Mansmann Foundation Pa
- Assets
- $3.6m
- Revenue
- $2.3m
- Investments
- $1.6m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 81-1032302
Organization Overview
Mansmann Foundation Pa is located in Pittsburgh, PA. The organization was established in 2016. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Mansmann Foundation PA 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, Mansmann Foundation PA generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTREPRENEURS FOREVER, THE PRINCIPLE PROGRAM OF THE MANSMANN FOUNDATION, IMPLEMENTS LONG-TERM ENTREPRENEURIAL PEER GROUPS COMPOSED OF EXISTING SMALL BUSINESS OWNERS WHO ARE OFTEN ISOLATED, DISCONNECTED, AND INTENTIONALLY EXCLUDED FROM THE CEO PEER GROUP ORGANIZATIONS ACCESSIBLE TO MUCH LARGER BUSINESSES. THE ENTREPRENEURS FOREVER'S MODEL HAS BEEN CAREFULLY DESIGNED TO STRENGTHEN THE RELATIONSHIPS AND SKILLS NEEDED FOR SMALL BUSINESS OWNERS TO STABILIZE AND GROW THEIR SMALL BUSINESSES, THUS INCREASING FAMILY INCOME, CREATING NEW JOBS, AND CONTRIBUTING TO THE VITALITY OF THEIR COMMUNITIES. BEGINNING IN 2023, THE MANSMANN FOUNDATION IS DOING BUSINESS AS ENTREPRENEURS FOREVER IN ORDER TO AVOID MARKET CONFUSION. ALSO, IN 2022, THE FOUNDATION SUBMITTED A REQUEST FOR AN ADVANCE RULING FROM THE IRS, FORM 8940, TO TRANSITION ITS STATUS FROM A PRIVATE OPERATING FOUNDATION TO A PUBLIC CHARITY, WHICH WAS APPROVED BY THE IRS JULY 2023 WITH THE 60 MONTH PERIOD BEGINNING JANUARY 1, 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Resnick President | 4 | $0 | |
Aj Drexler CEO | 40 | $227,719 | |
Laytoya Johnson-Rainey Board Member | 2 | $0 | |
Benzi Ronen Board Member | 1 | $0 | |
Himanshu Sareen Board Member | 1 | $0 | |
Susie Quesada Board Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Icreon Tech Inc | 12/30/23 | $301,653 |
Calaveras | 12/30/23 | $149,040 |
Csk Advertising | 12/30/23 | $138,976 |
Harold J Behar Jr-boss Consulting | 12/30/23 | $66,118 |
Synthelize | 12/30/23 | $64,060 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,312,170 |
| Interest on Savings | $0 |
| Dividends & Interest | $91,441 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,455 |
| Capital Gain Net Income | $11,455 |
| Net ST Capital Gain | $11,455 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $931,043 |
| Total Revenue | $2,346,109 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $230,061 |
| Other employee salaries and wages | $1,475,817 |
| Pension plans, employee benefits | $204,995 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $193,159 |
| Occupancy | $57,768 |
| Travel, conferences, and meetings | $112,280 |
| Printing and publications | $0 |
| Other expenses | $352,028 |
| Total operating and administrative expenses | $3,298,425 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,298,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,228 |
| Savings and temporary cash investments | $1,061 |
| Net Accounts receivable | $395,188 |
| Net Pledges Receivable | $0 |
| Grants receivable | $400,000 |
| 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 | $8,721 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,644,364 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $826,078 |
| Total assets | $3,572,640 |
| Accounts payable and accrued expenses | $171,840 |
| Grants payable | $0 |
| Deferred revenue | $885,664 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $131,689 |
| Total liabilities | $1,189,193 |