Montclair Foundation Inc

Organization Overview

Montclair Foundation Inc is located in Montclair, NJ. The organization was established in 1993. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Montclair Foundation Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montclair 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 06/2023, Montclair Foundation Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 8.9% per year over the past 8 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 2015, Montclair Foundation Inc has awarded 46 individual grants totaling $433,625. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MONTCLAIR FOUNDATION NURTURES GROWTH IN OUR COMMUNITY THROUGH SUPPORT AND GRANT GIVING TO LOCAL NON-PROFITS AND THE PRESERVATION OF THE HISTORIC VAN VLECK HOUSE & GARDENS WHICH ARE OPEN TO THE PUBLIC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PRESERVATION OF THE VAN VLECK HOUSE AND GARDEN, A 5.8 ACRE SITE IN MONTCLAIR, NJ, WHOSE GARDENS ARE OPEN TO THE PUBLIC FOR HORTICULTURAL EDUCATION AND USE OF THE BUILIDNG LOCATED ON THE ESTATE AS OFFICES AND PROGRAM FACILTIES FOR OTHER NEW JERSEY NONPROFIT ORGANIZATIONS AND COMMUNITY GROUPS.


CHARITABLE GIFTS MADE TO NON-PROFIT ORGANIZATIONS WHICH ADDRESS LOCAL NEEDS IN THE AREA OF HEALTH, EDUCATION, CULTURAL, SOCIAL SERVICE AND THE OVERALL QUALITY OF LIFE


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Board, Officers & Key Employees

Name (title)Compensation
Andee Bertsche
Trustee
$1
Christine James
Trustee
$1
Richard Ferrari
Trustee
$1
Eliot Mosby
Trustee
$1
Torben Winther
Treasurer
$1
Deborah Hirsch
Trustee
$1

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$317,640
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$317,640
Total Program Service Revenue$53,671
Investment income $393,685
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $181,438
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $128,170
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,074,604

Grants Awarded

Over the last fiscal year, Montclair Foundation Inc has awarded $27,500 in support to 3 organizations.

Grant RecipientAmount

HUMAN NEEDS FOOD PANTRY

PURPOSE: Purch groceries low inc fam

$10,000

TONIS KITCHEN

PURPOSE: Kitchen equip for food ministry

$7,500

NEIGHBORHOOD CHILD CARE CENTER

PURPOSE: purch environ approp chldrn furn

$10,000
View Grant Profile

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