The Holt Family Foundation
- Assets
- $17.0m
- Revenue
- $1.6m
- Investments
- $15.4m
- Employees
- 0
- Location
- Hackensack, NJ
- Founding
- 05/2006
- Data as of
- 12/2022
- 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 12/2022, Holt Family Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $901.9k during the year ending 12/2022. While expenses have increased by 17.6% per year over the past 7 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 102 individual grants totaling $2,689,520. 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
2022
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 PROVIDES GRANTS TO ORGANIZATIONS THAT SUPPORT LOCAL COMMUNITY AND ENVIRONMENTAL. IT ALSO PROVIDES EDUCATIONAL GRANTS THROUGH QUALIFIED MUSEUM PROGRAMS.
THE HOLT FAMILY FOUNDATION PROVIDES 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. THE FOUNDATION MAY ALSO PROVIDE ASSISTANCE TO OTHER INDIVIDUALS ON THE BASIS OF MERIT, HARDSHIP, PHYSICAL OR MENTAL HEALTH NEEDS AND TO QUALIFIED ORGANIZATIONS THAT IN ITS JUDGEMENT , FALL WITHIN THE PUBLIC HEALTH, EDUCATION AND COMMUNITY OUTREACH OF ITS POLICY GUIDELINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory F Holt Director | 30 | $0 | |
Lauren Holt Executive Director | 37.5 | $85,000 | |
Stephen Morganstern Treasurer | 10 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,085,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $350,752 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $141,917 |
| Capital Gain Net Income | $141,917 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28,432 |
| Total Revenue | $1,606,101 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $105,000 |
| Other employee salaries and wages | $66,000 |
| Pension plans, employee benefits | $31,201 |
| Interest | $0 |
| Taxes | $34,689 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $166,644 |
| Total operating and administrative expenses | $423,696 |
| Contributions, gifts, grants paid | $478,161 |
| Total expenses and disbursements | $901,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $530,936 |
| 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 | $12,616,017 |
| Net Land, buildings, and equipment | $1,070,000 |
| Other assets | $0 |
| Total assets | $17,040,212 |
| Accounts payable and accrued expenses | $6,332 |
| 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 | $6,332 |
Grants Awarded
Over the last fiscal year, The Holt Family Foundation has awarded $478,161 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ECOLE CLASSIQUE PURPOSE: TUITION ASSISTANCE | $7,500 |
KID SMART-ROOT REACH CAMPAIGN PURPOSE: COMMUNITY OUTREACH | $10,000 |
JACKSONVILLE SCIENCE FESTIVAL PURPOSE: COMMUNITY OUTREACH | $10,000 |
LCM-LOUISANA CHILDREN'S MUSEUM PURPOSE: COMMUNITY OUTREACH | $11,500 |
MAKE MUSIC NOLA PURPOSE: COMMUNITY OUTREACH | $5,000 |
NOCCA INSTITUTE PURPOSE: COMMUNITY OUTREACH | $60,000 |