Thomas & Lisa Mandel Family Foundation
- Assets
- $45.3m
- Revenue
- $51.7m
- Investments
- $44.2m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- Data as of
- 12/2022
- EIN
- 85-1007446
Organization Overview
Thomas & Lisa Mandel Family Foundation is located in Cleveland, OH. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Thomas & Lisa Mandel Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2022, Thomas & Lisa Mandel Family Foundation has awarded 36 individual grants totaling $1,770,816. 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 |
|---|---|---|---|
Bradley S Smith President & Treasurer | 1 | $0 | |
Lavonda D Napka Secretary | 1 | $0 | |
Mark A Madeja Assistant Secretary | 1 | $0 | |
Stephen H Hoffman Trustee | 0.5 | $0 | |
Jehuda Reinharz Trustee | 0.5 | $0 | |
Scott S Cowen Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,192,931 |
| Interest on Savings | $1,410 |
| Dividends & Interest | $534,135 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $768,459 |
| Capital Gain Net Income | $768,459 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $207,352 |
| Total Revenue | $51,704,287 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $67,687 |
| Taxes | $289,972 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $609,559 |
| Total operating and administrative expenses | $967,668 |
| Contributions, gifts, grants paid | $1,770,816 |
| Total expenses and disbursements | $2,738,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,042,498 |
| 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 | $44,217,164 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $45,259,662 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $625,000 |
| 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 | $625,000 |
Grants Awarded
Over the last fiscal year, Thomas & Lisa Mandel Family Foundation has awarded $1,770,816 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON CIVIC THEATRE PURPOSE: PROJECT SUPPORT | $50,000 |
AKRON MARATHON CHARITABLE CORPORATION PURPOSE: PROJECT SUPPORT | $5,000 |
CASE WESTERN RESERVE UNIVERSITY PURPOSE: PROJECT SUPPORT | $100,000 |
CONSERVANCY FOR CUYAHOGA VALLEY NATIONAL PARK PURPOSE: PROJECT SUPPORT | $10,000 |
CONSERVANCY FOR CUYAHOGA VALLEY NATIONAL PARK PURPOSE: PROJECT SUPPORT | $5,000 |
FRIENDS OF CROWELL HILAKA PURPOSE: PROJECT SUPPORT | $10,000 |