Paula And Jerry Gottesman Family Supporting Foundation Inc
- Assets
- $103.9m
- Revenue
- $11.5m
- Investments
- $102.5m
- Employees
- 0
- Location
- Whippany, NJ
- Founding
- 09/1990
- Data as of
- 06/2021
- EIN
- 22-3056144
Organization Overview
Paula And Jerry Gottesman Family Supporting Foundation Inc is located in Whippany, NJ. The organization was established in 1990. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Paula And Jerry Gottesman Family Supporting 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.
For the year ending 06/2021, Paula And Jerry Gottesman Family Supporting Foundation Inc generated $11.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $11.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Paula And Jerry Gottesman Family Supporting Foundation Inc has awarded 135 individual grants totaling $71,951,024. 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
THE ORGANIZATION IS A SUPPORTING FOUNDATION WHICH MAKES GRANTS TO CARRY OUT THE PURPOSES OF THE JEWISH COMMUNITY FOUNDATION OF GREATER METROWEST NJ, INC.
Describe the Organization's Program Activity:
THE FOUNDATION IS A SUPPORTING FOUNDATION WHICH MADE GRANTS TO CARRY OUT THE PURPOSES OF THE JEWISH COMMUNITY FOUNDATION OF GREATER METROWEST NJ, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Rabner Secretary/treasurer | OfficerTrustee | 1 | $0 |
Paula Gottesman President/trustee | OfficerTrustee | 1 | $0 |
Dov Ben-Shimon Trustee | Trustee | 1 | $0 |
Archie Gottesman Trustee | Trustee | 1 | $0 |
Jane Gottesman Trustee | Trustee | 1 | $0 |
Bruce Shoulson Trustee | Trustee | 1 | $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 | $7,206,263 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,206,263 |
| Total Program Service Revenue | $0 |
| Investment income | $4,328,703 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,534,966 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,406,759 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,059 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $122,672 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $883 |
| Total functional expenses | $11,532,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $638,909 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $102,480,116 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $800,000 |
| Total assets | $103,919,025 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $36,394,771 |
| 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 | $0 |
| Total liabilities | $36,394,771 |
| Net assets without donor restrictions | $67,524,254 |
| 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 | $103,919,025 |
Grants Awarded
Over the last fiscal year, Paula And Jerry Gottesman Family Supporting Foundation Inc has awarded $11,406,759 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Whippany, NJ PURPOSE: GENERAL SUPPORT | $6,910,759 |
Elizabeth, NJ PURPOSE: General support | $1,850,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $1,500,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $500,000 |
Washington, DC PURPOSE: General Support | $150,000 |
Boston, MA PURPOSE: General Support | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Paula And Jerry Gottesman Family Supporting Foundation Inc has recieved totaling $65,000.
| Awarding Organization | Amount |
|---|---|
Jewish Community Federation Of S F Marin Peninsula & Sonoma Counties San Francisco, CA PURPOSE: PUBLIC/SOCIETY BENEFIT | $65,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Paula And Jerry Gottesman Family Supporting Foundation Inc Whippany, NJ | $103,919,025 | $11,534,966 |
The Jimmy And Berta Khezrie Charitable Foundation Long Branch, NJ | $561,838 | $13,044 |
Garnet Health Urgent Care P C Middletown, NY | $2,667,409 | $6,635,976 |
The Harry Halloran Jr Charitable Trust Philadelphia, PA | $26,412,399 | $8,412,088 |
Serv Properties And Management Inc Ewing, NJ | $27,477,154 | $8,087,563 |
American Friends Of Sfath Emeth Yeshiva Brooklyn, NY | $187,158 | $4,689,874 |
Rodel Charitable Foundation De Wilmington, DE | $15,413,230 | $5,493,740 |
Dbs Foundation Holdings Harrisburg, PA | $361,345 | $2,360,629 |
Endeavor Catalyst Inc New York, NY | $43,515,212 | $32,419,265 |
Christian Health Care Center Foundation Inc Wyckoff, NJ | $4,956,233 | $3,913,084 |
Helena Devereux Foundation Villanova, PA | $208,303,000 | $15,868,103 |
Ncf Supporting Organization Wilmington, DE | $1,802,740 | $4,444,698 |