Terplan Family Foundation Inc
- Assets
- $7.5k
- Revenue
- $21.9k
- Investments
- $7.5k
- Employees
- 0
- Location
- Hackensack, NJ
- Founding
- 07/2001
- Data as of
- 12/2023
- EIN
- 22-3789231
Organization Overview
Terplan Family Foundation Inc is located in Hackensack, NJ. The organization was established in 2001. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Terplan 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, Terplan Family Foundation Inc generated $21.9k 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 (4.6%) each year. All expenses for the organization totaled $45.1k 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
TO ENGAGE IN THE MAKING OF GRANTS & SCHOLARSHIPS TO WORTHY HUNGARIAN STUDENTS WHO WISH TO STUDY SUBJECTS IN THE ARTS & SCIENCES AT COLLEGES, UNIVERSITIES & POST SECONDARY EDUCATIONAL PROGRAMS IN THE UNITED STATES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kornel Terplan Pres/director | 0 | $0 | |
Terezia Terplan Director | 0 | $0 | |
Krisztina J Rosch Director | 0 | $0 | |
Kornelia Terplan Treas/director | 0 | $2,500 | |
Tamas Vass Director | 0 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,896 |
| Interest on Savings | $0 |
| 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 | $21,896 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $8,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,896 |
| Total operating and administrative expenses | $34,146 |
| Contributions, gifts, grants paid | $11,000 |
| Total expenses and disbursements | $45,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $7,484 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,484 |
| Accounts payable and accrued expenses | $54,290 |
| 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 | $54,290 |
Grants Awarded
Over the last fiscal year, Terplan Family Foundation Inc has awarded $11,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DOMOKOS PURPOSE: TUITION HOUSING | $1,500 |
GEORG KICHNOPF PURPOSE: TUITION HOUSING | $4,500 |
ANGELICA ROSIK PURPOSE: TUITION HOUSING | $1,000 |
VALERIE TOTH PURPOSE: TUITION HOUSING | $1,500 |
SYLVIA TOTH PURPOSE: TUITION HOUSING | $1,500 |
MARIANN GROSCH PURPOSE: TUITION HOUSING | $1,000 |