Van Essen Family Foundation
- Assets
- $1.9m
- Revenue
- $11.5k
- Investments
- $1.9m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 10/2018
- Data as of
- 12/2022
- EIN
- 82-3529558
Organization Overview
Van Essen Family Foundation is located in Pennington, NJ. The organization was established in 2018. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Van Essen Family 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, Van Essen Family Foundation generated $11.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (52.0%) each year. All expenses for the organization totaled $168.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Van Essen Family Foundation has awarded 154 individual grants totaling $610,500. 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 |
|---|---|---|---|
Owen Van Essen President | 0 | $0 | |
Katherine Van Essen Secretary/treasurer | 0 | $0 | |
Daniel R Van Essen Director | 0 | $2,000 | |
Joel B Van Essen Director | 0 | $2,000 | |
Trevor T Van Essen Director | 0 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $41,395 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$29,867 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,528 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,235 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,810 |
| Total operating and administrative expenses | $31,316 |
| Contributions, gifts, grants paid | $137,500 |
| Total expenses and disbursements | $168,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,644 |
| Savings and temporary cash investments | $31,487 |
| 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 | $1,880,577 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,913,708 |
| 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, Van Essen Family Foundation has awarded $137,500 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
MICHIGAN STATE UNIVERSITY PURPOSE: UNRESTRICTED GENERAL | $1,000 |
THE NATURE CONSERVANCY PURPOSE: UNRESTRICTED GENERAL | $5,000 |
SANTA FE PREPARATORY SCHOOL PURPOSE: UNRESTRICTED GENERAL | $8,000 |
MUSEUM OF NEW MEXICO FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $1,000 |
SPECIAL OLYMPICS NEW MEXICO PURPOSE: UNRESTRICTED GENERAL | $3,000 |
SANTA FE CHILDREN'S MUSEUM INC PURPOSE: UNRESTRICTED GENERAL | $5,000 |