Appaloosa Management Charitable Foundation Inc
- Assets
- $1.9m
- Revenue
- $115.1k
- Investments
- $1.7m
- Employees
- 0
- Location
- Short Hills, NJ
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-4011140
Organization Overview
Appaloosa Management Charitable Foundation Inc is located in Short Hills, 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. Appaloosa Management 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, Appaloosa Management Charitable Foundation Inc generated $115.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 50.3% each year . All expenses for the organization totaled $467.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Appaloosa Management Charitable Foundation Inc has awarded 112 individual grants totaling $3,439,031. 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 |
|---|---|---|---|
David A Tepper President | 1 | $0 | |
Kenneth Maiman Secretary | 1 | $0 | |
Larry Rogers Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $106,592 |
| Capital Gain Net Income | $106,592 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,528 |
| Total Revenue | $115,120 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,528 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31 |
| Total operating and administrative expenses | $8,559 |
| Contributions, gifts, grants paid | $459,305 |
| Total expenses and disbursements | $467,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,752 |
| 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 | $1,727,668 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,885,420 |
| 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, Appaloosa Management Charitable Foundation Inc has awarded $459,305 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
SUCCEED2GETHER INC PURPOSE: GENERAL SUPPORT | $4,000 |
AMERICAN COMMITTEE FOR THE WEIZMANN INSTITUTE OF SCIENCE INC PURPOSE: GENERAL SUPPORT | $150,000 |
EMORY JEWISH STUDENT CENTER INC PURPOSE: GENERAL SUPPORT | $18,000 |
COMMUNITY FOUNDATION OF NEW JERSEY PURPOSE: GENERAL SUPPORT | $4,000 |
NJCDC PURPOSE: GENERAL SUPPORT | $1,000 |
MIDDLEBURY COLLEGE PURPOSE: GENERAL SUPPORT | $63,805 |