The James J Mcinerney & Gary R Fafard Foundation Inc 87c-74c10
- Assets
- $985.3k
- Revenue
- $125.9k
- Investments
- $896.8k
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 05/2001
- Data as of
- 12/2023
- EIN
- 06-1602836
Organization Overview
The James J Mcinerney & Gary R Fafard Foundation Inc 87c-74c10 is located in Pennington, NJ. The organization was established in 2001. 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. James J Mcinerney & Gary R Fafard Foundation Inc 87c-74c10 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, James J Mcinerney & Gary R Fafard Foundation Inc 87c-74c10 generated $125.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $64.6k during the year ending 12/2023. While expenses have increased by 10.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, James J Mcinerney & Gary R Fafard Foundation Inc 87c-74c10 has awarded 37 individual grants totaling $249,000. 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 |
|---|---|---|---|
James J Mcinerney President | 2 | $0 | |
Gary R Fafard Secretary | 0 | $0 | |
Edward V Genco Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $87,144 |
| Interest on Savings | $0 |
| Dividends & Interest | $38,592 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $131 |
| Capital Gain Net Income | $131 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $125,867 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,570 |
| Contributions, gifts, grants paid | $53,000 |
| Total expenses and disbursements | $64,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,068 |
| Savings and temporary cash investments | $87,415 |
| 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 | $770,851 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $985,252 |
| 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, The James J Mcinerney & Gary R Fafard Foundation Inc 87c-74c10 has awarded $53,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICARES FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $7,000 |
CONNECTICUT FOOD BANK PURPOSE: UNRESTRICTED GENERAL | $10,000 |
CH BOOTH LIBRARY PURPOSE: UNRESTRICTED GENERAL | $10,000 |
WNET PURPOSE: UNRESTRICTED GENERAL | $7,000 |
TEAM RUBICON PURPOSE: UNRESTRICTED GENERAL | $9,000 |
FAITH FOOD PANTRY OF NEWTOWN INC PURPOSE: UNRESTRICTED GENERAL | $10,000 |