Minerva Foundation Inc
- Assets
- $10.3m
- Revenue
- -$822.9k
- Investments
- $10.0m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 11/2006
- Data as of
- 10/2023
- EIN
- 20-1836334
Organization Overview
Minerva Foundation Inc is located in Pennington, NJ. The organization was established in 2006. According to its NTEE Classification (H19) the organization is classified as: Support N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minerva 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.
Since 2020, Minerva Foundation Inc has awarded 39 individual grants totaling $1,742,997. 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 |
|---|---|---|---|
Kristie Miller President | 1 | $0 | |
Dr W Sanderson Twaddell Trustee | 1 | $0 | |
Ellen Johnson Twaddell Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $245,974 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,368,917 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$822,943 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $15,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $46,975 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $132,146 |
| Contributions, gifts, grants paid | $474,165 |
| Total expenses and disbursements | $606,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4 |
| Savings and temporary cash investments | $262,213 |
| 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 | $9,996,462 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,258,679 |
| 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, Minerva Foundation Inc has awarded $474,165 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
WOODWELL CLIMATE RESEARCH CENTER PURPOSE: UNRESTRICTED GENERAL | $20,000 |
NEW URBAN ARTS PURPOSE: UNRESTRICTED GENERAL | $10,000 |
PLANNED PARENTHOOD FEDERATION PURPOSE: UNRESTRICTED GENERAL | $50,000 |
MEDECINS SANS FRONTIERS USA INC PURPOSE: UNRESTRICTED GENERAL | $63,052 |
826NYC INC PURPOSE: UNRESTRICTED GENERAL | $10,000 |
FUND FOR CONSTITUTIONAL GOVT PURPOSE: UNRESTRICTED GENERAL | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wills Eye Ophthalmology Clinic Inc Philadelphia, PA | $6,748,089 | $31,394,262 |
Galien Foundation Inc New York, NY | $4,006,195 | $2,579,155 |
Minerva Foundation Inc Pennington, NJ | $10,258,679 | -$822,943 |
Zebrafish Disease Models Society Clifton Park, NY | $244,609 | $213,629 |
International Thymic Malignancy Interest Group Sleepy Hollow, NY | $0 | $0 |
Renemarie Language Of Love Foundation Inc Hawthorne, NJ | $14,485 | $0 |
Santhigram Foundation A Nj Nonprofit Corporation Edison, NJ | $1,737 | $17,000 |
Angels For Alyssa Elliottsburg, PA | $60,623 | $0 |
Alexanders Angels Inc Jericho, NY | $40,459 | $0 |
Nathaniel Adamczyk Foundation Philadelphia, PA | $232,014 | $5,250 |
Rylies Smile Foundation Inc Rehoboth Beach, DE | $2,309 | $14,406 |
Puzzle Solvers Cortland, NY | $23,736 | $0 |
N Y Academy Of Medicine Ttee 124538 New York, NY | $150,931 | $1,961 |
Wong & Sun Family Foundation Glen Head, NY | $13,802 | $0 |