Manasquan Bank Charitable Foundation Inc
- Assets
- $479.4k
- Revenue
- $300.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Wall Township, NJ
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-3137444
Organization Overview
Manasquan Bank Charitable Foundation Inc is located in Wall Township, NJ. The organization was established in 2014. 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. Manasquan Bank Charitable 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, Manasquan Bank Charitable Foundation Inc generated $300.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $259.6k during the year ending 12/2023. While expenses have increased by 10.0% per year over the past 6 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 2018, Manasquan Bank Charitable Foundation Inc has awarded 640 individual grants totaling $1,250,804. 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 |
|---|---|---|---|
Ruth Harms Trustee | 0 | $0 | |
James M Manser Trustee | 0 | $0 | |
Janine Akey Trustee | 0 | $0 | |
James S Vaccaro Trustee | 0 | $0 | |
Catherine D Franzoni Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $503 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Total Revenue | $300,503 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $259,604 |
| Total expenses and disbursements | $259,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $479,373 |
| 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 | $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 | $479,373 |
| 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, Manasquan Bank Charitable Foundation Inc has awarded $259,604 in support to 128 organizations.
| Grant Recipient | Amount |
|---|---|
JFK MEDICAL CENTER FOUNDATION PURPOSE: MEDICAL CENTER FOUNDATION | $2,000 |
ASBURY PARK MUSIC FOUNDATION PURPOSE: MUSIC EDUCATION | $2,500 |
TWO RIVER THEATER PURPOSE: AMERICAN THEATER | $1,500 |
CHILDHOOD LEUKEMIA FOUNDATION PURPOSE: SUPPORT FOR CHILDREN WITH CANCER | $2,500 |
FOREVER LOGAN STRONG FOUNDATION PURPOSE: ASSISTANCE TO CANCER PATIENTS | $2,500 |
THE BOYS & GIRLS CLUB OF MONMOUTH COUNTY PURPOSE: EMPOWERING YOUNG PEOPLE | $2,500 |