The Glasser Foundation Inc
- Assets
- $8.6m
- Revenue
- $417.0k
- Investments
- $5.0m
- Employees
- 0
- Location
- Garwood, NJ
- Founding
- 03/2002
- Data as of
- 12/2023
- EIN
- 22-3838044
Organization Overview
The Glasser Foundation Inc is located in Garwood, NJ. The organization was established in 2002. 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. Glasser 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, Glasser Foundation Inc generated $417.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $568.3k 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
ORGANIZATION PROVIDES GRANTS AND FINANCIAL SUPPORT TO QUALIFYING NONPROFIT ORGANIZATIONS AND ENTITIES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marjorie Ticknor Board Director | 2 | $0 | |
Marlene Glasser Board Director | 1 | $0 | |
Laura Glasser-Baker Board Director | 1 | $0 | |
Rebecca Glasser-Baker Board Director | 1 | $0 | |
Harry Glasser-Baker Board Director | 1 | $0 | |
Dylan Glasser Board Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,405 |
| Dividends & Interest | $248,447 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $162,100 |
| Capital Gain Net Income | $162,100 |
| Net ST Capital Gain | $23,257 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $416,952 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,044 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $62 |
| Total operating and administrative expenses | $65,285 |
| Contributions, gifts, grants paid | $503,000 |
| Total expenses and disbursements | $568,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,625,804 |
| 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 | $31,124 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,601,108 |
| 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 |