Rubin & Gladys Wollowick Foundation Inc
- Assets
- $4.1m
- Revenue
- $463.0k
- Investments
- $3.9m
- Employees
- 0
- Location
- Sunrise, FL
- Founding
- 03/1984
- Data as of
- 01/2024
- EIN
- 59-2469452
Organization Overview
Rubin & Gladys Wollowick Foundation Inc is located in Sunrise, FL. The organization was established in 1984. 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. Rubin & Gladys Wollowick 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 01/2024, Rubin & Gladys Wollowick Foundation Inc generated $463.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $448.1k during the year ending 01/2024. While expenses have increased by 3.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rubin & Gladys Wollowick Foundation Inc has awarded 199 individual grants totaling $1,227,850. 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 |
|---|---|---|---|
Rhoda Stein Director | 0 | $0 | |
Richard Lowe Director | 0 | $15,000 | |
Janet Wollowick Director | 0 | $35,000 | |
Sandra Lowe Director | 0 | $20,000 | |
Name Not Listed Trustee | 0 | $30,499 | |
Megan Lowe Director | 0 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,554 |
| Dividends & Interest | $98,112 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $353,299 |
| Capital Gain Net Income | $353,299 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $462,965 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $133,599 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,521 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $167,271 |
| Contributions, gifts, grants paid | $280,850 |
| Total expenses and disbursements | $448,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $176,647 |
| 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 | $3,880,692 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,057,339 |
| 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, Rubin & Gladys Wollowick Foundation Inc has awarded $280,850 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: CONTRIBUTION | $10,000 |
AMERICAN COMMITTEE FOR THE WEIZMANN PURPOSE: CONTRIBUTION | $5,000 |
AMERICAN FRIENDS OF BAR-ILAN UNIVER PURPOSE: CONTRIBUTION | $5,000 |
AMERICAN FRIENDS OF MAGEN DAVID ADO PURPOSE: CONTRIBUTION | $10,000 |
AMERICAN RED CROSS PURPOSE: CONTRIBUTION | $2,000 |
ASPCA PURPOSE: CONTRIBUTION | $2,000 |