Papa Family Charitable Trust
- Assets
- $2.5m
- Revenue
- $223.0k
- Investments
- $2.4m
- Employees
- 0
- Location
- Far Hills, NJ
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-4214104
Organization Overview
Papa Family Charitable Trust is located in Far Hills, NJ. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Papa Family Charitable Trust 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 12/2021, Papa Family Charitable Trust generated $223.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.1% each year . All expenses for the organization totaled $257.3k during the year ending 12/2021. While expenses have increased by 10.6% per year over the past 5 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 2015, Papa Family Charitable Trust has awarded 30 individual grants totaling $1,170,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph C Papa Trustee | 2 | $0 | |
Christopher J Papa Trustee | 2 | $0 | |
Matthew R Papa Trustee | 2 | $0 | |
Adam J Papa Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $71,407 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $151,560 |
| Capital Gain Net Income | $151,560 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $222,979 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,403 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,295 |
| Contributions, gifts, grants paid | $250,000 |
| Total expenses and disbursements | $257,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $67,661 |
| 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 | $2,506,095 |
| 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, Papa Family Charitable Trust has awarded $250,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Evanston, IL PURPOSE: CHARITABLE ACTIVITIES | $100,000 |
Storrs, CT PURPOSE: CHARITABLE ACTIVITIES | $100,000 |
LIGHTHOUSE GUILD PURPOSE: CHARITABLE ACTIVITIES | $25,000 |
THE SDHB PHEO-PARA COALITION PURPOSE: CHARITABLE ACTIVITIES | $15,000 |
Parsippany, NJ PURPOSE: CHARITABLE ACTIVITIES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American National Standards Institute New York, NY | $61,521,698 | $89,284,423 |
Buffalo Civic Auto Ramps Inc Buffalo, NY | $1,499,927 | $7,888,664 |
Pocono Services For Families And Children Inc East Stroudsburg, PA | $5,666,674 | $5,697,584 |
Data & Society Research Institute New York, NY | $10,624,558 | $3,287,575 |
Bend The Arc Jewish Action Inc New York, NY | $2,917,123 | $4,796,081 |
Greater Syracuse Property Development Corporation Syracuse, NY | $6,042,694 | $3,813,121 |
East Mid-Manhattan District Management Association Inc New York, NY | $3,778,894 | $3,534,351 |
New York 811 Inc Bohemia, NY | $4,587,897 | $3,122,927 |
New York State Local Government Services Foundation Inc Albany, NY | $314,574 | $1,870,171 |
Municipal Risk Management Inc Sewickley, PA | $1,866,015 | $1,889,170 |
Conservative Mennonite Financial Lebanon, PA | $46,104,322 | $1,303,669 |
Cause Effective Inc New York, NY | $567,862 | $1,387,605 |