Investors Charitable Foundation
- Assets
- $14.3m
- Revenue
- $16.3m
- Investments
- $11.9m
- Employees
- 0
- Location
- Summit, NJ
- Founding
- 08/2006
- Data as of
- 06/2022
- EIN
- 20-3743857
Organization Overview
Investors Charitable Foundation is located in Summit, NJ. The organization was established in 2006. 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. Investors Charitable 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 06/2022, Investors Charitable Foundation generated $16.3m in total revenue. All expenses for the organization totaled $22.5m during the year ending 06/2022. While expenses have increased by 61.8% per year over the past 3 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 2021, Investors Charitable Foundation has awarded 1,438 individual grants totaling $24,433,118. 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 |
|---|---|---|---|
Robert M Cashill Director/president | 0.5 | $10,000 | |
Kevin Cummings Dir./vp & Treasurer | 0.5 | $0 | |
Vincent D Manahan III Director | 0.5 | $10,000 | |
William A Tansey III Director | 0.75 | $10,000 | |
Domenick Cama Director | 0.5 | $0 | |
James Garibaldi Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,283 |
| Dividends & Interest | $1,725,581 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,661,101 |
| Capital Gain Net Income | $2,661,101 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,953,621 |
| Total Revenue | $16,348,586 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $186,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,873 |
| Depreciation | $0 |
| Occupancy | $4,800 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,723 |
| Total operating and administrative expenses | $363,070 |
| Contributions, gifts, grants paid | $22,113,446 |
| Total expenses and disbursements | $22,476,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,348,489 |
| Savings and temporary cash investments | $45,665 |
| 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 | $14,315,421 |
| 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, Investors Charitable Foundation has awarded $22,113,446 in support to 882 organizations.
| Grant Recipient | Amount |
|---|---|
ALL STARS PROJECT INC PURPOSE: GENERAL SUPPORT | $15,000 |
ALL THINGS HOME CARE INC PURPOSE: GENERAL SUPPORT | $1,000 |
AKSHAR XI CRICKET CLUB INC PURPOSE: GENERAL SUPPORT | $3,000 |
AMERICAN RED CROSS NEW JERSEY REGION PURPOSE: GENERAL SUPPORT | $7,500 |
AKHIL AUTISM FOUNDATION PURPOSE: GENERAL SUPPORT | $2,500 |
ALS HOPE FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000 |