Diamondston Foundation Inc
- Assets
- $2.1m
- Revenue
- $205.6k
- Investments
- $2.1m
- Employees
- 0
- Location
- Westfield, NJ
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 13-4112479
Organization Overview
Diamondston Foundation Inc is located in Westfield, NJ. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Diamondston Foundation Inc 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, Diamondston Foundation Inc generated $205.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $125.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Diamondston Foundation Inc has awarded 222 individual grants totaling $556,253. 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 |
|---|---|---|---|
Michael Margolin President Tr | 0 | $0 | |
David Margolin Vice Preside | 0 | $0 | |
Susan Smith Vice Preside | 0 | $0 | |
Barabara Margolin Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30,922 |
| Dividends & Interest | $42,357 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $132,309 |
| Capital Gain Net Income | $132,309 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $205,588 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,850 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $621 |
| Printing and publications | $0 |
| Other expenses | $17,525 |
| Total operating and administrative expenses | $23,296 |
| Contributions, gifts, grants paid | $102,500 |
| Total expenses and disbursements | $125,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,152 |
| Savings and temporary cash investments | $18,099 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,141,677 |
| 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, Diamondston Foundation Inc has awarded $102,500 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN JEWISH COMMITTEE PURPOSE: CHARITABLE | $1,000 |
ASALI PURPOSE: CHARITABLE | $2,000 |
BEYOND BOND & LEGAL DEFENSE FUND PURPOSE: CHARITABLE | $2,000 |
CENTER FOR POPULAR DEMOCRACY PURPOSE: CHARITABLE | $1,000 |
CHICKEN & EGG PICTURES PURPOSE: CHARITABLE | $5,000 |
COMMON COUNSEL FOUNDATION PURPOSE: CHARITABLE | $1,000 |