Martin J Gross Family Foundation Inc
- Assets
- $7.7m
- Revenue
- $1.4m
- Investments
- $4.3m
- Employees
- 0
- Location
- Livingston, NJ
- Founding
- 03/2015
- Data as of
- 12/2020
- EIN
- 47-2439743
Organization Overview
Martin J Gross Family Foundation Inc is located in Livingston, NJ. The organization was established in 2015. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Martin J Gross Family 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 12/2020, Martin J Gross Family Foundation Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $1.3m during the year ending 12/2020. While expenses have increased by 13.7% 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 2015, Martin J Gross Family Foundation Inc has awarded 187 individual grants totaling $5,622,738. 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 |
|---|---|---|---|
Martin J Gross Trustee | 1 | $0 | |
Sharon Altman Trustee | 1 | $0 | |
Michael S Lewis Co Meisel Tuteur Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $870,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $335,302 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78,871 |
| Capital Gain Net Income | $78,871 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $126,193 |
| Total Revenue | $1,410,366 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,117 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150,289 |
| Total operating and administrative expenses | $329,856 |
| Contributions, gifts, grants paid | $967,000 |
| Total expenses and disbursements | $1,296,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $486,125 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $22,664 |
| 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 | $75,261 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,275,235 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,851,465 |
| Total assets | $7,710,750 |
| Accounts payable and accrued expenses | $7,750 |
| 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 | $100,000 |
| Total liabilities | $107,750 |
Grants Awarded
Over the last fiscal year, Martin J Gross Family Foundation Inc has awarded $825,681 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: CHARITY | $404,981 |
New York, NY PURPOSE: CHARITY | $100,000 |
Washington, DC PURPOSE: CHARITY | $75,000 |
New York, NY PURPOSE: CHARITY | $50,000 |
NATIONAL LIBRARY OF ISRAEL PURPOSE: CHARITY | $44,800 |
CONGREGATION OF EMAU-EL PURPOSE: CHARITY | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |