Michael Fux Foundation Inc
- Assets
- $190.0k
- Revenue
- $620.0k
- Investments
- $0.0
- Employees
- 0
- Location
- West Long Branch, NJ
- Founding
- 09/2006
- Data as of
- 12/2023
- EIN
- 20-4210046
Organization Overview
Michael Fux Foundation Inc is located in West Long Branch, NJ. The organization was established in 2006. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Michael Fux 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 12/2023, Michael Fux Foundation Inc generated $620.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $619.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Michael Fux Foundation Inc has awarded 100 individual grants totaling $5,075,198. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTING SICK AND UNDERPRIVILEGED CHILDREN WITH THEIR GREATEST HOLIDAY WISHES AT AN ANNUAL HOLIDAY PARTY IN AN ENVIRONMENT WHERE THE CHILDREN CAN CELEBRATE WITH FAMILY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Fux Trustee | 1 | $0 | |
Gloria Rubin Trustee | 1 | $0 | |
Michael C Fux Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $620,000 |
| Interest on Savings | $45 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $620,045 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $248,858 |
| Total operating and administrative expenses | $250,938 |
| Contributions, gifts, grants paid | $368,619 |
| Total expenses and disbursements | $619,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $169,933 |
| 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 | $11,625 |
| Prepaid expenses and deferred charges | $8,435 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $189,993 |
| Accounts payable and accrued expenses | $143,177 |
| Grants payable | $0 |
| Deferred revenue | $57,494 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,554 |
| Total liabilities | $203,225 |
Grants Awarded
Over the last fiscal year, Michael Fux Foundation Inc has awarded $368,619 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
THE HOMETOWN FOUNDATION INC PURPOSE: UNRESTRICTED CONTRIBUTION | $5,000 |
SAFE HAVEN FAMILY SHELTER PURPOSE: UNRESTRICTED CONTRIBUTION | $25,000 |
MAESTRO CARES FOUNDATION PURPOSE: UNRESTRICTED CONTRIBUTION | $27,406 |
BAPTIST HEALTH FOUNDATION PURPOSE: UNRESTRICTED CONTRIBUTION | $25,000 |
JEWISH HEALTH ORGANIZATION PURPOSE: UNRESTRICTED CONTRIBUTION | $60,000 |
COSTCO SCHOLARSHIP FUND PURPOSE: UNRESTRICTED CONTRIBUTION | $50,000 |