Willens Family Foundation
- Assets
- $10.8m
- Revenue
- $1.2m
- Investments
- $10.8m
- Employees
- 0
- Location
- Short Hills, NJ
- Founding
- Data as of
- 12/2023
- EIN
- 84-3831250
Organization Overview
Willens Family Foundation is located in Short Hills, NJ. According to its NTEE Classification (H01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willens 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 12/2023, Willens Family Foundation generated $1.2m 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 (9.3%) each year. All expenses for the organization totaled $409.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Willens Family Foundation has awarded 63 individual grants totaling $1,049,250. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Willens Director Chairman; | 3 | $0 | |
Kevin Willens Director Treasure | 2 | $0 | |
Nicole Willens Director Secretary | 2 | $0 | |
Joanne Willens Director | 1 | $0 | |
Steven Willens Director | 1 | $0 | |
Jaclyn Willens Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,005,041 |
| Interest on Savings | $44,375 |
| Dividends & Interest | $176,852 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,550 |
| Capital Gain Net Income | $2,550 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,228,818 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,729 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,729 |
| Contributions, gifts, grants paid | $405,950 |
| Total expenses and disbursements | $409,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $10,761,702 |
| 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, Willens Family Foundation has awarded $405,950 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWESTERN UNIVERSITY PURPOSE: ENDOWMENT FUND RONALD AND JOANNE WILLENS CENTER FOR NANO ONCOLOGY | $203,000 |
CALTECH PURPOSE: ENDOWMENT FUND RONALD JOANNE WILLENS SCHOLAR | $25,000 |
FEEDING PALM BEACH FLORIDA PURPOSE: CHARITY | $9,550 |
MATTHEW LARSON FOUNDATION FOR PEDIA PURPOSE: CHARITY | $10,000 |
COMMUNITY FOODBANK OF NEW JERSEY PURPOSE: CHARITY | $7,550 |
URBAN INITIATIVES PURPOSE: CHARITY | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Breastcancer Org Ardmore, PA | $6,017,348 | $6,489,230 |
Myositis Support And Understanding Association Lincoln, DE | $111,437 | $444,144 |
Willens Family Foundation Short Hills, NJ | $10,761,702 | $1,228,818 |
Perlite Institute Inc Harrisburg, PA | $725,239 | $276,585 |
Brain Cancer Answer Foundation Rehoboth Beach, DE | $2,012 | $0 |
Scheuermanns Disease Fund McMurray, PA | $43,840 | $0 |
Caties Wish Foundation Mechanicsburg, PA | $3,530 | $22,716 |
Vexas Foundation Inc New York, NY | $475 | $0 |
Itri4acure Incorporated Congers, NY | $0 | $0 |