Union Foundation
- Assets
- $10.7m
- Revenue
- $400.4k
- Investments
- $10.0m
- Employees
- 0
- Location
- Warren, NJ
- Founding
- 03/1953
- Data as of
- 11/2023
- EIN
- 22-6046454
Organization Overview
Union Foundation is located in Warren, NJ. The organization was established in 1953. 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. Union 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 11/2023, Union Foundation generated $400.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $977.3k during the year ending 11/2023. 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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William V Engel President | 2.5 | $475 | |
Suzanne B Engel Vice President | 0.5 | $950 | |
R Sean Devlin Asst. Treasurer | 0.5 | $950 | |
Thomas H Campbell Treasurer | 2 | $475 | |
Edward S Atwater IV Vice President | 2 | $950 | |
Abby O'neill Trustee | 0.5 | $950 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $400,437 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $547,682 |
| Net ST Capital Gain | $63 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $400,437 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,700 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $26 |
| Taxes | $16,144 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,098 |
| Total operating and administrative expenses | $131,840 |
| Contributions, gifts, grants paid | $845,500 |
| Total expenses and disbursements | $977,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,825 |
| Savings and temporary cash investments | $382,801 |
| 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 | $4,512,991 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $269,122 |
| Total assets | $10,663,394 |
| 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 | $13,130 |
| Total liabilities | $13,130 |