Joseph Meyerhoff Fund Inc
- Assets
- $48.4m
- Revenue
- $2.6m
- Investments
- $39.7m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 09/1954
- Data as of
- 12/2023
- EIN
- 52-6035997
Organization Overview
Joseph Meyerhoff Fund Inc is located in Baltimore, MD. The organization was established in 1954. 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. Joseph Meyerhoff Fund 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 12/2023, Joseph Meyerhoff Fund Inc generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $5.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Joseph Meyerhoff Fund Inc has awarded 1,022 individual grants totaling $31,984,343. 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 |
|---|---|---|---|
Jill M Hieronimus President | 2 | $0 | |
Elizabeth Minkin Asst. Vice President | 25 | $147,595 | |
Terry M Rubenstein V.P. & Secretary | 2 | $8,125 | |
Joseph Meyerhoff II V.P. & Treasurer | 3 | $0 | |
Misty Gibson Asst. Secretary | 20 | $91,840 | |
Phil Huber Asst. Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,436,316 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,107,190 |
| Capital Gain Net Income | $1,107,190 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $68,539 |
| Total Revenue | $2,612,045 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $247,560 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $48,878 |
| Interest | $27,468 |
| Taxes | $13,711 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $634,148 |
| Total operating and administrative expenses | $1,303,084 |
| Contributions, gifts, grants paid | $4,223,678 |
| Total expenses and disbursements | $5,526,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,612 |
| Savings and temporary cash investments | $8,191,506 |
| Net Accounts receivable | $469,808 |
| 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 | $13,968,860 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $48,446,242 |
| 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, Joseph Meyerhoff Fund Inc has awarded $4,223,678 in support to 90 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF MAOZ SEAL PURPOSE: UNRESTRICTED | $25,000 |
AHAVAS YISRAEL CHARITY FUND PURPOSE: UNRESTRICTED | $1,500 |
AMERICAN FRIENDS OF THE HEBREW UNIVERSITY PURPOSE: UNRESTRICTED | $25,000 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE PURPOSE: UNRESTRICTES | $30,000 |
ART WITH A HEART PURPOSE: UNRESTRICTED | $20,000 |
ARTS EDUCATION IN MARYLAND SCHOOLS PURPOSE: UNRESTRICTED | $2,500 |