Tycher Family Foundation Inc
- Assets
- $531.9k
- Revenue
- $34.4k
- Investments
- $469.5k
- Employees
- 0
- Location
- Roseland, NJ
- Founding
- 12/2005
- Data as of
- 12/2022
- EIN
- 20-3778116
Organization Overview
Tycher Family Foundation Inc is located in Roseland, NJ. The organization was established in 2005. 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. Tycher Family 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.
For the year ending 12/2022, Tycher Family Foundation Inc generated $34.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $70.4k during the year ending 12/2022. While expenses have increased by 12.1% per year over the past 8 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,321 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,365 |
| Capital Gain Net Income | $7,365 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,678 |
| Total Revenue | $34,364 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6,436 |
| Taxes | $3,611 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,284 |
| Total operating and administrative expenses | $27,390 |
| Contributions, gifts, grants paid | $43,000 |
| Total expenses and disbursements | $70,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,408 |
| 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 | $469,521 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $531,929 |
| 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, Tycher Family Foundation Inc has awarded $43,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI PURPOSE: CHARITABLE CONTRIBUTION | $2,500 |
MOUNT SINAI HEALTH SYSTEM PURPOSE: CHARITABLE CONTRIBUTION | $1,500 |
BROADWAY DREAMS FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |
UJA FEDERATION OF NEW YORK PURPOSE: CHARITABLE CONTRIBUTION | $31,000 |
18BYVOTE PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |