Morris And Rae Spivak Foundation
- Assets
- $595.3k
- Revenue
- $40.3k
- Investments
- $420.0k
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 12/1965
- Data as of
- 12/2022
- EIN
- 95-6122693
Organization Overview
Morris And Rae Spivak Foundation is located in Beverly Hills, CA. The organization was established in 1965. 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. Morris And Rae Spivak 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 12/2022, Morris And Rae Spivak Foundation generated $40.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $59.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Morris And Rae Spivak Foundation has awarded 454 individual grants totaling $337,551. 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 |
|---|---|---|---|
Betty Spivak President | 2 | $0 | |
Sharon Spivak Secretary | 0 | $0 | |
Michael Spivak Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $144 |
| Dividends & Interest | $40,200 |
| 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 | $40,344 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $634 |
| Total operating and administrative expenses | $6,458 |
| Contributions, gifts, grants paid | $53,150 |
| Total expenses and disbursements | $59,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $175,304 |
| 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 | $420,000 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $595,304 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Morris And Rae Spivak Foundation has awarded $53,150 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ASSOC OF BEN GURION UNIVERSITY PURPOSE: RELIGIOUS PROGRAMMING | $100 |
AMERICAN COMMITTEE FOR SHAARE ZEDEK MED CTR PURPOSE: HEALTH, EDUCATION & WELFARE | $100 |
AMERICAN COMMITTEE OF WEISZMANN INSTOF SCIENCE (ACWIS) PURPOSE: HEALTH, EDUCATION & WELFARE | $100 |
AMERICAN FRIENDS OF THE HEBREW UNIVERSITY PURPOSE: HEALTH, EDUCATION & WELFARE | $100 |
AMERICAN FRIENDS OF TEL AVIV UNIVERSITY PURPOSE: HEALTH, EDUCATION & WELFARE | $100 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: HEALTH, EDUCATION & WELFARE | $600 |