Olga And David Melin Foundation Inc
- Assets
- $322.5k
- Revenue
- $252.1k
- Investments
- $312.2k
- Employees
- 0
- Location
- Sunny Isles Beach, FL
- Founding
- 11/2000
- Data as of
- 12/2021
- EIN
- 65-1036928
Organization Overview
Olga And David Melin Foundation Inc is located in Sunny Isles Beach, 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. Olga And David Melin 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 12/2021, Olga And David Melin Foundation Inc generated $252.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.9% each year . All expenses for the organization totaled $94.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Olga And David Melin Foundation Inc has awarded 172 individual grants totaling $716,730. 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 |
|---|---|---|---|
David Melin Director | 0 | $0 | |
Olga Melin Director | 0 | $0 | |
Gina Melin Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,730 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,335 |
| Capital Gain Net Income | $46,335 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $252,065 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $910 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,660 |
| Contributions, gifts, grants paid | $91,050 |
| Total expenses and disbursements | $94,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,293 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $322,515 |
| 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, Olga And David Melin Foundation Inc has awarded $91,050 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
SUN VALLEY SUMMER SYMPHONY PURPOSE: SUPPORT FOR THE ARTS | $25,000 |
U OF M FROST SCHOOL OF MUSIC PURPOSE: SUPPORT FOR THE ARTS | $15,000 |
104 ADDITIONAL CHARITABLE ORGANIZATIONS PURPOSE: SUPPORT FOR THE ARTS | $10,200 |
AMERICAN FRIENDS OF BEIT ISSIE SHAPIRO PURPOSE: SUPPORT FOR RELIGIOUS | $10,000 |
CHOPAN FOUNDATION OF US PURPOSE: SUPPORT FOR THE ARTS | $6,000 |
Miami Beach, FL PURPOSE: SUPPORT FOR THE ARTS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gerstner Family Foundation Palm Beach, FL | $0 | $14,356,897 |
C And A Johnson Family Foundation Palm Beach, FL | $1,837,672 | $36,829,878 |
Bernard A Egan Foundation Inc Fort Pierce, FL | $114,916,843 | $8,190,041 |
Volo Foundation West Palm Beach, FL | $90,593,574 | $39,243,296 |
Lucy Gooding Charitable Foundation Trust Jacksonville, FL | $96,067,891 | $12,365,661 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Raether 1985 Charitable Trust West Palm Beach, FL | $51,858,010 | $28,246,620 |
George Jenkins Foundation Inc Lakeland, FL | $24,813,802 | $4,640,014 |
Grizzard Family Foundation Inc Stone Mountain, GA | $7,597,688 | $166,630 |
Lattner Family Foundation Inc Delray Beach, FL | $83,049,454 | $6,453,485 |
The Leandro P Rizzuto Foundation Boynton Beach, FL | $36,759,005 | $9,755,939 |
Bluebell Foundation North Palm Beach, FL | $4,746,797 | $3,595,291 |