William Gross Charitable Foundation Inc
- Assets
- $3.0m
- Revenue
- $495.6k
- Investments
- $3.0m
- Employees
- 0
- Location
- Jersey City, NJ
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 46-5749690
Organization Overview
William Gross Charitable Foundation Inc is located in Jersey City, 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. William Gross 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 12/2022, William Gross Charitable Foundation Inc generated $495.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 51.1% each year . All expenses for the organization totaled $426.5k during the year ending 12/2022. While expenses have increased by 9.8% per year over the past 4 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 2020, William Gross Charitable Foundation Inc has awarded 68 individual grants totaling $796,050. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE ACTIVITIES ARE LIMITED TO MAKING GRANTS AND CONTRIBUTIONS TO OTHER QUALIFIED CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen V O'brien Trustee, Vice Pres. & Secr | 1 | $8,893 | |
Colleen P O'brien Trustee, Vice Pres.& Asst. | 1 | $8,893 | |
Frank L Fekete CPA Trustee,president. & Trea | 1 | $8,893 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $135 |
| Dividends & Interest | $34,043 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $461,453 |
| Capital Gain Net Income | $461,453 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $495,631 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,679 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,435 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,897 |
| Total operating and administrative expenses | $86,064 |
| Contributions, gifts, grants paid | $340,400 |
| Total expenses and disbursements | $426,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,701 |
| 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 | $1,178,729 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,024,814 |
| 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, William Gross Charitable Foundation Inc has awarded $340,400 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
DONORS CHOOSE PURPOSE: DONATION TO HELP TEACHERS RAISE MONEY FOR SCHOOL PROJECTS | $2,400 |
DONORS CHOOSE PURPOSE: DONATION TO HELP TEACHERS RAISE MONEY FOR SCHOOL PROJECTS | $2,600 |
CHRIST CHILD SOCIETY OF SUMMIT PURPOSE: DONATION FOR GENERAL USE | $5,000 |
FAIR HAVEN BOARD OF EDUCATION - SICKLES SCHOOL PURPOSE: DONATION TO SUPPORT THE SOCIAL/EMOTIONAL NEEDS OF THE STUDENTS | $10,000 |
SAINT PETER'S UNIVERSITY PURPOSE: DONATION TO SUPPORT THE NCAA MARCH MADNESS SPONSORSHIP | $20,000 |
NORTH JERSEY NAVIGATORS INC PURPOSE: DONATION TO HELP RAISE MONEY FOR THE SPORTS CLUB | $3,000 |