Gwendolyn And Joseph Straus Charitable Fund Inc
- Assets
- $357.3k
- Revenue
- $38.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Lee, NJ
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 47-1133616
Organization Overview
Gwendolyn And Joseph Straus Charitable Fund Inc is located in Fort Lee, NJ. The organization was established in 2015. According to its NTEE Classification (T30) the organization is classified as: Public 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. Gwendolyn And Joseph Straus Charitable Fund 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, Gwendolyn And Joseph Straus Charitable Fund Inc generated $38.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $237.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED TO PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS AND FAMILIES IMPACTED BY UNFORESEEN CIRCUMSTANCES AS WELL AS PROVIDE FUNDS TO RESEARCH ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION FOCUSES ON IMPROVING THE QUALITY OF LIFE THROUGH CHARITABLE FINANCIAL ASSISTANCE TO INDIVIDUALS, FAMILIES AND COMMUNITY ORGANIZATIONS WHO ARE SIGNIFICANTLY IMPACTED. THE ORGANIZATION PROVIDES FINANCIAL AID AND ASSISTANCE FOR TEMPORARY LIVING ARRANGEMENTS, PERMANENT LIVING OPTIONS, PAYING FOR DAILY NECESSITIES AND PURCHASING LARGER SCALE ITEMS SUCH AS AUTOMOBILES AND HOUSEHOLD ITEMS THAT CAN BE HARD TO OBTAIN DUE TO LOSS OF INCOME, PAYING BILLS, AND PAYING FOR HEALTH CARE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph S Straus President & Chair | 20 | $0 | |
Ricardo Solano Secretary & Treasurer | 20 | $0 | |
Howard Tepper Compliance Officer, CFO | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $37,957 |
| Interest on Savings | $0 |
| 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 | $37,957 |
| 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 | $147 |
| Total operating and administrative expenses | $7,427 |
| Contributions, gifts, grants paid | $230,000 |
| Total expenses and disbursements | $237,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $352,868 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $4,383 |
| 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 | $357,251 |
| Accounts payable and accrued expenses | $165,775 |
| Grants payable | $45,271 |
| 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 | $211,046 |
Grants Awarded
Over the last fiscal year, Gwendolyn And Joseph Straus Charitable Fund Inc has awarded $230,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NICOLE ABBOTT PURPOSE: UNIVERSITY HEALTH TRUMAN MEDICAL CENTRE - MEDICAL EXPENSES | $5,000 |
COLUMBIA UNIVERSITY PURPOSE: CHARITABLE CONTRIBUTION IN LINE WITH ORGANIZATION'S MISSION. | $225,000 |