Tavitian Foundation Inc
- Assets
- $20.0m
- Revenue
- $850.0k
- Investments
- $805.2k
- Employees
- 0
- Location
- Montvale, NJ
- Founding
- 10/1995
- Data as of
- 12/2021
- EIN
- 52-1939275
Organization Overview
Tavitian Foundation Inc is located in Montvale, NJ. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tavitian 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 12/2021, Tavitian Foundation Inc generated $850.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tavitian Foundation Inc has awarded 209 individual grants totaling $12,587,710. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTER PROGRAM PROVIDING GRANTS FOR EDUCATIONAL EXPENSES TO QUALIFIED RECIPIENTS
CONTRIBUTIONS TO QUALIFIED CHARITABLE ORGANIZATIONS
SPONSORING SEMINARS AND STUDIES BY SCHOLARS ON TOPICS RELEVANT TO INTERNATIONAL PEACEAND CONFLICT ISSUES: AND ENGAGING IN ACTIVITIES HAVING THE PURPOSE OF RESOLVING INTERNATIONAL CONFLICTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Oifer Secretary | 5 | $0 | |
Joyce Barsam Vice President | 5 | $0 | |
Candace Beinecke President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,928 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $828,095 |
| Capital Gain Net Income | $828,095 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $850,023 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $85,600 |
| Pension plans, employee benefits | $13,604 |
| Interest | $0 |
| Taxes | $14,179 |
| Depreciation | $486,044 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $178,412 |
| Total operating and administrative expenses | $908,325 |
| Contributions, gifts, grants paid | $909,449 |
| Total expenses and disbursements | $1,817,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2 |
| Savings and temporary cash investments | $1,578,041 |
| 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 | $137,159 |
| Net Land, buildings, and equipment | $17,634,387 |
| Other assets | $1,999 |
| Total assets | $20,019,586 |
| Accounts payable and accrued expenses | $19,389 |
| 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 | $19,389 |
Grants Awarded
Over the last fiscal year, Tavitian Foundation Inc has awarded $909,449 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: SUPPORT PUBLIC CHARITY | $800,000 |
THE FLETCHER SCHOOL OF LAW AND DIPLOMACY AT TUFTS UNIVERSITY PURPOSE: EDUCATION | $74,449 |
THE METROPOLITIAN OPERA PURPOSE: SUPPORT ARTISTIC PRODUCTION | $25,000 |
CLARK ART INSTITUTE PURPOSE: SUPPORT PUBLIC CHARITY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Central Catholic High School Inc Lawrence, MA | $53,774,234 | $20,404,394 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Tatnall School Inc Wilmington, DE | $48,687,568 | $19,526,911 |
Variety Child Learning Center Syosset, NY | $8,356,973 | $21,867,725 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
American Dairy Assn & Dairy Council Of Ny Inc Empire Building North Syracuse, NY | $7,719,519 | $19,494,429 |