Firstman Family Foundation Inc
- Assets
- $273.0k
- Revenue
- $6.3k
- Investments
- $266.5k
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 11/1961
- Data as of
- 12/2022
- EIN
- 52-6034795
Organization Overview
Firstman Family Foundation Inc is located in Baltimore, MD. The organization was established in 1961. 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. Firstman Family 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, Firstman Family Foundation Inc generated $6.3k 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 (12.7%) each year. All expenses for the organization totaled $31.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Firstman Family Foundation Inc has awarded 242 individual grants totaling $138,200. 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
CONTRIBUTIONS TO QUALIFIED CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward E Firstman President | 1 | $0 | |
Allan Alperstein Treas/sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $1 |
| Dividends & Interest | $9,356 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,061 |
| Capital Gain Net Income | $158 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,296 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $139 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,469 |
| Total operating and administrative expenses | $3,675 |
| Contributions, gifts, grants paid | $27,950 |
| Total expenses and disbursements | $31,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,205 |
| 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 | $1,250 |
| Total assets | $272,972 |
| 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, Firstman Family Foundation Inc has awarded $27,950 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
AMNESTY INTERNATIONAL PURPOSE: CHARITY | $100 |
TALBOT COUNTY HUMANE SOCIETY PURPOSE: CHARITY | $100 |
TALBOT COUNY FREE LIBRARY PURPOSE: CHARITY | $100 |
WORLD WILDLIFE FUND PURPOSE: CHARITY | $100 |
ASPCA PURPOSE: CHARITY | $500 |
TALBOT HOSPICE FOUNDATION PURPOSE: CHARITY | $5,000 |