Nfi Foundation Inc
- Assets
- $15.2m
- Revenue
- $3.7m
- Investments
- $15.0m
- Employees
- 0
- Location
- Camden, NJ
- Founding
- Data as of
- 12/2023
- EIN
- 85-4179521
Organization Overview
Nfi Foundation Inc is located in Camden, NJ. 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. Nfi 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 12/2023, Nfi Foundation Inc generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.6%) each year.
Since 2021, Nfi Foundation Inc has awarded 53 individual grants totaling $1,140,733. 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 |
|---|---|---|---|
Sidney Brown Chairman And President | 0.25 | $0 | |
Irwin Brown Vice Chairman And Vice President | 0.25 | $0 | |
Jeffrey Brown Vice Chairman And Vice President | 0.25 | $0 | |
Steven Grabell Vice President | 0.25 | $0 | |
Jared Szychter Treasurer | 0.25 | $0 | |
Scott Brucker Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,420,237 |
| Interest on Savings | $100,334 |
| Dividends & Interest | $150,976 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,740 |
| Capital Gain Net Income | $19,740 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,962 |
| Total Revenue | $3,698,249 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $85,445 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $85,445 |
| Contributions, gifts, grants paid | $395,334 |
| Total expenses and disbursements | $480,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,776 |
| 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 | $10,256,213 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,237,609 |
| 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, Nfi Foundation Inc has awarded $395,334 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL FUND | $100,000 |
CAMDEN COMMUNITY PARTNERSHIP INC PURPOSE: GENERAL FUND | $50,000 |
FIDELITY INVESTMENTS CHARITABLE GIFT FUND PURPOSE: GENERAL FUND | $5,000 |
IMPACT CHARITY SERVICES INC PURPOSE: GENERAL FUND | $10,500 |
VIRTUA HEALTH EAT WELL DISTRIBUTION CENTER PURPOSE: GENERAL FUND | $33,334 |
CITY OF HOPE PURPOSE: GENERAL FUND | $6,000 |