Citizens Philanthropic Foundation
- Assets
- $19.7m
- Revenue
- $19.5m
- Investments
- $17.2m
- Employees
- 0
- Location
- Short Hills, NJ
- Founding
- 07/2006
- Data as of
- 12/2022
- EIN
- 56-2582815
Organization Overview
Citizens Philanthropic Foundation is located in Short Hills, NJ. The organization was established in 2006. 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. Citizens Philanthropic 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 12/2022, Citizens Philanthropic Foundation generated $19.5m in total revenue. All expenses for the organization totaled $763.9k during the year ending 12/2022. While expenses have increased by 14.8% per year over the past 4 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.
Since 2020, Citizens Philanthropic Foundation has awarded 458 individual grants totaling $1,301,950. 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 |
|---|---|---|---|
Barbara Cottam End 1022 President | 0.23 | $0 | |
Michelle Hecht End 1022 President | 0.05 | $0 | |
Keri Santos Vice President/dir. Of Corp Giving | 1.78 | $0 | |
Chris Grenier Secretary | 1.59 | $0 | |
Dan Astolfi Treasurer | 0.15 | $0 | |
Reza Aghamirzadeh Member | 0.09 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,742,419 |
| Interest on Savings | $3,451 |
| Dividends & Interest | $652,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $92,701 |
| Capital Gain Net Income | $92,701 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,491,329 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $475 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,442 |
| Total operating and administrative expenses | $16,938 |
| Contributions, gifts, grants paid | $747,000 |
| Total expenses and disbursements | $763,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,458,694 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,655,882 |
| 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 | $2,008 |
| Total liabilities | $2,008 |
Grants Awarded
Over the last fiscal year, Citizens Philanthropic Foundation has awarded $747,000 in support to 246 organizations.
| Grant Recipient | Amount |
|---|---|
CHAMAH PURPOSE: CHAMAH FEED BROOKLYN | $1,000 |
SCHOLARSHIP FUND FOR INNER-CITY CHILDREN PURPOSE: SFIC ENDOWMENT CAMPAIGN | $25,000 |
MOUNT CARMEL GUILD PURPOSE: SEPTEMBER-OCTOBER FOOD PANTRY OPERATIONS | $500 |
ST GREGORY THE GREAT PURPOSE: ST. GREGORY THE GREAT 43RD ANNUAL FAMILY CARNIVAL | $5,000 |
AFRICAN AMERICAN CHAMBER OF COMMERCE OF NEW JERSEY PURPOSE: SMALL BUSINESS SUPPORT PROGRAM | $5,000 |
BANCROFT PURPOSE: ASSISTIVE TECHNOLOGY FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES PILOT PROGRAM | $2,000 |