Debs Foundation
- Assets
- $754.8k
- Revenue
- -$62.5k
- Investments
- $673.5k
- Employees
- 0
- Location
- Fort Lee, NJ
- Founding
- 01/1992
- Data as of
- 12/2023
- EIN
- 13-3639449
Organization Overview
Debs Foundation is located in Fort Lee, NJ. The organization was established in 1992. 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. Debs Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Debs Foundation has awarded 578 individual grants totaling $4,564,075. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Richard A Debs Deceased 12824 Chairman | 1 | $0 | |
Mrs Barbara K Debs Vice Chairman | 1 | $0 | |
Mselizabeth A Debs President | 1 | $0 | |
Mr Nicholas A Debs Director | 1 | $0 | |
Ms Isabel Turner Debs Treasurer | 1 | $0 | |
Ms Zoe Turner Debs Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20 |
| Dividends & Interest | $30,255 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$105,739 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,934 |
| Total Revenue | -$62,530 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,465 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $794 |
| Total operating and administrative expenses | $28,659 |
| Contributions, gifts, grants paid | $369,000 |
| Total expenses and disbursements | $397,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,329 |
| 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 | $27,242 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $754,793 |
| 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, Debs Foundation has awarded $369,000 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU PURPOSE: FOR THE ORGANIZATION'S CHARITABLE USE | $1,000 |
ALZHEIMERS ASSOCIATION PURPOSE: FOR THE ORGANIZATION'S CHARITABLE USE | $1,000 |
AMERICAN UNIVERSITY OF BEIRUT PURPOSE: FOR THE ORGANIZATION'S CHARITABLE USE | $50,000 |
AMERICAN TASK FORCE FOR LEBANON PURPOSE: FOR THE ORGANIZATION'S CHARITABLE USE | $1,000 |
APCC (ASSOCIATION TO PRESERVE CAPE COD) PURPOSE: FOR THE ORGANIZATION'S CHARITABLE USE | $500 |
APPLESEED FOUNDATION PURPOSE: FOR THE ORGANIZATION'S CHARITABLE USE | $500 |