Masan Group Initiative Corp
- Assets
- $1.0m
- Revenue
- $77.5k
- Investments
- $1.0m
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- Data as of
- 12/2023
- EIN
- 88-4239357
Organization Overview
Masan Group Initiative Corp is located in Palm Beach Gardens, FL. 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. Masan Group Initiative Corp 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 12/2023, Masan Group Initiative Corp generated $77.5k 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 (72.2%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION CONTRIBUTED TO ANIMAL RESCUE UFAR
FOUNDATIN CONTRIBUTED TO ANIMAL RESUCE PAWS 2 HELP, INC
FOUNDATION CONTRIBUTED TO VOCATIONAL SCHOOL SUN VALLEY CULINARY SCHOOL
FOUNDATION CONTRIBUTED TO SOS VILLAGE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Sher Director | 0 | $0 | |
Mariela Arroyo Treasurer | 0 | $0 | |
Alexander Feldman President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,484 |
| Dividends & Interest | $29,633 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,430 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $77,547 |
| 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 | $1,200 |
| Other expenses | $79 |
| Total operating and administrative expenses | $1,279 |
| Contributions, gifts, grants paid | $43,746 |
| Total expenses and disbursements | $45,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421 |
| 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 | $1,037,969 |
| Accounts payable and accrued expenses | $5,447 |
| 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 | $5,447 |
Grants Awarded
Over the last fiscal year, Masan Group Initiative Corp has awarded $43,746 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
HEROES HUB INC PURPOSE: DONATION FOR SHELTER AND HOMELESS FA | $8,000 |
PAWS 2 HELP INC PURPOSE: DONATION FREE CARE VET SERVICES | $5,000 |
SOS CHILDREN'S VILLAGE PURPOSE: LONG TERM CARE FOR ORPHANED CHILDREN | $5,000 |
SUN VALLEY CULINARY INSTITUTE PURPOSE: FUNDING SCHOOL FOR CHEF EDUCATION | $5,000 |
UFAR ANIMAL RESCUE PURPOSE: ANIMAL RESCUE | $10,000 |
LIGHT FOUNDATION PURPOSE: ASSISTANCE KIDS IN DISTRESS | $5,000 |