Israel & Mollie Myers Foundation
- Assets
- $6.4m
- Revenue
- $337.2k
- Investments
- $5.4m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 12/1983
- Data as of
- 12/2021
- EIN
- 52-1314430
Organization Overview
Israel & Mollie Myers Foundation is located in Baltimore, MD. The organization was established in 1983. 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. Israel & Mollie Myers 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, Israel & Mollie Myers Foundation generated $337.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $243.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Israel & Mollie Myers Foundation has awarded 400 individual grants totaling $4,037,430. 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 |
|---|---|---|---|
Jeffrey Myers Director | 1 | $25,000 | |
Jeffrey Aberbanel Director | 1 | $0 | |
Jonathan P Myers President | 10 | $0 | |
Herschel L Langenthal Vice President | 10 | $0 | |
David Goldner Treasurer | 1 | $0 | |
Judith Langenthal President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $66,325 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $280,291 |
| Capital Gain Net Income | $280,291 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$9,466 |
| Total Revenue | $337,150 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $32,304 |
| Pension plans, employee benefits | $1,878 |
| Interest | $8,801 |
| Taxes | $11,608 |
| Depreciation | $177 |
| Occupancy | $2,214 |
| Travel, conferences, and meetings | $1,365 |
| Printing and publications | $0 |
| Other expenses | $85,277 |
| Total operating and administrative expenses | $185,638 |
| Contributions, gifts, grants paid | $58,148 |
| Total expenses and disbursements | $243,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,723 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $390,000 |
| 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 | $5,365,107 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $614,090 |
| Total assets | $6,374,920 |
| 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, Israel & Mollie Myers Foundation has awarded $58,148 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BETH AM ANNUAL FUND PURPOSE: UNRESTRICTED | $40,643 |
Timonium, MD PURPOSE: UNRESTRICTED | $12,500 |
BETH EL CONGREGATION PURPOSE: UNRESTRICTED | $3,710 |
BALTO COMMUNITY FDN(RECOGNIZE GIL SANDLER) PURPOSE: UNRESTRICTED | $1,150 |
VARIOUS PASSTHROUGH ENTITIES PURPOSE: UNRESTRICTED | $145 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |