Mitzen Foundation Inc
- Assets
- $9.2m
- Revenue
- $2.2m
- Investments
- $6.4m
- Employees
- 0
- Location
- Saratoga Springs, NY
- Founding
- Data as of
- 12/2021
- EIN
- 85-3806264
Organization Overview
Mitzen Foundation Inc is located in Saratoga Springs, NY. 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. Mitzen Foundation Inc 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, Mitzen Foundation Inc generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (57.8%) each year. All expenses for the organization totaled $5.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Mitzen Foundation Inc has awarded 128 individual grants totaling $3,856,290. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE IN CHARITABLE GRANT-MAKING AND FINANCIAL SUPPORT OF CHARITABLE PROGRAMS OF VARIED TYPES, WHICH SATISFY THE PHILANTHROPIC INTERESTS OF THE MITZEN FAMILY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT TO HELP AFRICAN AMERICAN FEMALE LAWYERS START THEIR OWN PRACTICE.
GRANT TO HELP AFRICAN AMERICAN FEMALE LAWYERS START THEIR OWN PRACTICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie F Avila Skala Chief Brand Officer | 40 | $181,442 | |
Jahkeen Hoke Chief Executive Officer | 40 | $125,000 | |
Maie Masterson Director Of People & Culture | 40 | $4,904 | |
Edward G Mitzen President/treasurer | 1 | $0 | |
Lisa A Mitzen Vice President/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,813,612 |
| Interest on Savings | $0 |
| Dividends & Interest | $149,742 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $217,762 |
| Capital Gain Net Income | $217,762 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,181,116 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $311,346 |
| Other employee salaries and wages | $206,055 |
| Pension plans, employee benefits | $104,705 |
| Interest | $27 |
| Taxes | $40,839 |
| Depreciation | $4,899 |
| Occupancy | $2,659 |
| Travel, conferences, and meetings | $2,545 |
| Printing and publications | $0 |
| Other expenses | $495,911 |
| Total operating and administrative expenses | $1,225,147 |
| Contributions, gifts, grants paid | $3,856,290 |
| Total expenses and disbursements | $5,081,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,456,078 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $1,258,683 |
| 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 | $30,644 |
| Other assets | $40,712 |
| Total assets | $9,228,536 |
| Accounts payable and accrued expenses | $46,657 |
| 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 | $46,657 |
Grants Awarded
Over the last fiscal year, Mitzen Foundation Inc has awarded $3,856,290 in support to 128 organizations.
| Grant Recipient | Amount |
|---|---|
Albany, NY PURPOSE: GENERAL NEEDS | $1,007,500 |
SERVANTS OF THE WORLD INC DBA OPEN DOOR MISSION PURPOSE: GENERAL NEEDS | $500,000 |
WELLSPRING PURPOSE: GENERAL NEEDS | $500,000 |
Saratoga Springs, NY PURPOSE: GENERAL NEEDS | $500,000 |
FEED ALBANY PURPOSE: GENERAL NEEDS | $250,000 |
Saratoga Springs, NY PURPOSE: GENERAL NEEDS | $81,031 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |