Isermann Family Foundation
- Assets
- $6.8m
- Revenue
- $991.3k
- Investments
- $6.0m
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 07/1985
- Data as of
- 12/2021
- EIN
- 22-2615361
Organization Overview
Isermann Family Foundation is located in Morristown, NJ. The organization was established in 1985. 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. Isermann Family 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 12/2021, Isermann Family Foundation generated $991.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $767.4k during the year ending 12/2021. While expenses have increased by 5.2% 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 2016, Isermann Family Foundation has awarded 181 individual grants totaling $4,124,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene R Korf Secy. | 1 | $10,000 | |
Scott Korf Trustee | 1 | $10,000 | |
Neil Korf Trustee | 1 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18 |
| Dividends & Interest | $111,570 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $879,723 |
| Capital Gain Net Income | $879,723 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $991,311 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $332 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45,678 |
| Total operating and administrative expenses | $89,387 |
| Contributions, gifts, grants paid | $678,000 |
| Total expenses and disbursements | $767,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $802,624 |
| 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 | $6,807,457 |
| 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, Isermann Family Foundation has awarded $678,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: GENERAL CHARITABLE SUPPORT | $100,000 |
Troy, NY PURPOSE: CAPITAL CAMPAIGN | $100,000 |
Sarasota, FL PURPOSE: GENERAL CHARITABLE SUPPORT | $50,000 |
MIAMI FOUNDATION (MARLINS DONOR ADVISED FUND) PURPOSE: GENERAL CHARITABLE SUPPORT | $25,000 |
NEMOURS FUND FOR CHILDRENS HEALTH PURPOSE: GENERAL CHARITABLE SUPPORT | $25,000 |
MIAMI DOLPHINS FOUNDATION PURPOSE: GENERAL CHARITABLE SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |