Atlantic Foundation
- Assets
- $71.9m
- Revenue
- $9.6m
- Investments
- $63.8m
- Employees
- 0
- Location
- Hamilton, NJ
- Founding
- 07/1964
- Data as of
- 12/2021
- EIN
- 22-6054882
Organization Overview
Atlantic Foundation is located in Hamilton, NJ. The organization was established in 1964. 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. Atlantic 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 12/2021, Atlantic Foundation generated $9.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $9.2m during the year ending 12/2021. While expenses have increased by 9.6% per year over the past 3 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, Atlantic Foundation has awarded 38 individual grants totaling $21,386,328. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF GROUNDS FOR SCULPTURE RELATING TOP THE OPERATIONS OF A SCULPTURE PARK OPEN TO THE PUBLIC. ACTIVITIES INCLUDE PUBLIC TOURS, MEMBERSHIP AND ADMISSIONS PROGRAMS, VARIOUS SCULPTURE RELATED EVENTS, CHILDRENS' PROGRAMS, ARTISTS' LECTURES AND VIEWING OF ARTWORK.
SUPPORT OF THE SEWARD JOHNSON ATELIER, A NONPROFIT ORGANIZATION FORMED FOR THE PURPOSE OF ENHANCING PUBLIC AWARENESS PERTAINING TO THE APPRECIATION OF SCULPTURE THROUGH THE PRODUCTION OF SEVERAL EXHIBITIONS THROUGHOUT THE WORLD AND THE ACQUISITION OF SCULPTURE TO DISPLAY AND EDUCATE THE GENERAL PUVBLIC IN THE ARTS.
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 |
|---|---|---|---|
Michael Unger Chief Adminitrative | 40 | $305,589 | |
Craig Ingwer Chief Financial Offi | 40 | $193,546 | |
Bruce Daniels Director Of Faciliti | 40 | $123,806 | |
Emma Canarick Director Of Capacity | 40 | $100,983 | |
Suzanne Brunnengraber Hr Director | 40 | $98,402 | |
Michael Greenleaf Treasurer | 25 | $37,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $72,319 |
| Dividends & Interest | $979,880 |
| Net Rental Income | $6,960 |
| Net Gain on Sale of Assets | $7,527,552 |
| Capital Gain Net Income | $7,527,552 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,000,000 |
| Total Revenue | $9,586,711 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,600 |
| Other employee salaries and wages | $765,228 |
| Pension plans, employee benefits | $151,506 |
| Interest | $0 |
| Taxes | $178,283 |
| Depreciation | $265,999 |
| Occupancy | $223,351 |
| Travel, conferences, and meetings | $8,717 |
| Printing and publications | $0 |
| Other expenses | $160,430 |
| Total operating and administrative expenses | $1,945,312 |
| Contributions, gifts, grants paid | $7,227,160 |
| Total expenses and disbursements | $9,172,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,459,356 |
| Savings and temporary cash investments | $1,619,920 |
| Net Accounts receivable | $35,038 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $2,212,102 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,138,420 |
| Net Land, buildings, and equipment | $2,217,072 |
| Other assets | $7,968 |
| Total assets | $71,880,730 |
| Accounts payable and accrued expenses | $261,660 |
| 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 | $38 |
| Total liabilities | $261,698 |
Grants Awarded
Over the last fiscal year, Atlantic Foundation has awarded $7,227,160 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Hamilton, NJ PURPOSE: GENERAL OPERATING SUPPORT | $2,825,000 |
HARMONY INSTITUTE PURPOSE: GENERAL OPERATING SUPPORT | $1,798,250 |
Hamilton, NJ PURPOSE: GENERAL OPERATING SUPPORT | $1,071,525 |
EYEBEAM ATELIER PURPOSE: GENERAL OPERATING SUPPORT | $550,000 |
Bethesda, MD PURPOSE: GENERAL OPERATING SUPPORT | $201,750 |
AMIGOS OF COSTA RICA INC PURPOSE: GENERAL OPERATING SUPPORT | $187,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Atlantic Foundation has recieved totaling $1,129,377.
| Awarding Organization | Amount |
|---|---|
Johnson Art And Education Foundatio N Inc Hamilton, NJ PURPOSE: GENERAL OPERATING EXPENSES | $1,129,377 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |