Diane M Salmanson Memorial Foundation Inc
- Assets
- $456.0k
- Revenue
- $38.6k
- Investments
- $451.6k
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 11/2011
- Data as of
- 06/2023
- EIN
- 45-2721832
Organization Overview
Diane M Salmanson Memorial Foundation Inc is located in Miami Beach, FL. The organization was established in 2011. 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. Diane M Salmanson Memorial 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 06/2023, Diane M Salmanson Memorial Foundation Inc generated $38.6k 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 (29.0%) each year. All expenses for the organization totaled $108.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Diane M Salmanson Memorial Foundation Inc has awarded 27 individual grants totaling $471,054. 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 E Salmanson Director | 1 | $0 | |
Lauren Salmanson Levin Director | 1 | $0 | |
Jay Rosenstein Treasurer | 0.1 | $0 | |
Robert Schloss Secretary | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,113 |
| Interest on Savings | $53 |
| Dividends & Interest | $15,903 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,531 |
| Capital Gain Net Income | $21,531 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,600 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,113 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,084 |
| Total operating and administrative expenses | $4,197 |
| Contributions, gifts, grants paid | $104,175 |
| Total expenses and disbursements | $108,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,402 |
| Savings and temporary cash investments | $0 |
| 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 | $455,962 |
| 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, Diane M Salmanson Memorial Foundation Inc has awarded $104,175 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LCDS PURPOSE: GENERAL | $30,000 |
LUSTGARTEN FOUNDATION PURPOSE: GENERAL | $50,000 |
GREATER MIAMI JEWISH FEDERATION PURPOSE: GENERAL | $5,000 |
TEMPLE BETH SHALOM PURPOSE: GENERAL | $4,175 |
MOUNT SINAI MEDICAL CENTER PURPOSE: GENERAL | $15,000 |