Community Foundation Of New Jersey
- Assets
- $853.0m
- Revenue
- $257.9m
- Investments
- $90.8m
- Employees
- 32
- Location
- Morristown, NJ
- Founding
- 12/1985
- Data as of
- 12/2021
- EIN
- 22-2281783
Organization Overview
Community Foundation Of New Jersey is located in Morristown, NJ. The organization was established in 1985. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Community Foundation Of New Jersey employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of New Jersey 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 12/2021, Community Foundation Of New Jersey generated $257.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $118.4m during the year ending 12/2021. While expenses have increased by 12.2% per year over the past 7 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, Community Foundation Of New Jersey has awarded 10,628 individual grants totaling $586,413,685. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONNECT DONORS TO ORGANIZATIONS, PROVIDE LEADERSHIP AND SUPPORT TO DONORS, COMMUNITY ORGANIZATIONS, LEADERS AND FOUNDATIONS TO ACHIEVE THE ART OF LASTING PHILANTHROPY.
Describe the Organization's Program Activity:
SINCE 1979, THE COMMUNITY FOUNDATION OF NEW JERSEY (CFNJ) HAS BEEN A TRUSTED PARTNER IN THE STATE WORKING WITH HUNDREDS OF FAMILIES, BUSINESSES, AND FOUNDATIONS TO TURN PRIVATE RESOURCES INTO CHARITABLE FUNDS THAT BENEFIT CAUSES AND COMMUNITIES. FROM CREATIVE PROJECTS THAT TACKLE CRITICAL SOCIETAL OR POLICY ISSUES TO SCHOLARSHIP FUNDS, CORPORATE PHILANTHROPY, LEGACY FUNDS AND DONOR ADVISED FUNDS, THE COMMUNITY FOUNDATION MANAGES NEARLY EVERY KIND OF GIVING VEHICLE AND TAILORS SOLUTIONS TO MEET CRITICAL NEEDS. CFNJ MADE 8,000 INDIVIDUAL GRANTS IN 2022 TOTALING $100 MILLION. CFNJ CURRENTLY STEWARDS MORE THAN $830 MILLION IN CHARITABLE ASSETS, MAKING GRANTS TO NONPROFIT ORGANIZATIONS IN LINE WITH THE ADVICE OF ACTIVE FUNDHOLDERS OR PHILANTHROPIC GOALS OF THOSE WHO LEAVE BEQUESTS.
THE COMMUNITY FOUNDATION OF NEW JERSEY (CFNJ) SPONSORS SEVERAL SPECIAL PROJECTS EACH YEAR, OFTEN INITIATED TO ADDRESS AN URGENT OR REGION-SPECIFIC NEED. ADDITIONALLY, CFNJ CONTINUES TO BUILD ON THE WORK OF A LEGAL FELLOW WHO REPRESENTS UNACCOMPANIED IMMIGRANT CHILDREN AND TRAINS PRO BONO COUNSEL IN IMPOSSIBLY COMPLEX (AND OFTEN ADVERSARIAL) JUVENILE STATUS PROCEEDINGS. CFNJ IS ALSO NOW PART OF A BROADER FUNDER COLLABORATIVE OF LOCAL AND NATIONAL FUNDERS THAT UNDERWRITES A CONSORTIUM OF LEGAL AND IMMIGRANTS' RIGHTS ADVOCATES WORKING TO STABILIZE THE STATUS OF IMMIGRANT CHILDREN AND THEIR FAMILIES IN NEW JERSEY.
OTHER PROGRAM SERVICE EXPENSES INCLUDING SALARIES, EMPLOYEE BENEFITS AND VARIOUS OTHER EXPENSES TO CARRY OUT THE FOUNDATION'S MISSION AND PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ayo Sanderson Trustee | Trustee | 2 | $0 |
Barbara L Lawrence Trustee | Trustee | 2 | $0 |
Brendan P Dougher Trustee | Trustee | 2 | $0 |
Dawn M Lauer Trustee | Trustee | 2 | $0 |
Dennis G Wilson Trustee, Board Chair | OfficerTrustee | 2 | $0 |
Elena Richards Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benita R Miller Project Leadership To Dcf For Pfpc | 12/30/22 | $268,472 |
Community Impact Advisors Llc Grants Management, Reporting, Fund Raisi | 12/30/22 | $100,186 |
Level Fields Consulting Llc Facilitative Leadership - Newark Summer | 12/30/22 | $118,646 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $212,848 |
| Related organizations | $0 |
| Government grants | $300,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $221,314,510 |
| Noncash contributions included in lines 1a–1f | $97,021,917 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $221,827,958 |
| Total Program Service Revenue | $0 |
| Investment income | $19,239,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,845,724 |
| Net Income from Fundraising Events | -$19,093 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $257,903,592 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $98,732,606 |
| Grants and other assistance to domestic individuals. | $1,596,263 |
| Grants and other assistance to Foreign Orgs/Individuals | $541,956 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $954,363 |
| Compensation of current officers, directors, key employees. | $181,753 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,419,283 |
| Pension plan accruals and contributions | $101,316 |
| Other employee benefits | $198,141 |
| Payroll taxes | $151,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $113,411 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,728,458 |
| Fees for services: Other | $97,661 |
| Advertising and promotion | $145,193 |
| Office expenses | $259,627 |
| Information technology | $145,185 |
| Royalties | $0 |
| Occupancy | $55,911 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,711 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,279 |
| Insurance | $34,535 |
| All other expenses | $0 |
| Total functional expenses | $118,365,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,752,775 |
| Savings and temporary cash investments | $187,585,238 |
| Pledges and grants receivable | $20,439,373 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $246,432 |
| Net Land, buildings, and equipment | $250,739 |
| Investments—publicly traded securities | $550,101,209 |
| Investments—other securities | $90,760,710 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,909,108 |
| Total assets | $853,045,584 |
| Accounts payable and accrued expenses | $466,095 |
| Grants payable | $3,316,382 |
| 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 | $22,215,077 |
| Total liabilities | $25,997,554 |
| Net assets without donor restrictions | $700,699,316 |
| Net assets with donor restrictions | $126,348,714 |
| 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 | $853,045,584 |
Grants Awarded
Over the last fiscal year, Community Foundation Of New Jersey has awarded $141,938,755 in support to 1,189 organizations.
| Grant Recipient | Amount |
|---|---|
2ND HARVEST FOOD BANK OF LEHIGH VALLEY AND NEPA PURPOSE: UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $50,000 |
ABORTION LIBERATION FUND OF PA PURPOSE: UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $10,000 |
ACADEMY OF VOCAL ARTS PURPOSE: UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $50,000 |
ACTIVE PLUS PURPOSE: UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $30,000 |
ADAMS COUNTY COMMUNITY FOUNDATION PURPOSE: UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $25,000 |
ACTUARIAL FOUNDATION PURPOSE: UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $20,000 |