Philip J Solondz Family Foundation
- Assets
- $6.4m
- Revenue
- $514.6k
- Investments
- $6.1m
- Employees
- 0
- Location
- Millburn, NJ
- Founding
- 08/1991
- Data as of
- 12/2023
- EIN
- 22-3048830
Organization Overview
Philip J Solondz Family Foundation is located in Millburn, NJ. The organization was established in 1991. 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. Philip J Solondz 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 12/2023, Philip J Solondz Family Foundation generated $514.6k 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 (11.4%) each year. All expenses for the organization totaled $515.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Philip J Solondz Family Foundation has awarded 197 individual grants totaling $3,052,460. 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 |
|---|---|---|---|
Leonard Solondz Trustee/administrator | 25 | $157,248 | |
Philip J Solondz Outgoing Trustee/administrator | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,197 |
| Dividends & Interest | $163,026 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $340,388 |
| Capital Gain Net Income | $340,388 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $514,611 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $157,248 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,938 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $224,120 |
| Contributions, gifts, grants paid | $291,561 |
| Total expenses and disbursements | $515,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,343 |
| Savings and temporary cash investments | $210,567 |
| 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 | $5,341 |
| Total assets | $6,420,556 |
| 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, Philip J Solondz Family Foundation has awarded $291,561 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU OF NY PURPOSE: UNRESTRICTED GRANT TO SUPPORT ORGANIZATOINS CHARITABLE PURPOSE | $25,000 |
AMERICAN FRIENDS OF NEOT KEDUMIM PURPOSE: UNRESTRICTED GRANT TO SUPPORT ORGANIZATOINS CHARITABLE PURPOSE | $5,000 |
BOCA RATON REGIONAL HOSPITAL PURPOSE: UNRESTRICTED GRANT TO SUPPORT ORGANIZATOINS CHARITABLE PURPOSE | $20,000 |
CHABAD OF NORTHWEST NEW JERSEY PURPOSE: UNRESTRICTED GRANT TO SUPPORT ORGANIZATOINS CHARITABLE PURPOSE | $25,000 |
FRIENDS OF THE ISRAEL DEFENSE FORCES PURPOSE: UNRESTRICTED GRANT TO SUPPORT ORGANIZATOINS CHARITABLE PURPOSE | $20,000 |
GREENWICH HOUSE INC PURPOSE: THE POTTERY | $25,000 |