Geist Foundation
- Assets
- $1.9m
- Revenue
- $49.0k
- Investments
- $1.9m
- Employees
- 0
- Location
- West Orange, NJ
- Founding
- 03/1961
- Data as of
- 09/2023
- EIN
- 22-6059859
Organization Overview
Geist Foundation is located in West Orange, NJ. The organization was established in 1961. 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. Geist 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 09/2023, Geist Foundation generated $49.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (63.5%) each year. All expenses for the organization totaled $120.9k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Geist Foundation has awarded 79 individual grants totaling $1,110,504. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
AISH GLOBAL INC - GRANT PAYMENT
THE JERUSALEM FELLOWSHIP - GRANT PAYMENT
ISRAEL CONGREGATION OF MANCHESTER - GRANT PAYMENT
NJ GOLF FOUNDATION, INC - GRANT PAYMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shari Kaufman Trustee | 0 | $0 | |
Laurie Baum Trustee | 0 | $0 | |
Jeffrey Bloom Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20,336 |
| Dividends & Interest | $27,857 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,023 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,854 |
| Total Revenue | $49,024 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,887 |
| Total operating and administrative expenses | $19,887 |
| Contributions, gifts, grants paid | $100,999 |
| Total expenses and disbursements | $120,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,191 |
| Savings and temporary cash investments | $27,456 |
| 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 | $128,139 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,914,292 |
| 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, Geist Foundation has awarded $100,999 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
TORAS DOVID COMMUNITY KOLLEL PURPOSE: GENERAL GRANT | $9,900 |
JERUSALEM FELLOWSHIPS PURPOSE: GENERAL GRANT | $24,200 |
CHABAD AT SHORT HILLS PURPOSE: GENERAL GRANT | $2,500 |
JEWISH NATIONAL FUND PURPOSE: GENERAL GRANT | $500 |
BONEI OLAM PURPOSE: GENERAL GRANT | $3,800 |
COOPERMAN BARNABAS MEDICAL CENTER PURPOSE: GENERAL GRANT | $3,000 |