Richard And Martha Glasser Family Foundation
- Assets
- $3.2m
- Revenue
- $146.0k
- Investments
- $2.9m
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 54-2061975
Organization Overview
Richard And Martha Glasser Family Foundation is located in Norfolk, VA. The organization was established in 2002. 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. Richard And Martha Glasser Family 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, Richard And Martha Glasser Family Foundation generated $146.0k 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 (11.6%) each year. All expenses for the organization totaled $333.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Richard And Martha Glasser Family Foundation has awarded 170 individual grants totaling $906,700. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Frei Treasurer / | 2 | $0 | |
Michael A Glasser Secretary / | 2 | $0 | |
Hara B Glasser Frei President / | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $106,028 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,942 |
| Capital Gain Net Income | $228 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,044 |
| Total Revenue | $146,021 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1 |
| Taxes | $6,534 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $33,569 |
| Contributions, gifts, grants paid | $300,000 |
| Total expenses and disbursements | $333,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $356,562 |
| 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 | $58,124 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,212,393 |
| 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, Richard And Martha Glasser Family Foundation has awarded $300,000 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
Sunrise, FL PURPOSE: BEDROOM IN THE CHILDRENS VILLAGE | $36,000 |
Norfolk, VA PURPOSE: ALEXIS DE TOCQUEVILLE SOCIETY | $30,000 |
UNITED WAY PURPOSE: TOCQUEVILLE CONTRIBUTION | $25,000 |
CHRISTOPHER NEWPORT UNIVERSITY PURPOSE: JEWISH STUDIES ENDOWMENT | $25,000 |
UNITED JEWISH FED OF TIDEWATER PURPOSE: UNRESTRICTED GIFT | $20,000 |
Boca Raton, FL PURPOSE: RABBI DAVID ENGLANDER DISCRET. FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
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 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |