Marvel S Platoff Foundation
- Assets
- $1.2m
- Revenue
- $88.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Princeton Jct, NJ
- Founding
- 12/1957
- Data as of
- 12/2023
- EIN
- 22-6042825
Organization Overview
Marvel S Platoff Foundation is located in Princeton Jct, NJ. The organization was established in 1957. 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. Marvel S Platoff Foundation 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, Marvel S Platoff Foundation generated $88.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $121.7k during the year ending 12/2023. While expenses have increased by 3.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Marvel S Platoff Foundation has awarded 151 individual grants totaling $354,550. 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 |
|---|---|---|---|
Michael Platoff Trustee | 6 | $7,200 | |
Alan Platoff Trustee | 6 | $7,200 | |
Sharon Titchell Trustee | 6 | $7,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,462 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,246 |
| Capital Gain Net Income | $39,246 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $88,708 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,359 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $27,159 |
| Contributions, gifts, grants paid | $94,500 |
| Total expenses and disbursements | $121,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $39,711 |
| 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 | $1,168,405 |
| 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, Marvel S Platoff Foundation has awarded $94,500 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
ANTI-DEFAMATION LEAGUE PURPOSE: GENERAL SUPPORT | $2,500 |
BIRTHRIGHT ISRAEL FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000 |
BOYS AND GIRLS CLUBS OF MERCER COUNTY PURPOSE: GENERAL SUPPORT | $5,000 |
CHURCH OF THE HOLY FAMILY PURPOSE: GENERAL SUPPORT | $500 |
CONSERVATION STRATEGY FUND PURPOSE: GENERAL SUPPORT | $2,000 |
DEBORAH HOSPITAL FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000 |