Joel & Lynn Perlmutter Fam Foundation Tr
- Assets
- $4.8m
- Revenue
- $117.1k
- Investments
- $2.6m
- Employees
- 0
- Location
- Toms River, NJ
- Founding
- 02/2004
- Data as of
- 12/2022
- EIN
- 22-6949741
Organization Overview
Joel & Lynn Perlmutter Fam Foundation Tr is located in Toms River, NJ. The organization was established in 2004. 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. Joel & Lynn Perlmutter Fam Foundation Tr 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 12/2022, Joel & Lynn Perlmutter Fam Foundation Tr generated $117.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 41.5% each year . All expenses for the organization totaled $152.7k during the year ending 12/2022. While expenses have increased by 39.6% 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, Joel & Lynn Perlmutter Fam Foundation Tr has awarded 199 individual grants totaling $515,700. 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 |
|---|---|---|---|
Lynn Perlmutter Trustee | 0.5 | $0 | |
Brett Rand Trustee | 0.25 | $0 | |
Darren Rand Trustee | 0.25 | $0 | |
Jennifer Perlmutter-Russo Trustee | 5 | $25,000 | |
Julie Heise Trustee | 0.25 | $0 | |
Kevin Rand Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,214 |
| Dividends & Interest | $95,766 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,096 |
| Capital Gain Net Income | $20,096 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $117,076 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,656 |
| Depreciation | $395 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,636 |
| Total operating and administrative expenses | $43,687 |
| Contributions, gifts, grants paid | $109,000 |
| Total expenses and disbursements | $152,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $610,497 |
| 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 | $139,736 |
| Net Land, buildings, and equipment | $1,286 |
| Other assets | $1,607,519 |
| Total assets | $4,844,064 |
| Accounts payable and accrued expenses | $2,268 |
| 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 | $1,795 |
| Total liabilities | $4,063 |
Grants Awarded
Over the last fiscal year, Joel & Lynn Perlmutter Fam Foundation Tr has awarded $109,000 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
BAYVILLE FIRST AID SQUAD PURPOSE: SUPPORT VOLUNTEER FIRST AID SQUAD | $2,500 |
BAYVILLE VOLUNTEER FIRE COMPANY PURPOSE: SUPPORT VOLUNTEER FIRE COMPANY | $2,500 |
CALLING ALL CATS RESCUE CENTER PURPOSE: CAT RESCUE OCEAN COUNTY NJ | $5,500 |
BERKELY TOWNSHIP POLICE FOUNDATION PURPOSE: SUPPORT POLICE COMMUNITY PROGRAMS | $4,000 |
DOTTIES HOUSE PURPOSE: SUPPORT WOMEN AND CHILDREN | $1,500 |
EAST DOVER FIRST AID SQUAD PURPOSE: SUPPORT VOLUNTEER FIRST AID SQUAD | $2,500 |