Edmund G Taussig And Frances Kath Taussig Foundation Inc
- Assets
- $301.6k
- Revenue
- $39.4k
- Investments
- $298.6k
- Employees
- 0
- Location
- Bedminster, NJ
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 22-3552982
Organization Overview
Edmund G Taussig And Frances Kath Taussig Foundation Inc is located in Bedminster, NJ. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Edmund G Taussig And Frances Kath Taussig 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 12/2022, Edmund G Taussig And Frances Kath Taussig Foundation Inc generated $39.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $41.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Cosentino Co-Trustee | 4 | $0 | |
Dennis Taussig Co-Trustee | 4 | $0 | |
Karyl Taussig Co-Trustee | 4 | $0 | |
Frances K Taussig Co-Trustee | 4 | $0 | |
Catherine Denning Co-Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,612 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,792 |
| Capital Gain Net Income | $9,792 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,404 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $482 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,531 |
| Total operating and administrative expenses | $7,898 |
| Contributions, gifts, grants paid | $33,960 |
| Total expenses and disbursements | $41,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,036 |
| 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 | $298,607 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $301,643 |
| 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, Edmund G Taussig And Frances Kath Taussig Foundation Inc has awarded $33,960 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
HUNTERS HELPING THE HUNGRY INC PURPOSE: GENERAL SUPPORT | $2,000 |
ARC OF SOMERSET COUNTY PURPOSE: GENERAL SUPPORT | $1,000 |
THE RAPTOR TRUST PURPOSE: GENERAL SUPPORT | $5,000 |
ST HUBERT'S GIRALDA PURPOSE: GENERAL SUPPORT | $500 |
TABBY'S PLACE PURPOSE: GENERAL SUPPORT | $2,000 |
THE SALVATION ARMY - NJ FUND PURPOSE: GENERAL SUPPORT | $1,000 |