Joel Opatut Family Foundation Inc
- Assets
- $9.0k
- Revenue
- $15.0
- Investments
- $0.0
- Employees
- 0
- Location
- Long Branch, NJ
- Founding
- 04/2001
- Data as of
- 12/2023
- EIN
- 22-3774080
Organization Overview
Joel Opatut Family Foundation Inc is located in Long Branch, NJ. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Joel Opatut 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 12/2023, Joel Opatut Family Foundation Inc generated $15.0 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 (9.0%) each year. All expenses for the organization totaled $2.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE - THE FOUNDATION MAKES CONTRIBUTIONS TO PRE-SELECTED CHARITABLE ORGANIZATIONS ENGAGED IN DIRECT CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abraham Opatut President | 0 | $0 | |
Arlene Hammer Vice President | 0 | $0 | |
Toby Rofsky Sec./treas. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15 |
| Dividends & Interest | $0 |
| 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 | $15 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $2,000 |
| Total expenses and disbursements | $2,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,002 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,002 |
| 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 | $9 |
| Total liabilities | $9 |
Grants Awarded
Over the last fiscal year, Joel Opatut Family Foundation Inc has awarded $5,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF TORAH BEYISRAEL PURPOSE: EDUCATION OF NEEDY CHILDREN | $500 |
JEWISH HERITAGE MUSEUM PURPOSE: MAINTAIN JEWISH HERITAGE | $1,500 |
SPECIAL STRIDES PURPOSE: THERAPY FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES | $750 |
AMERICAN FRIENDS OF TORAH BEYISRAEL PURPOSE: EDUCATION OF NEEDY CHILDREN | $500 |
JEWISH HERITAGE MUSEUM PURPOSE: MAINTAIN JEWISH HERITAGE | $1,500 |
SPECIAL STRIDES PURPOSE: THERAPY FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES | $750 |