Margaret R Binz Foundation Inc
- Assets
- $2.2m
- Revenue
- $103.6k
- Investments
- $2.1m
- Employees
- 0
- Location
- Melbourne, FL
- Founding
- 08/1981
- Data as of
- 12/2022
- EIN
- 59-1367134
Organization Overview
Margaret R Binz Foundation Inc is located in Melbourne, FL. The organization was established in 1981. 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. Margaret R Binz 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, Margaret R Binz Foundation Inc generated $103.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $238.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Margaret R Binz Foundation Inc has awarded 157 individual grants totaling $974,700. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Behl Director | 0.19 | $0 | |
Jack Platt Secretarytreas And Director | 0.67 | $3,500 | |
David Shapiro Director | 0.19 | $0 | |
Jeffery Locke Director | 0.19 | $0 | |
Helen Carnegie President | 0.19 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $67,497 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,103 |
| Capital Gain Net Income | $36,103 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,600 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,192 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,298 |
| Total operating and administrative expenses | $28,120 |
| Contributions, gifts, grants paid | $210,500 |
| Total expenses and disbursements | $238,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,991 |
| 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 | $1,145 |
| Total assets | $2,185,784 |
| 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, Margaret R Binz Foundation Inc has awarded $210,500 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
AMIKIDS SPACE COAST PURPOSE: HELP CHILDREN BREAK THE CYCLE OF POVERTY | $4,000 |
BOY SCOUT TROOP 380 HOLY NAME OF JESUS PURPOSE: HELP KIDS BUILD CHARACTER | $2,500 |
BREVARD HUMANE SOCIETY PURPOSE: TO EDUCATE THE COMMUNITY ON THE HUMANE TREATMENT OF ANIMALS | $6,000 |
BREVARD ACHIEVEMENT CENTER PURPOSE: TO HELP PROVIDE EMPLOYMENT ASSISTANCE TO DISABLED INDIVIDUALS | $8,000 |
CANDLELIGHTERS OF BREVARD INC PURPOSE: TO OFFER SUPPORT TO FAMILIES WHO HAVE A CHILD WITH CANCER | $7,500 |
CHILDREN'S HOME SOCIETY OF FLORIDA PURPOSE: TO PROMOTE ADOPTION AND FOSTER CARE PARENTS | $8,000 |