Maher Charitable Foundation
- Assets
- $17.7m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Florham Park, NJ
- Founding
- 01/2011
- Data as of
- 12/2023
- EIN
- 27-1447747
Organization Overview
Maher Charitable Foundation is located in Florham Park, NJ. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Maher Charitable 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 12/2023, Maher Charitable Foundation generated $2.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Maher Charitable Foundation has awarded 58 individual grants totaling $6,352,290. 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
OPERATION OF CLINTON HILL EARLY LEARNING CENTER [TOTAL EXPENSES LESS DEPRECIATION]
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Brian Maher Chairman Treasurer Director | 1 | $0 | |
Sandra Maher Vice Chairman & Director | 1 | $0 | |
Amanda Maher President & Director | 5 | $0 | |
Scott Schley Gc Secretary & Director | 1 | $0 | |
Margarethe P Laurenzi Executive Director | 40 | $236,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
| 12/30/21 | $1,002,000 | |
| 12/30/21 | $215,750 | |
| 12/30/21 | $76,766 | |
| 12/30/21 | $58,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,500,000 |
| Interest on Savings | $14,945 |
| Dividends & Interest | $0 |
| Net Rental Income | -$377,108 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,684 |
| Total Revenue | $2,886,260 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $236,250 |
| Other employee salaries and wages | $100,000 |
| Pension plans, employee benefits | $139,525 |
| Interest | $0 |
| Taxes | $23,416 |
| Depreciation | $452,571 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $231,849 |
| Total operating and administrative expenses | $1,206,388 |
| Contributions, gifts, grants paid | $1,691,300 |
| Total expenses and disbursements | $2,897,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,089 |
| Savings and temporary cash investments | $559,929 |
| 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 | $0 |
| Net Land, buildings, and equipment | $17,145,139 |
| Other assets | $1,729 |
| Total assets | $17,744,886 |
| 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, Maher Charitable Foundation has awarded $1,691,300 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CLINTON HILL COMMUNITY ACTION PURPOSE: PROGRAM SUPPORT | $475,000 |
RUTGERS UNIVERSITY FOUNDATION PURPOSE: PROGRAM SUPPORT | $230,500 |
INSTITUTE FOR CITIZENS SCHOLARS PURPOSE: PROGRAM SUPPORT | $215,000 |
GREATER NEWARK CONSERVANCY PURPOSE: PROGRAM SUPPORT | $112,100 |
COMMUNITY FOUNDATION OF NEW JERSEY PURPOSE: PROGRAM SUPPORT | $105,000 |
ADVOCATES FOR CHILDREN OF NJ PURPOSE: PROGRAM SUPPORT | $100,000 |