Raymond & Gertrude R Saltzman Foundation
- Assets
- $106.2m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Cherry Hill, NJ
- Founding
- 06/1978
- Data as of
- 12/2023
- EIN
- 22-2199368
Organization Overview
Raymond & Gertrude R Saltzman Foundation is located in Cherry Hill, NJ. The organization was established in 1978. 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. As of 12/2023, Raymond & Gertrude R Saltzman Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raymond & Gertrude R Saltzman 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 12/2023, Raymond & Gertrude R Saltzman Foundation generated $2.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $4.6m during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 9 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 2014, Raymond & Gertrude R Saltzman Foundation has awarded 166 individual grants totaling $32,825,836. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES CHARITABLE GRANTS IN ACCORDANCE WITH ITS MISSION AND GUIDELINES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS BEEN ESTABLISHED FOR CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES AS A SUPPORTING ORGANIZATION TO THE JEWISH FEDERATION OF SOUTHERN NEW JERSEY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Abramowitz President | OfficerTrustee | 7 | $0 |
Harvey Shapiro Treasurer | OfficerTrustee | 7 | $0 |
Jeff Gottlieb Trustee | Trustee | 2 | $0 |
Andi Levin Trustee | Trustee | 2 | $0 |
Betty Adler Vice President | OfficerTrustee | 2 | $0 |
Glenn Fuhrman Trustee | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $2,534,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $248,214 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,782,986 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,707,287 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $140,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,223 |
| Pension plan accruals and contributions | $4,682 |
| Other employee benefits | $0 |
| Payroll taxes | $14,811 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $170,012 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,755 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,282 |
| Travel | $5,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,930 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $29,504 |
| All other expenses | $0 |
| Total functional expenses | $4,629,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $707,809 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,232,992 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,832 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $104,218,899 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,507 |
| Total assets | $106,235,039 |
| Accounts payable and accrued expenses | $215,186 |
| Grants payable | $1,545,298 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $47,412 |
| Total liabilities | $1,807,896 |
| Net assets without donor restrictions | $104,427,143 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $106,235,039 |
Grants Awarded
Over the last fiscal year, Raymond & Gertrude R Saltzman Foundation has awarded $3,707,287 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FEDERATION OF SOUTHERN NEW JERSEY PURPOSE: GENERAL SUPPORT | $2,884,492 |
POLITZ SCHOOL PURPOSE: GENERAL SUPPORT | $230,000 |
B'NAI B'RITH YOUTH ORGANIZATION PURPOSE: GENERAL SUPPORT | $15,000 |
KELLMAN BROWN ACADEMY PURPOSE: GENERAL SUPPORT | $216,900 |
JEWISH COMMUNITY FOUNDATION INC PURPOSE: GENERAL SUPPORT | $25,000 |
FOXMAN TORAH INSTITUTE PURPOSE: GENERAL SUPPORT | $7,000 |