Melvyn & Irene Greenstein Family Foundation Inc
- Assets
- $1.8m
- Revenue
- $154.7k
- Investments
- $1.8m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 04/2000
- Data as of
- 12/2022
- EIN
- 65-0882483
Organization Overview
Melvyn & Irene Greenstein Family Foundation Inc is located in Miami, FL. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Melvyn & Irene Greenstein Family 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, Melvyn & Irene Greenstein Family Foundation Inc generated $154.7k 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 (4.2%) each year. All expenses for the organization totaled $119.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Melvyn & Irene Greenstein Family Foundation Inc has awarded 337 individual grants totaling $748,916. 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 |
|---|---|---|---|
Melvyn Greenstein President | 5 | $0 | |
Irene Greenstein Vice President | 10 | $0 | |
Jill S Greenstein Secretary | 2 | $0 | |
Bruce Greenstein Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $99 |
| Dividends & Interest | $154,647 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $154,746 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,068 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,665 |
| Total operating and administrative expenses | $5,733 |
| Contributions, gifts, grants paid | $113,488 |
| Total expenses and disbursements | $119,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,794 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,320,003 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,809,918 |
| 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 | $10,414 |
| Total liabilities | $10,414 |
Grants Awarded
Over the last fiscal year, Melvyn & Irene Greenstein Family Foundation Inc has awarded $113,488 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: TO HELP FURTHER THE PROGRESS OF THE ORGANIZATION'S CHARITABLE AND EDUCATIONAL ACTIVITIES | $1,000 |
CHABAD HOUSE OF CUTLER BAY PURPOSE: TO HELP FURTHER THE PROGRESS OF THE ORGANIZATION'S CHARITABLE AND EDUCATIONAL ACTIVITIES | $86,901 |
CONSUMERS REPORT PURPOSE: TO HELP FURTHER THE PROGRESS OF THE ORGANIZATION'S CHARITABLE AND EDUCATIONAL ACTIVITIES | $18 |
CROHN'S & COLITIS FOUNDATION PURPOSE: TO HELP FURTHER THE PROGRESS OF THE ORGANIZATION'S CHARITABLE AND EDUCATIONAL ACTIVITIES | $1,000 |
GIVE KIDS THE WORLD PURPOSE: TO HELP FURTHER THE PROGRESS OF THE ORGANIZATION'S CHARITABLE AND EDUCATIONAL ACTIVITIES | $1,000 |
HEIFER INTERNATIONAL PURPOSE: TO HELP FURTHER THE PROGRESS OF THE ORGANIZATION'S CHARITABLE AND EDUCATIONAL ACTIVITIES | $1,000 |