ALBERT MISSRY FOUNDATION

EIN: 823736974 501(c)(3) Philanthropy & Grantmaking

BROOKLYN, NY

Total Revenue
$86,347
Total Expenses
$192,774
Total Assets
$397,584
Net Assets
$393,584
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NY
Principal Officer
MORRIS MISSRY
Phone
2129099557
Tax Period
2023-01-01 to 2023-12-31

ALBERT MISSRY FOUNDATION, founded in 2017, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $86K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $193K exceeded revenue, resulting in a 123% operating deficit.

Mission

THE ALBERT MISSRY FOUNDATION (THE FOUNDATION) WAS CREATED AS A NOT FOR PROFIT ORGANIZATION WITH THE MISSION OF PERPETUATING THE MEMORY OF ALBERT MISSRY WHO WAS A CHARISMATIC, DYNAMIC AND INSPIRATIONAL YOUNG MAN WHO HELPED MANY YOUNG PEOPLE IN HIS COMMUNITY, AND THE COMMUNITY AT LARGE, BUT UNFORTUNATELY PASSED WELL BEFORE HIS TIME. THE FOUNDATION INTENDS ON BEING A COMMUNITY BASED ORGANIZATION THAT WILL CREATE, DEVISE, IMPLEMENT AND FUND, INNOVATIVE PROGRAMS TO EDUCATE, INSPIRE AND MOTIVATE YOUNG PEOPLE, TRAIN YOUNG PEOPLE TO BE LEADERS IN THEIR COMMUNITIES AND INSPIRE OTHERS TO DO ACTS OF KINDNESS. ADDITIONALLY, THE FOUNDATION WILL CARRY OUT, AND/OR FINANCIALLY SUPPORT COMMUNITY DEVELOPMENT PROJECTS TO IMPROVE THE QUALITY OF LIFE FOR THE YOUTH IN THE COMMUNITY. SOME OF THE ACTIVITIES WILL INCLUDE, LEADERSHIP PROGRAMS, AFTER SCHOOL MENTORING PROGRAMS, SEMINARS, EDUCATIONAL AND RELIGIOUS CLASSES, MOTIVATIONAL EVENTS, RELATIONSHIP BUILDING TRIPS AND EDUCATIONAL WEEKEND RETREATS. IN TIME,

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $86,276
Program Service Revenue $0
Investment Income $71
Other Revenue $0
TOTAL REVENUE $86,347

Expense Breakdown

Grants Paid $161,105
Salaries & Benefits $0
Fundraising Expenses $8,576
Program Expenses $184,198
Other Expenses $31,669
TOTAL EXPENSES $192,774

Year-over-Year Comparison

2023 2022 Change
Revenue $86,347 $120,596 -0.3%
Expenses $192,774 $106,292 +0.8%
Net Income $-106,427 $14,304 -8.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH EDERY DIRECTOR N/A
Officer Director
$0 $0 $0
MORRIS MISSRY PRESIDENT N/A
Officer Director
$0 $0 $0
ELLIOT M SUTTON DIRECTOR N/A
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $86,347 $192,774 $397,584 $-106,427
2022 $120,596 $106,292 $504,011 $14,304
2021 $138,076 $119,428 $485,707 $18,648
2020 $61,788 $70,947 $467,059 $-9,159
2019 $21,973 $131,448 $372,980 $-109,475
2018 $533,440 $50,985 $482,455 $482,455
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