Polonsky Brothers Foundation
- Assets
- $0.0
- Revenue
- $1.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westfield, NJ
- Founding
- Data as of
- 12/2016
- EIN
- 13-6169593
Organization Overview
Polonsky Brothers Foundation is located in Westfield, NJ.
For the year ending 12/2016, Polonsky Brothers Foundation generated $1.0 in total revenue. All expenses for the organization totaled $2.8k during the year ending 12/2016.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2016
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ASSISTS AND ENCOURAGES DISADVANTAGED YOUTH TO ATTEND PRE-COLLEGE ENRICHMENT PROGRAMS IN ORDER TO INCREASE THE LIKELIHOOD THAT THEY WILL PURSUE A COLLEGE EDUCATION AND THEREBY ACHIEVE A BREAK IN THE CYCLE OF POVERTY. THIS IS ACHEIVED IN LARGE PART THROUGH AN ON-SITE AFTER SCHOOL PROGRAM FOR STUDENTS AT PLAINFIELD HIGH SCHOOL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Polonsky Director | 0.5 | $0 | |
Leonard Polonsky Director | 0.5 | $0 | |
Elba Galvan Director | 0.5 | $0 | |
Amy Lloyd Director | 0.5 | $0 | |
John Johnson Director | 0.5 | $0 | |
Andrea Taylor Executive Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,800 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Polonsky Brothers Foundation has awarded $2,400 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UGONNA AMECHI PURPOSE: SCHOLARSHIP | $400 |
MARILYN DUVERGE PURPOSE: SCHOLARSHIP | $400 |
IVORY FENNEL PURPOSE: SCHOLARSHIP | $400 |
PAULA OCAMPO PURPOSE: SCHOLARSHIP | $400 |
KRYSTEN MCNAUGHT PURPOSE: SCHOLARSHIP | $400 |
ASHLEY BAILEY PURPOSE: SCHOLARSHIP | $400 |