Fund For Individual Potential
- Assets
- $39.7m
- Revenue
- $2.8m
- Investments
- $38.3m
- Employees
- 0
- Location
- Red Bank, NJ
- Founding
- 02/2010
- Data as of
- 12/2022
- EIN
- 26-6112299
Organization Overview
Fund For Individual Potential is located in Red Bank, NJ. The organization was established in 2010. 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. Fund For Individual Potential 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, Fund For Individual Potential generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $4.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Fund For Individual Potential has awarded 93 individual grants totaling $13,776,880. 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 |
|---|---|---|---|
Bradley Grayson Trustee | 2 | $0 | |
Eric Grayson Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,750 |
| Dividends & Interest | $862,394 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,937,798 |
| Capital Gain Net Income | $1,937,798 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $442 |
| Total Revenue | $2,802,384 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $59,715 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,724 |
| Printing and publications | $0 |
| Other expenses | $16,345 |
| Total operating and administrative expenses | $688,279 |
| Contributions, gifts, grants paid | $3,275,051 |
| Total expenses and disbursements | $3,963,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,290,470 |
| Savings and temporary cash investments | $0 |
| 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 | $180,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $39,724,539 |
| 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, Fund For Individual Potential has awarded $3,275,051 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BREWSTER ACADEMY PURPOSE: GENERAL PURPOSE OF EXEMPT ORGANIZATION | $2,600,000 |
HOBART & WILLIAM SMITH COLLEGES PURPOSE: GENERAL PURPOSE OF EXEMPT ORGANIZATION | $100,000 |
JEWISH FAMILY & CHILDREN'S SERVICE PURPOSE: GENERAL PURPOSE OF EXEMPT ORGANIZATION | $50,000 |
LAFAYETTE COLLEGE PURPOSE: GENERAL PURPOSE OF EXEMPT ORGANIZATION | $100,000 |
LUNCH BREAK PURPOSE: GENERAL PURPOSE OF EXEMPT ORGANIZATION | $25,000 |
MONMOUTH MEDICAL CENTER FOUNDATION PURPOSE: GENERAL PURPOSE OF EXEMPT ORGANIZATION | $25,000 |