Cen Family Foundation
- Assets
- $7.4m
- Revenue
- $1.7m
- Investments
- $5.2m
- Employees
- 0
- Location
- Cedarhurst, NY
- Founding
- 06/2015
- Data as of
- 12/2023
- EIN
- 47-2628612
Organization Overview
Cen Family Foundation is located in Cedarhurst, NY. The organization was established in 2015. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Cen Family Foundation 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, Cen Family Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Cen Family Foundation has awarded 13 individual grants totaling $1,523,105. 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 |
|---|---|---|---|
Neal Einhorn Trustee | 0 | $0 | |
Sharon Einhorn Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,500,000 |
| Interest on Savings | $566,085 |
| Dividends & Interest | $12,884 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,950 |
| Capital Gain Net Income | $1,950 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$335,958 |
| Total Revenue | $1,744,961 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,009 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,082 |
| Total operating and administrative expenses | $22,251 |
| Contributions, gifts, grants paid | $1,240,000 |
| Total expenses and disbursements | $1,262,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,719,506 |
| 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 | $5,244,511 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $441,000 |
| Total assets | $7,405,017 |
| 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 | $5,000 |
| Total liabilities | $5,000 |
Grants Awarded
Over the last fiscal year, Cen Family Foundation has awarded $1,240,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY DONOR ADVISED FUND PURPOSE: CHARITABLE | $900,000 |
THE DONORS FUND PURPOSE: CHARITABLE | $340,000 |