Binn Family Foundation Inc
- Assets
- $341.8k
- Revenue
- $12.9k
- Investments
- $328.1k
- Employees
- 0
- Location
- Iselin, NJ
- Founding
- 11/1999
- Data as of
- 05/2024
- EIN
- 22-3671340
Organization Overview
Binn Family Foundation Inc is located in Iselin, NJ. The organization was established in 1999. According to its NTEE Classification (T30) the organization is classified as: Public 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. Binn 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 05/2024, Binn Family Foundation Inc generated $12.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $20.1k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Binn Family Foundation Inc has awarded 14 individual grants totaling $137,000. 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 |
|---|---|---|---|
Moreton Binn President | 0 | $0 | |
Jeffrey N Binstock Vice President | 0 | $0 | |
Jason Binn Vice President | 0 | $0 | |
Jonathan P Binstock Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,851 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,851 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $124 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $124 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $20,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,705 |
| 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 | $341,769 |
| 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, Binn Family Foundation Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GOD'S LOVE WE DELIVER PURPOSE: TO PROVIDE FUNDING TO IMPROVE THE HEALTH AND WELL-BEING OF PEOPLE LIVING WITH AIDS AND OTHER SERIOUS ILLNESSES. THE ORGANIZATION PROVIDES HIGH QUALITY HEALTHY MEALS AND NUTRITION EDUCATION AND COUNSELING IN THE FIVE BOROUGHS OF NEW YORK CITY AND IN HUDSON COUNTY, NEW JERSEY. | $16,000 |
MEMORIAL ART GALLERY PURPOSE: TO PROVIDE FUNDING TO SUPPORT THE MUSEUM WHICH THROUGH ART, MAG CONNECTS PEOPLE, INSPIRES FUN, AND IGNITES DISCOVERY. AS THE CENTER OF THE CONVERSATION ON CREATIVITY, MAG BUILDS COMMUNITY AND ENRICHES THE WAY WE SEE OURSELVES AND THE WORLD AROUND US. MAG STANDS FOR: ART AND CULTURE; LEARNING AND JOY; ACCESSIBILITY AND INSPIRATION; STEWARDSHIP AND INTEGRITY; AND COMMUNITY AND SOCIABILITY. MAG OFFERS SPACES, PLACES, AND OPPORTUNITIES FOR LEARNING AND FUN, AND CARES FOR, INTERPRETS, AND SHARES ART FROM ANCIENT TIMES TO THE PRESENT. | $4,000 |