Martin And Sondra Rappaport Charitable Private Foundation Inc
- Assets
- $6.0m
- Revenue
- $205.1k
- Investments
- $5.5m
- Employees
- 0
- Location
- Clifton, NJ
- Founding
- 07/2012
- Data as of
- 12/2023
- EIN
- 38-3854291
Organization Overview
Martin And Sondra Rappaport Charitable Private Foundation Inc is located in Clifton, NJ. The organization was established in 2012. 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. Martin And Sondra Rappaport Charitable Private 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, Martin And Sondra Rappaport Charitable Private Foundation Inc generated $205.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 37.1% each year . All expenses for the organization totaled $2.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Martin And Sondra Rappaport Charitable Private Foundation Inc has awarded 32 individual grants totaling $4,015,000. 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
DONATIONS TO NONPROFIT 501(C)(3)ORGANIZATIONS IN SUPPORT OF THEIR COMMUNITY CHARITABLE ACTIVITIES. DETAILS ON PAGE 11.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven F Landau Trustee/treasurer | 0.25 | $0 | |
Joseph Twersky Trustee/president | 0.25 | $0 | |
Michael Bierach Trustee/vp | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $326,013 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$120,960 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $205,053 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,801 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $849 |
| Total operating and administrative expenses | $80,313 |
| Contributions, gifts, grants paid | $2,190,000 |
| Total expenses and disbursements | $2,270,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,960 |
| Savings and temporary cash investments | $481,340 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $6,047,607 |
| 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, Martin And Sondra Rappaport Charitable Private Foundation Inc has awarded $2,190,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
RELIEF RESOURCES INC PURPOSE: DONATION IN SUPPORT OF CHARITABLE ACTIVITIES | $100,000 |
YESHIVA KTANA OF PASSAIC TRAUMA UNIT PURPOSE: DONATION IN SUPPORTOF CHARITABLE ACTIVITIES | $100,000 |
ROBERT WOOD JOHNSON UNIVERSITY HOSPITAL FOUNDATION PURPOSE: DONATION IN SUPPORT OF CHARITABLE ACTIVITIES | $200,000 |
BLYTHEDALE CHILDRENS HOSPITAL PURPOSE: DONATION IN SUPPORT OF CHARITABLE ACTIVITIES | $250,000 |
A TORAH INFERTILITY MEDIUM OF EXCHANGE PURPOSE: DONATION IN SUPPORT OF CHARITABLE ACTIVITIES | $250,000 |
HATZOLAH OF PASSICCLIFTON EMS PURPOSE: DONATION IN SUPPORT OF CHARITABLE ACTIVITIES | $75,000 |