Blumenthal Foundation For Charity Religion Education & Better Inter-
- Assets
- $19.2m
- Revenue
- $1.1m
- Investments
- $19.0m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 07/1956
- Data as of
- 12/2023
- EIN
- 56-0793667
Organization Overview
Blumenthal Foundation For Charity Religion Education & Better Inter- is located in Charlotte, NC. The organization was established in 1956. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blumenthal Foundation For Charity Religion Education & Better Inter- 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, Blumenthal Foundation For Charity Religion Education & Better Inter- generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Blumenthal Foundation For Charity Religion Education & Better Inter- has awarded 285 individual grants totaling $4,534,018. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Blumenthal Trustee | 0 | $0 | |
Philip Blumenthal Trustee | 40 | $85,042 | |
Samuel Blumenthal Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30,571 |
| Dividends & Interest | $582,043 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $517,921 |
| Capital Gain Net Income | $517,921 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,130,535 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $85,042 |
| Other employee salaries and wages | $100,461 |
| Pension plans, employee benefits | $27,408 |
| Interest | $0 |
| Taxes | $12,969 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $243,058 |
| Total operating and administrative expenses | $562,503 |
| Contributions, gifts, grants paid | $1,086,970 |
| Total expenses and disbursements | $1,649,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,375 |
| 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 | $31,200 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,154,525 |
| Accounts payable and accrued expenses | $41,589 |
| Grants payable | $578,666 |
| 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 | $620,255 |
Grants Awarded
Over the last fiscal year, Blumenthal Foundation For Charity Religion Education & Better Inter- has awarded $1,086,970 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
INSTITUTE FOR PHILANTHROPIC LEADERS PURPOSE: GRANT | $5,000 |
INDEPENDENT COLLEGE FUND OF NC PURPOSE: SCHOLARSHIPS | $2,500 |
FUND TO MITCHELL COUNTY PURPOSE: GRANT | $1,000 |
MOUNTAIN TRUE PURPOSE: GRANT | $10,000 |
NC NETWORK OF GRANTMAKERS PURPOSE: GRANT | $1,500 |
NC CONSERVATION NETWORK PURPOSE: GRANT | $15,000 |