Joseph & Florence Mandel Family Foundation - Weinberg Family Fund
- Assets
- $181.9m
- Revenue
- $22.1m
- Investments
- $178.8m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 83-0987549
Organization Overview
Joseph & Florence Mandel Family Foundation - Weinberg Family Fund is located in Cleveland, OH. The organization was established in 2019. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Joseph & Florence Mandel Family Foundation - Weinberg Family Fund 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, Joseph & Florence Mandel Family Foundation - Weinberg Family Fund generated $22.1m in total revenue.
Since 2021, Joseph & Florence Mandel Family Foundation - Weinberg Family Fund has awarded 93 individual grants totaling $6,722,260. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
NONE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penni M Weinberg Trustee | 1 | $0 | |
Pamela M Kahn Trustee | 1 | $0 | |
Jennifer W Dinner Trustee | 1 | $0 | |
Mark A Madeja Assistant Secretary | 1 | $0 | |
Lavonda D Napka Secretary | 1 | $0 | |
Bradley S Smith Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $552,554 |
| Dividends & Interest | $1,216,027 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,941,120 |
| Capital Gain Net Income | $18,941,120 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,425,177 |
| Total Revenue | $22,134,878 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $137,956 |
| Taxes | $584,327 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,008,913 |
| Total operating and administrative expenses | $2,731,196 |
| Contributions, gifts, grants paid | $6,722,260 |
| Total expenses and disbursements | $9,453,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,103,416 |
| 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 | $178,794,580 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $181,897,996 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,758,286 |
| 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 | $2,758,286 |
Grants Awarded
Over the last fiscal year, Joseph & Florence Mandel Family Foundation - Weinberg Family Fund has awarded $6,722,260 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY HOSPITALS HEALTH SYSTEM PURPOSE: GENERAL | $1,100,000 |
West Palm Beach, FL PURPOSE: GENERAL | $900,000 |
Beachwood, OH PURPOSE: GENERAL | $816,400 |
UNIVERSITY HOSPITALS HEALTH SYSTEM PURPOSE: GENERAL | $700,000 |
WEINBERG FAMILY FUND PURPOSE: GENERAL | $700,000 |
Cleveland, OH PURPOSE: GENERAL | $335,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Npt Charitable Asset Tr Jenkintown, PA | $16,456,984 | $30,273,580 |
Joseph & Florence Mandel Family Foundation - Weinberg Family Fund Cleveland, OH | $181,897,996 | $22,134,878 |
The@joseph And Florence Mandel Family Foundation-Michele M And Cleveland, OH | $143,259,703 | $19,572,691 |
Psalms Foundation Cincinnati, OH | $2,676,117 | $10,777,846 |
Hands In Service Incorporated Sellersville, PA | $413,502 | $4,515,148 |
Charity Motors Inc Detroit, MI | $2,508,278 | $4,106,535 |
Philanthropy Network Greater Philadelphia Philadelphia, PA | $1,306,274 | $3,056,265 |
The Grantmakers Of Western Pennsyl Vania Pittsburgh, PA | $3,601,911 | $2,093,159 |
Detroit Association Of Black Organizations Dabo Inc Detroit, MI | $174,773 | $1,935,579 |
Veterans Outreach Youngstown, OH | $937,209 | $2,263,977 |
New Life Thrift Inc Glenside, PA | $1,745,552 | $2,183,383 |
Detroit Lions Charities Allen Park, MI | $661,259 | $1,820,325 |