Bluestein Family Foundation Inc
- Assets
- $2.5m
- Revenue
- -$1.6m
- Investments
- $2.4m
- Employees
- 0
- Location
- Westwood, NJ
- Founding
- 02/1979
- Data as of
- 12/2022
- EIN
- 22-2236786
Organization Overview
Bluestein Family Foundation Inc is located in Westwood, NJ. The organization was established in 1979. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bluestein 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.
Since 2016, Bluestein Family Foundation Inc has awarded 126 individual grants totaling $2,305,500. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Bluestein President | 0.5 | $0 | |
Robert Wexler Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $68,994 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,662,372 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$1,593,376 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $6,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $610 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,994 |
| Total operating and administrative expenses | $17,104 |
| Contributions, gifts, grants paid | $175,000 |
| Total expenses and disbursements | $192,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,882 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,464,310 |
| 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, Bluestein Family Foundation Inc has awarded $175,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN SUSTAINABLE BUSINESS NETWORK PURPOSE: CHARITABLE | $5,000 |
BATONGA FOUNDATION PURPOSE: CHARITABLE | $10,000 |
EARTH CELEBREATIONS INC PURPOSE: CHARITABLE | $5,000 |
GOOD NEWS CORPORATION PURPOSE: CHARITABLE | $15,000 |
MAVERICK CONCERTS INC PURPOSE: CHARITABLE | $10,000 |
MUSIC MASTER COLLECTIVE INC PURPOSE: CHARITABLE | $25,000 |