Plangere Foundation Inc
- Assets
- $24.7m
- Revenue
- $2.1m
- Investments
- $23.2m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 04/1998
- Data as of
- 04/2024
- EIN
- 65-0747053
Organization Overview
Plangere Foundation Inc is located in Pennington, NJ. The organization was established in 1998. 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. Plangere 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 04/2024, Plangere Foundation Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $2.6m during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Plangere Foundation Inc has awarded 226 individual grants totaling $18,623,062. 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 |
|---|---|---|---|
Alfred D Colantoni Chairman | 3 | $0 | |
Nicole A Colantoni Trustee | 3 | $10,000 | |
John C Conover III Trustee | 3 | $10,000 | |
Jules L Plangere III Trustee | 3 | $10,000 | |
Ernest Donald Lass Trustee | 3 | $10,000 | |
Donna L Hession Trustee/secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,317,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $648,205 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $148,298 |
| Capital Gain Net Income | $148,298 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $313 |
| Total Revenue | $2,113,816 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,021 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,976 |
| Total operating and administrative expenses | $233,190 |
| Contributions, gifts, grants paid | $2,375,142 |
| Total expenses and disbursements | $2,608,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,943 |
| Savings and temporary cash investments | $1,467,502 |
| 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 | $7,466,794 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,688,350 |
| 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, Plangere Foundation Inc has awarded $2,375,142 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS OF MERCER CO PURPOSE: UNRESTRICTED GENERAL | $50,000 |
MEMORIAL SLOAN-KETTERING CANCER CTR PURPOSE: UNRESTRICTED GENERAL | $100,000 |
GEORGIAN COURT UNIVERSITY PURPOSE: UNRESTRICTED GENERAL | $100,000 |
SALVATION ARMY PURPOSE: UNRESTRICTED GENERAL | $25,000 |
MONMOUTH UNIVERSITY PURPOSE: UNRESTRICTED GENERAL | $100,000 |
AMERICAN CANCER SOCIETY PURPOSE: UNRESTRICTED GENERAL | $100,000 |