M&g Charitable Foundation
- Assets
- $0.0
- Revenue
- $55.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 08/2019
- Data as of
- 06/2022
- EIN
- 83-2894116
Organization Overview
M&g Charitable Foundation is located in Brooklyn, NY. The organization was established in 2019. According to its NTEE Classification (T01) the organization is classified as: Alliances & Advocacy, 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. M&g Charitable 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 06/2022, M&g Charitable Foundation generated $55.0k 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 (42.4%) each year. All expenses for the organization totaled $132.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, M&g Charitable Foundation has awarded 17 individual grants totaling $578,645. 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 |
|---|---|---|---|
Meiyer Godinger Trustee | 0 | $0 | |
Moses Godinger Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $55,000 |
| Interest on Savings | $0 |
| 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 | $55,000 |
| 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 | $1,140 |
| Total operating and administrative expenses | $1,140 |
| Contributions, gifts, grants paid | $131,235 |
| Total expenses and disbursements | $132,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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 | $49,780 |
| Total liabilities | $49,780 |
Grants Awarded
Over the last fiscal year, M&g Charitable Foundation has awarded $131,235 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn, NY PURPOSE: CHARITY | $82,250 |
Brooklyn, NY PURPOSE: CHARITY | $30,385 |
Brooklyn, NY PURPOSE: CHARITY | $10,000 |
Brooklyn, NY PURPOSE: CHARITY | $5,000 |
YESHIVA KETANA SATMAR BP PURPOSE: CHARITY | $3,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Investors Exchange Inc New York, NY | $5,443,733 | $3,429,214 |
Janet W Mccune Pittsburgh, PA | $8,075,163 | $998,234 |
Goodness Web Foundation Wayland, MA | $4,775,064 | $5,142,926 |
Community Inroads Inc North Andover, MA | $243,018 | $0 |
Hackett Philanthropies Foundation Shavertown, PA | $2,510,593 | $202,481 |
M&g Charitable Foundation Brooklyn, NY | $0 | $55,000 |
Ben-Abou Foundation Brooklyn, NY | $505,217 | $50,000 |
Brian And Mary Murphy Family Foundation Inc Chester, NJ | $1,108,942 | $156,341 |
Wm F Roth T-W Fbo Charities Acct No 063809900 Pittsburgh, PA | $1,185,892 | -$401 |
Talman Charitable Foundation Worcester, MA | $11,003 | $53,094 |
The Edward And Teresa Nolan Family Foundation Inc Westhampton, NY | $945,021 | $478,897 |
Latin American Studies For The Professions Inc Plattsburgh, NY | $811,121 | $25,891 |