Daum Foundation Inc
- Assets
- $2.1m
- Revenue
- $85.3k
- Investments
- $1.9m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 05/2004
- Data as of
- 12/2023
- EIN
- 01-0805950
Organization Overview
Daum Foundation Inc is located in Princeton, NJ. The organization was established in 2004. 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. Daum 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, Daum Foundation Inc generated $85.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $235.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Daum Foundation Inc has awarded 19 individual grants totaling $1,149,500. 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 |
|---|---|---|---|
Nicholas F Daum President & Trustee | 2 | $0 | |
Margaret E Daum Treasurer & Trustee | 2 | $0 | |
Nancy S Hearne Secretary & Trustee | 2 | $0 | |
Mary D Nichols Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $73,359 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,115 |
| Capital Gain Net Income | $6,115 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $783 |
| Total Revenue | $85,257 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,495 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $25,818 |
| Contributions, gifts, grants paid | $210,000 |
| Total expenses and disbursements | $235,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $208,345 |
| 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 | $104,350 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $942 |
| Total assets | $2,068,620 |
| 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, Daum Foundation Inc has awarded $210,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CAPITAL AREA IMMIGRANTS' RIGHTS COALITION PURPOSE: GENERAL PURPOSE - TO PROVIDE LEGAL SERVICES TO IMMIGRANTS AND REFUGEES. | $100,000 |
LOYOLA LAW SCHOOL LA PURPOSE: TO PROVIDE FUNDING FOR THE IMMIGRANT JUSTICE CLINIC. | $100,000 |
WESTERN JUSTICE CENTER PURPOSE: UNRESTRICTED CHARITABLE GRANT | $10,000 |