Aronson Family Foundation
- Assets
- $10.8m
- Revenue
- $2.5m
- Investments
- $8.2m
- Employees
- 0
- Location
- Westport, CT
- Founding
- 03/1993
- Data as of
- 12/2022
- EIN
- 13-3693381
Organization Overview
Aronson Family Foundation is located in Westport, CT. The organization was established in 1993. 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. Aronson Family 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, Aronson Family Foundation generated $2.5m in total revenue. All expenses for the organization totaled $840.3k during the year ending 12/2022. While expenses have increased by 20.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis B Poster- Dec 62022 Trustee | 15 | $47,500 | |
Henry W Berinstein Trustee | 15 | $47,500 | |
Joan Poster Trustee | 15 | $0 | |
Cynthia Poster Eigen Trustee | 10 | $0 | |
Meredith Poster Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $216,727 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,260,981 |
| Capital Gain Net Income | $2,260,981 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,477,708 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $95,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $98 |
| Taxes | $35,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,112 |
| Total operating and administrative expenses | $164,488 |
| Contributions, gifts, grants paid | $675,783 |
| Total expenses and disbursements | $840,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,630,678 |
| 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 | $2,062,713 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,849,187 |
| 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, Aronson Family Foundation has awarded $496,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE STATEMENT G PURPOSE: SEE STATEMENT G | $146,500 |
MS GLOBAL IMPACT FUNDING TR PURPOSE: FULFILLING AFF'S PHILANTHROPIC ENDEAVORS | $350,000 |