Ebb Point Foundation Inc
- Assets
- $8.8m
- Revenue
- $3.4m
- Investments
- $6.9m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 08/2001
- Data as of
- 06/2023
- EIN
- 52-2207573
Organization Overview
Ebb Point Foundation Inc is located in Pennington, NJ. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Ebb Point 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 06/2023, Ebb Point Foundation Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $351.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Ebb Point Foundation Inc has awarded 163 individual grants totaling $2,871,250. 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 |
|---|---|---|---|
Katherine Borsecnik Director | 10 | $0 | |
Eugene S Weil Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,625,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $162,819 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,583,490 |
| Capital Gain Net Income | $1,583,490 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,371,309 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,316 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,561 |
| Total operating and administrative expenses | $64,795 |
| Contributions, gifts, grants paid | $286,500 |
| Total expenses and disbursements | $351,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,465 |
| Savings and temporary cash investments | $1,013,066 |
| 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 | $1,291,151 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $939,375 |
| Total assets | $8,816,638 |
| 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, Ebb Point Foundation Inc has awarded $286,500 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
TRANSGENDER LAW CENTER PURPOSE: UNRESTRICTED GENERAL | $2,500 |
BRENNAN CENTER FOR JUSTICE PURPOSE: UNRESTRICTED GENERAL | $50,000 |
RHODE ISLAND COMMUNITY FOOD BANK PURPOSE: UNRESTRICTED GENERAL | $1,000 |
ALZHEIMERS DISEASE AND RELATED DISORDERS PURPOSE: UNRESTRICTED GENERAL | $7,000 |
MISSISSIPPI CENTER FOR JUSTICE PURPOSE: UNRESTRICTED GENERAL | $5,000 |
CENTER FOR REPRODUCTIVE RIGHTS PURPOSE: UNRESTRICTED GENERAL | $5,000 |