Msbm Foundation
- Assets
- $1.3m
- Revenue
- $40.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 82-3550308
Organization Overview
Msbm Foundation is located in Brooklyn, NY. The organization was established in 2019. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Msbm Foundation 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, Msbm Foundation generated $40.7k 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 (23.9%) each year. All expenses for the organization totaled $56.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Msbm Foundation has awarded 145 individual grants totaling $306,041. 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
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,640 |
| Interest on Savings | $77 |
| Dividends & Interest | $0 |
| 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 | $40,717 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $15 |
| Contributions, gifts, grants paid | $56,524 |
| Total expenses and disbursements | $56,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $455,976 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $406,842 |
| 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 | $405,140 |
| Total assets | $1,267,958 |
| 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, Msbm Foundation has awarded $56,524 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
YESHIVA MEOR HACHAIM PURPOSE: GENERAL SUPPORT | $16,220 |
VARIOUS CHARITY PURPOSE: GENERAL SUPPORT | $15,312 |
Brooklyn, NY PURPOSE: GENERAL SUPPORT | $10,482 |
THE CHESED FUND PURPOSE: GENERAL SUPPORT | $5,510 |
Brooklyn, NY PURPOSE: GENERAL SUPPORT | $5,000 |
YESHIVA KEHILATH YAKOV PURPOSE: GENERAL SUPPORT | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carl Fenichel Community Services Inc Brooklyn, NY | $12,251,363 | $5,691,898 |
Enterprise Center Capital Corporation Philadelphia, PA | $134,514,899 | $23,652,312 |
Hart United Inc North Haven, CT | $3,744,334 | $8,818,103 |
New Square Community Improvement Council Inc New Square, NY | $7,666,025 | $8,815,852 |
Kings Bay Ym-Ywha Inc Brooklyn, NY | $12,626,720 | $11,475,108 |
Trinity Hall Tinton Falls, NJ | $25,041,854 | $11,664,482 |
Lincoln Financial Foundation Inc Radnor, PA | $4,895,429 | $8,366,668 |
Hospice-Vnsw Wphc Inc White Plains, NY | $7,508,393 | $8,068,324 |
Harrow Corporation Cambridge, MA | $149,449,226 | $7,488,293 |
Girl Scouts Of Northern New Jersey Inc Riverdale, NJ | $19,182,901 | $9,766,793 |
The Armory Foundation New York, NY | $10,796,175 | $8,230,990 |
March Inc Of Manchester C/O Robert F Gorman Manchester, CT | $2,238,128 | $7,972,954 |