Rudnick Foundation
- Assets
- $457.1k
- Revenue
- $16.0k
- Investments
- $424.3k
- Employees
- 0
- Location
- Hackensack, NJ
- Founding
- 07/1959
- Data as of
- 12/2022
- EIN
- 13-6061931
Organization Overview
Rudnick Foundation is located in Hackensack, NJ. The organization was established in 1959. 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. Rudnick 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, Rudnick Foundation generated $16.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $51.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Rudnick Foundation has awarded 200 individual grants totaling $263,357. 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 |
|---|---|---|---|
David L Rudnick President | 1 | $0 | |
Gail P Rudnick Vice President & CFO | 0 | $0 | |
Barbara R Murstein Secretary | 0 | $0 | |
Christopher Hagens Ass't Secretary | 0 | $0 | |
Jeffrey Rudnick Ass't Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $8,552 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,471 |
| Capital Gain Net Income | $7,471 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,027 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,125 |
| Total operating and administrative expenses | $9,125 |
| Contributions, gifts, grants paid | $42,266 |
| Total expenses and disbursements | $51,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,805 |
| 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 | $189,207 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $457,123 |
| 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 | $42,032 |
| Total liabilities | $42,032 |
Grants Awarded
Over the last fiscal year, Rudnick Foundation has awarded $42,266 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S DRUG DISCOVERY FUND PURPOSE: CHARITABLE | $200 |
ATLANTIC GOLF FOUNDATION PURPOSE: CHARITABLE | $1,000 |
BOSTON ATHENAEUM PURPOSE: CHARITABLE | $1,000 |
BRUCE & MARSHA MOSKOWITZ FOUNDATION PURPOSE: CHARITABLE | $3,000 |
JEWISH FEDERATION OF PALM BEACH COUNTY PURPOSE: CHARITABLE | $3,500 |
FRIENDS OF JCC KARAKOW PURPOSE: CHARITABLE | $326 |