Victor Cruz Foundation Inc
- Assets
- $602.9k
- Revenue
- $78.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Iselin, NJ
- Founding
- 06/2012
- Data as of
- 12/2023
- EIN
- 35-2440982
Organization Overview
Victor Cruz Foundation Inc is located in Iselin, NJ. The organization was established in 2012. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victor Cruz 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 12/2023, Victor Cruz Foundation Inc generated $78.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $71.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (14.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Victor Cruz Foundation Inc has awarded 15 individual grants totaling $431,999. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR YOUTH TO ACHIEVE SUCCESS IN THE WORKFORCE AND LIFE THROUGH STEAM EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, THE VICTOR CRUZ FOUNDATION PARTNERED WITH JP MORGAN CHASE TO LAUNCH A FINANCIAL LITERACY COURSE AT THE STEAM HIGH SCHOOL IN PATERSON, NJ. THE CURRICULUM IS DERIVED FROM J.P. MORGAN'S INVESTING 101 CONTENT, AS WELL AS COVERING PLANNING FUNDAMENTALS, BUDGETING, AND INVESTING BUILDING B BLOCKS. THE BI-WEEKY SESSION IS LED BY LOCAL J.P. MORGAN TEAM MEMBERS, SPANS OVER4 MONTHS IN THE SPRING AND FALL, AND HAS SERVED OVER 100 JUNIORS AND SENIORS. SEPARATELY, A SMALL GROUP OF PROMISING STUDENTS FROM THE HIGH SCHOOL RECEIVED AN EXCLUSIVE LOOK INTO NEWS 12'S NEWSROOMS WHERE THEY RECEIVED INSIGHT FROM THE PRODUCERS AND ENGINEERS. THEY ALSO MET WITH NEWS ANCHORS WHO EDUCATED THEM ON THE EQUIPMENTS AND NEWS ROLL OUTS.THE VICTOR CRUZ FOUNDATION ADDITIONALLY CONTINUED ITS ANNUAL HOLIDAY GIVE BACK EFFORTS, DONATING A FINANCIAL AND LARGE COAT DONATION TO EVA'S VILLAGE AND A SHOPPING SPREE FOR 25 PATERSON YOUTH AT FOOT LOCKER'S NYC FLAGSHIP STORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Cruz President | OfficerTrustee | 1 | $0 |
Paul Rivera Board Member | Trustee | 1 | $0 |
Lisa P Wolf Board Member | Trustee | 1 | $0 |
Kristin Malaspina Board Member | Trustee | 1 | $0 |
Nick Dietz Board Member | Trustee | 1 | $0 |
Troy Dixon Board Member | Trustee | 1 | $0 |
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 | $66,803 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,803 |
| Total Program Service Revenue | $0 |
| Investment income | $6,870 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,352 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $30,000 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,845 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $235 |
| Fees for services: Accounting | $5,491 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,064 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,054 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $50 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $10,894 |
| Total functional expenses | $71,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,551 |
| Savings and temporary cash investments | $26,254 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $350,119 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $602,924 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $602,924 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $602,924 |
Grants Awarded
Over the last fiscal year, Victor Cruz Foundation Inc has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EVA'S VILLAGE PURPOSE: GENERAL SUPPORT | $5,000 |
PATERSON EDUCATION FUND PURPOSE: EDUCATIONAL | $10,000 |