Jersey Mortgage Company Foundation Inc
- Assets
- $40.3k
- Revenue
- $2.6k
- Investments
- $35.2k
- Employees
- 0
- Location
- Cranford, NJ
- Founding
- 11/2003
- Data as of
- 12/2021
- EIN
- 65-1162958
Organization Overview
Jersey Mortgage Company Foundation Inc is located in Cranford, NJ. The organization was established in 2003. 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. Jersey Mortgage Company 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, Jersey Mortgage Company Foundation Inc generated $2.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $4.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Van Note Director/president | 5 | $0 | |
Peter Kenny Director/vice President | 5 | $0 | |
Dolores Sullivan Director/secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $947 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,410 |
| Capital Gain Net Income | $1,410 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $233 |
| Total Revenue | $2,591 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,233 |
| Total operating and administrative expenses | $4,808 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,071 |
| 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 | $40,290 |
| 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, Jersey Mortgage Company Foundation Inc has awarded $8,700 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: UNRESTRICTED | $4,000 |
West Orange, NJ PURPOSE: UNRESTRICTED | $1,250 |
THE ST MICHAEL'S PARISH PURPOSE: UNRESTRICTED | $1,000 |
Raritan, NJ PURPOSE: UNRESTRICTED | $1,000 |
POLICE UNITY TOUR PURPOSE: UNRESTRICTED | $800 |
Union, NJ PURPOSE: UNRESTRICTED | $650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Citizen Of Burma Award Organization Inc Jackson Heights, NY | $195,993 | $9,716,460 |
Cullen Foundation Buffalo, NY | $115,865,929 | $16,357,498 |
Molina Healthcare Charitable Foundation Wilmington, DE | $6,023,085 | $109,085 |
David R & Patricia D Atkinson Foundation Princeton, NJ | $114,019,131 | $20,460,455 |
Danoff Fam Private Charitable Foundation Tr Albany, NY | $116,755,274 | $33,799,667 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Herbert Allen Foundation New York, NY | $9,223,512 | $1,023,254 |
Select Equity Group Foundation New York, NY | $25,414,802 | $25,600,265 |
Workday Foundation Wilmington, DE | $43,827,189 | $3,435,808 |
Mark And Anla Cheng Kingdon Fund New York, NY | $181,150,001 | $35,415,082 |
Illumina Corporate Foundation Wilmington, DE | $8,163,072 | $7,329,761 |
John And Patricia Klingenstein Fund New York, NY | $121,264,191 | $78,254,052 |