Premselaar Foundation Inc
- Assets
- $1.0m
- Revenue
- $49.2k
- Investments
- $1.0m
- Employees
- 0
- Location
- Rumson, NJ
- Founding
- 11/2002
- Data as of
- 12/2023
- EIN
- 51-0431739
Organization Overview
Premselaar Foundation Inc is located in Rumson, NJ. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Premselaar 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 12/2023, Premselaar Foundation Inc generated $49.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $68.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Premselaar Foundation Inc has awarded 363 individual grants totaling $587,164. 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 |
|---|---|---|---|
Louis Premselaar Trustee, President | 0.25 | $0 | |
Judith Premselaar Trustee, Vice President | 0.5 | $0 | |
Rachel Presser Trustee | 0.1 | $0 | |
Marc Premselaar Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $936 |
| Dividends & Interest | $34,156 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,101 |
| Capital Gain Net Income | $14,101 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,193 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,499 |
| Total operating and administrative expenses | $14,441 |
| Contributions, gifts, grants paid | $53,580 |
| Total expenses and disbursements | $68,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,247 |
| Savings and temporary cash investments | $0 |
| 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 | $499,921 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,039,868 |
| 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, Premselaar Foundation Inc has awarded $53,580 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FAMILY & CHILDREN'S SERVICE PURPOSE: GENERAL | $15,000 |
CONGREGATION B'NAI ISRAEL PURPOSE: GENERAL | $5,100 |
RUMSON JEWISH CENTER PURPOSE: GENERAL | $8,140 |
BRUCE SPRINGSTEEN ARCHIVES & CENTER FOR AMERI PURPOSE: GENERAL | $5,000 |
LUNCH BREAK PURPOSE: GENERAL | $2,500 |
COMMUNITY FOUDNATION OF NEW JERSEY PURPOSE: GENERAL | $2,280 |