Louis And Harold Price Foundation Inc
- Assets
- $74.4m
- Revenue
- $2.8m
- Investments
- $72.2m
- Employees
- 0
- Location
- Woodbridge, NJ
- Founding
- 03/1952
- Data as of
- 12/2022
- EIN
- 13-6121358
Organization Overview
Louis And Harold Price Foundation Inc is located in Woodbridge, NJ. The organization was established in 1952. 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. Louis And Harold Price 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, Louis And Harold Price Foundation Inc generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Louis And Harold Price Foundation Inc has awarded 834 individual grants totaling $38,626,570. 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 |
|---|---|---|---|
Al Osborne Jr PHD Trustee | 0.15 | $0 | |
Bonnie Vitti President & Trustee | 8 | $0 | |
George Asch Trustee | 0.15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bessemer Trust | 12/30/20 | $360,621 |
Katten | 12/30/20 | $77,320 |
Bessemer Trust | 12/30/20 | $0 |
Cecilia Solorzano | 12/30/20 | $68,865 |
Cecilia Solorzano | 12/30/20 | $0 |
Katten | 12/30/20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $290,189 |
| Dividends & Interest | $1,155,881 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,821 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,347,105 |
| Total Revenue | $2,775,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33,587 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $24,823 |
| Printing and publications | $0 |
| Other expenses | $125,691 |
| Total operating and administrative expenses | $749,762 |
| Contributions, gifts, grants paid | $4,104,868 |
| Total expenses and disbursements | $4,854,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,775 |
| Savings and temporary cash investments | $2,147,094 |
| 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 | $4,555,862 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,487 |
| Total assets | $74,361,758 |
| 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, Louis And Harold Price Foundation Inc has awarded $10,909,868 in support to 106 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS AFTERSCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
AMERICAN JEWISH WORLD SERVICE PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
ALZHEIMER'S DISEASE AND RELATED DISORDERS PURPOSE: IN MEMORY OF ROSEMARY GUIDONE | $50,000 |
AMERICARES FOUNDATION INC PURPOSE: APRIL 2022 GRANT - UKRAINE | $10,000 |
AMERICAN FRIENDS OF SHAARE ZEDEK MEDICAL PURPOSE: APRIL 2022 GRANTS - GENERAL OPERATING SUPPORT | $5,000 |
ANTI-DEFAMATION LEAGUE - NATIONAL PURPOSE: GENERAL OPERATING SUPPORT | $55,000 |