Donors Fund Inc
- Assets
- $91.6m
- Revenue
- $294.6m
- Investments
- $0.0
- Employees
- 12
- Location
- Lakewood, NJ
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 47-4844275
Organization Overview
Donors Fund Inc is located in Lakewood, NJ. The organization was established in 2016. 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. As of 12/2022, Donors Fund Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Donors 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, Donors Fund Inc generated $294.6m in total revenue. All expenses for the organization totaled $268.6m during the year ending 12/2022. While expenses have increased by 98.0% per year over the past 7 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SIMPLIFY CHARITABLE GIVING AND THEREBY ENCOURAGE BENEVOLENT PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3
GRANTS TO ORGANIZATIONS IN ACCORDANCE WITH THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE.
GRANTS TO ORGANIZATIONS IN ACCORDANCE WITH THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shalom Gluck President | 1 | $0 | |
Ahron Schlesinger Director | 40 | $0 | |
Moshe Schlesinger Director | 1 | $0 | |
Yakov Travis COO | 40 | $0 | |
Ahron Schlesinger CEO | OfficerTrustee | 40 | $199,200 |
Yakov Travis COO | OfficerTrustee | 40 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $289,436,615 |
| Noncash contributions included in lines 1a–1f | $30,531,155 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $289,436,615 |
| Total Program Service Revenue | $0 |
| Investment income | $1,103,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,102,070 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $294,642,267 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $266,735,682 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $345,188 |
| Compensation of current officers, directors, key employees. | $345,188 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $346,141 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $50,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $118,271 |
| Fees for services: Other | $110,624 |
| Advertising and promotion | $147,322 |
| Office expenses | $98,801 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,700 |
| Travel | $55,373 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,308 |
| Insurance | $5,626 |
| All other expenses | $72,303 |
| Total functional expenses | $268,623,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $844,640 |
| Savings and temporary cash investments | $40,043,409 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,052 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,575 |
| Net Land, buildings, and equipment | $338,282 |
| Investments—publicly traded securities | $46,899,108 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $625,973 |
| Other assets | $2,810,414 |
| Total assets | $91,600,453 |
| Accounts payable and accrued expenses | $238,137 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $61,401 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $299,538 |
| Net assets without donor restrictions | $91,300,915 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $91,600,453 |
Grants Awarded
Over the last fiscal year, Donors Fund Inc has awarded $10,510,502 in support to 388 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION FOREST GLEN INC PURPOSE: GENERAL SUPPORT | $165,253 |
CONGREGATION SANZ OF LAKEWOOD PURPOSE: GENERAL SUPPORT | $43,000 |
JEWISH CHARITY REVIEW INC PURPOSE: GENERAL SUPPORT | $125,336 |
A TORAH INFERTILITY MEDIUM OF EXCHANGE PURPOSE: GENERAL SUPPORT | $8,278 |
AGUDATH ISRAEL OF LONG ISLAND PURPOSE: GENERAL SUPPORT | $7,325 |
AGUDAT REFUA VCHAIM PURPOSE: GENERAL SUPPORT | $7,799 |