.2k
- Revenue
- $17.7k
- Investments
- $280.0k
- Employees
- 0
- Location
- White Bear Lake, MN
- Founding
- 02/1998
- Data as of
- 01/2024
- EIN
- 41-1876705
Organization Overview
Glassman Family Foundation is located in White Bear Lake, MN. The organization was established in 1998. 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. Glassman 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 01/2024, Glassman Family Foundation generated $17.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.7% each year . All expenses for the organization totaled $10.4k during the year ending 01/2024. While expenses have increased by 22.3% per year over the past 4 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,575 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,170 |
| Capital Gain Net Income | $10,170 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,745 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $321 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,386 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $10,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,256 |
| 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 | $279,972 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $288,228 |
| 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, Glassman Family Foundation has awarded $23,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHEAST METRO 916 INTERMEDIATE SCHOOL DISTRICT PURPOSE: DOC DIESEL ENGINE CLASS | $3,000 |
VADNAIS HEIGHTS LIONS CLUB FOUNDATION PURPOSE: GENERAL FUND | $500 |
RAMSEY COUNTY SHERIFF'S FOUNDATION PURPOSE: K9 UNIT | $10,000 |
OUR LADY OF JOY ROMAN CATHOLIC CHURCH PURPOSE: GENERAL FUND | $10,000 |