The Holt Family Foundation
- Assets
- $18.9m
- Revenue
- $2.5m
- Investments
- $17.8m
- Employees
- 0
- Location
- Hackensack, NJ
- Founding
- 05/2006
- Data as of
- 12/2021
- EIN
- 20-3478127
Organization Overview
The Holt Family Foundation is located in Hackensack, NJ. The organization was established in 2006. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holt Family 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 12/2021, Holt Family Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $918.3k during the year ending 12/2021. While expenses have increased by 21.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Holt Family Foundation has awarded 90 individual grants totaling $2,211,359. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOLT FAMILY FOUNDATION ESTABLISHED A SCHOLARSHIP PROGRAM WHICH ASSISTS QUALIFIED STUDENTS RESIDING IN PLAQUEMINES, ORLEANS, JEFFERSON AND OTHER PARISHES IN LOUISIANA. THE COLLEGE SCHOLARSHIP IS A PROGRAM DESIGNED TO ASSIST RESIDENTS OF LOUISIANA WHO PLAN TO CONTINUE THEIR EDUCATION IN COLLEGE.THIS PROGRAM IS ADMINISTERED BY SCHOLARSHIP AMERICA, THE NATION'S LARGEST DESIGNER AND MANAGER OF SCHOLARSHIP, TUITION ASSISTANCE AND OTHER EDUCATION SUPPORT PROGRAMS FOR CORPORATIONS, FOUNDATIONS, ASSOCIATIONS, AND INDIVIDUALS. AWARDS ARE GRANTED WITHOUT REGARD TO RACE, COLOR, CREED, RELIGION, SEXUAL ORIENTATION, AGE, GENDER, DISABILITY, OR NATIONAL ORIGIN.STUDENTS MUST HAVE A MIN 2.5 GPA AND DEMONSTRATE FINANCIAL NEED.
THE HOLT FAMILY FOUNDATION PROVIDED GRANTS TO ORGANIZATIONS THAT SUPPORT LOCAL COMMUNITY AND ENVIRONMENTAL. IT ALSO PROVIDES EDUCATIONAL GRANTS THROUGH QUALIFIED MUSEUM PROGRAMS.
THE HOLT FAMILY FOUNDATION PROVIDED TUITION & HOUSING ASSISTANCE TO STUDENTS WHO SUFFERED ECONOMIC HARDSHIP DUE TO NATURAL AND OTHER ECONOMIC DISASTERS. THE HOLT FAMILY FOUNDATION PAID THE TUITION & HOUSING ASSISTANCE ON BEHALF OF THESE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Holt Executive Director | 37.5 | $85,000 | |
Stephen Morganstern Treasurer | 10 | $20,000 | |
Gregory F Holt Director | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $348,823 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,134,643 |
| Capital Gain Net Income | $1,134,643 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,519 |
| Total Revenue | $2,498,985 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $105,000 |
| Other employee salaries and wages | $66,000 |
| Pension plans, employee benefits | $51,550 |
| Interest | $0 |
| Taxes | $25,473 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $184,851 |
| Total operating and administrative expenses | $444,392 |
| Contributions, gifts, grants paid | $473,905 |
| Total expenses and disbursements | $918,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,166,454 |
| 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 | $14,568,342 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,929,359 |
| Accounts payable and accrued expenses | $9,811 |
| 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 | $9,811 |
Grants Awarded
Over the last fiscal year, The Holt Family Foundation has awarded $473,905 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: SCHOLARSHIP PROGRAM | $324,910 |
NOCCA INSTITUTE PURPOSE: COMMUNITY OUTREACH | $60,000 |
PAIDEIA MONTESSORI SCHOOL INC PURPOSE: TUITION ASSISTANCE | $19,995 |
New Orleans, LA PURPOSE: COMMUNITY OUTREACH | $15,000 |
KID SMART-ROOT REACH CAMPAIGN PURPOSE: COMMUNITY OUTREACH | $7,500 |
New Orleans, LA PURPOSE: COMMUNITY OUTREACH | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Breast Cancer Research Foundation Inc New York, NY | $129,940,554 | $84,528,969 |
Icna Relief Usa Programs Inc New Hyde Park, NY | $18,153,068 | $43,044,954 |
New York Disaster Interfaith Services Inc New York, NY | $1,215,905 | $3,973,628 |
New Jersey Emergency Medical Services Task Force Support Group Neptune, NJ | $1,607,746 | $6,008,506 |
Northwest Emergency Medical Services Inc Elizabethtown, PA | $7,341,931 | $4,423,978 |
The Cantor Fitzgerald Relief Fund New York, NY | $15,461,041 | $7,931,714 |
Order Of Malta Worldwide Relief Malteser International Americas New York, NY | $6,306,407 | $9,070,949 |
Foot Locker Foundation Inc New York, NY | $2,631,002 | $5,090,961 |
Hatzolah Emergency Medical Services Inc Lakewood, NJ | $8,708,564 | $5,878,916 |
Haiti Air Ambulance Service Inc Melville, NY | $5,771,221 | $4,102,528 |
Hatzalah Of The Rockaways & Nassau County Inc Far Rockaway, NY | $8,706,144 | $4,943,822 |
Tuesdays Children Manhasset, NY | $2,126,606 | $3,255,466 |