Isabel & David Mahalick Foundation Inc

RIDGEWOOD, NJ EIN: 22-3622986

Isabel & David Mahalick Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RIDGEWOOD, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $450K in total assets. Net investment income was $79K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$450K

-38.0% YoY

Revenue

$89K

+102.3% YoY

Net Investment Income

$79K

+137.7% YoY

Expenses

$12K

-83.3% YoY

Under IRS private-foundation payout rules, Isabel & David Mahalick Foundation Inc reported a distributable amount of $47K for 2024 — the minimum it must pay out in qualifying distributions.

About Isabel & David Mahalick Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $127K (75%)

New York $12K (7%)

Illinois $9K (5%)

Maryland $6K (4%)

District of Columbia $5K (3%)

Connecticut $4K (2%)

North Carolina $3K (1%)

Ohio $2K (1%)

+3 more states

States

California Connecticut District of Columbia Illinois Maryland North Carolina New Jersey New York Ohio Pennsylvania Washington

Cities

AlfredBaltimoreBerkeleyBernardsvilleBridgewaterCalifonChicagoDurham NcEastonGranvilleHaledonHamdenHartfordHillsideLebanonMadisonMaplewoodMorristownNew BrunswickNew York

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$450,068	$725,377	$755,365
Revenue	$89,100	$44,049	$128,336
Expenses	$11,963	$71,749	$75,508
Qualifying Distributions	—	$54,000	$60,000
Net Investment Income	$79,137	$33,299	$117,030
Distributable Amount	$46,689	$53,499	$58,512

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

92 grants across all recorded years

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DAVID MAHALICK	PRES/DIRECTOR	1	—
LONNIE WOLLIN	SECY	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Isabel & David Mahalick Foundation Inc?

Isabel & David Mahalick Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in RIDGEWOOD, NJ. It holds $450K in total assets as of 2024.

How large is Isabel & David Mahalick Foundation Inc?

As of 2024, Isabel & David Mahalick Foundation Inc holds $450K in total assets with $89K in annual revenue.

Where does Isabel & David Mahalick Foundation Inc operate?

Isabel & David Mahalick Foundation Inc has awarded grants in California, Connecticut, District of Columbia, Illinois, Maryland, North Carolina, New Jersey, New York, Ohio, Pennsylvania, Washington.

How much is Isabel & David Mahalick Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Isabel & David Mahalick Foundation Inc reported a distributable amount of $47K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Isabel & David Mahalick Foundation Inc's EIN?

Isabel & David Mahalick Foundation Inc's EIN (Employer Identification Number) is 22-3622986. IRS Form 990 filing data is available on this page for 2021–2024.