The Sinsky-Kresser-Racusin Memorial Foundation Inc
- Assets
- $2.1m
- Revenue
- $104.1k
- Investments
- $1.9m
- Employees
- 0
- Location
- Owings Mills, MD
- Founding
- 01/1995
- Data as of
- 12/2022
- EIN
- 52-1856421
Organization Overview
The Sinsky-Kresser-Racusin Memorial Foundation Inc is located in Owings Mills, MD. The organization was established in 1995. 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. Sinsky-Kresser-Racusin 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 12/2022, Sinsky-Kresser-Racusin Memorial Foundation Inc generated $104.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $102.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sinsky-Kresser-Racusin Memorial Foundation Inc has awarded 103 individual grants totaling $347,400. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Beth Sinsky Hopkins President And Treasurer | 4 | $0 | |
Gary John Sinsky Vice President | 1 | $0 | |
Thelma Sinsky Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $104 |
| Dividends & Interest | $102,481 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,380 |
| Capital Gain Net Income | $1,380 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $144 |
| Total Revenue | $104,109 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,672 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $210 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,223 |
| Contributions, gifts, grants paid | $100,150 |
| Total expenses and disbursements | $102,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,597 |
| Savings and temporary cash investments | $87,740 |
| 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 | $2,069,727 |
| 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, The Sinsky-Kresser-Racusin Memorial Foundation Inc has awarded $100,150 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOC JEWISH COMMTY FED OF BALTO PURPOSE: CHARITABLE | $32,400 |
AMERICAN CIVIL LIBERTIES FOUNDATION PURPOSE: EDUCATIONAL | $500 |
CONGREGATION KOL SHALOM PURPOSE: RELIGIOUS | $1,000 |
CENTRAL SCHOLARSHIP BUREAU PURPOSE: EDUCATIONAL | $500 |
EDWARD MYERBERG SENIOR CENTER PURPOSE: CHARITABLE | $500 |
DOCTORS WITHOUT BORDERS PURPOSE: CHARITABLE | $400 |