David & Sondra Family Foundation Inc
- Assets
- $17.2m
- Revenue
- $3.8m
- Investments
- $15.5m
- Employees
- 0
- Location
- Fort Lee, NJ
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 22-3632663
Organization Overview
David & Sondra Family Foundation Inc is located in Fort Lee, NJ. The organization was established in 2003. 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. David & Sondra Family 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, David & Sondra Family Foundation Inc generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, David & Sondra Family Foundation Inc has awarded 293 individual grants totaling $8,028,901. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,500,000 |
| Interest on Savings | $16,547 |
| Dividends & Interest | $2,034 |
| Net Rental Income | -$167,109 |
| Net Gain on Sale of Assets | $5,492 |
| Capital Gain Net Income | $5,492 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,241,378 |
| Total Revenue | $3,832,153 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $242,878 |
| Total operating and administrative expenses | $242,878 |
| Contributions, gifts, grants paid | $3,509,812 |
| Total expenses and disbursements | $3,752,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,642,578 |
| Savings and temporary cash investments | $0 |
| 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 | $15,512,745 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,155,323 |
| 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 | $654,359 |
| Total liabilities | $654,359 |
Grants Awarded
Over the last fiscal year, David & Sondra Family Foundation Inc has awarded $3,509,812 in support to 159 organizations.
| Grant Recipient | Amount |
|---|---|
28 PRECINCT COMMUNITY PURPOSE: EXEMPT PURPOSE | $1,000 |
ALBERT EINSTEIN COLLEGE PURPOSE: EXEMPT PURPOSE | $1,500 |
ALERT FIRE COMPANY PURPOSE: EXEMPT PURPOSE | $250 |
ALZHEIMER'S DRUG DISCOVERY PURPOSE: EXEMPT PURPOSE | $5,000 |
AMERICAN FRIENDS PURPOSE: EXEMPT PURPOSE | $22,000 |
AMERICAN HEART ASSOCIATION PURPOSE: EXEMPT PURPOSE | $5,000 |