Joelson Foundation
- Assets
- $18.5m
- Revenue
- $665.0k
- Investments
- $18.4m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 08/1967
- Data as of
- 03/2023
- EIN
- 13-6220799
Organization Overview
Joelson Foundation is located in Princeton, NJ. The organization was established in 1967. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Joelson 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 03/2023, Joelson Foundation generated $665.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.3m during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Joelson Foundation has awarded 218 individual grants totaling $1,674,423. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara J Fife President Emeritus | 35 | $150,000 | |
Richard Fife Director | 1 | $0 | |
Evelyn Lipton President | 20 | $90,000 | |
Howard Fife Treasurer/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,490 |
| Dividends & Interest | $485,677 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $170,797 |
| Capital Gain Net Income | $170,797 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $664,964 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $240,000 |
| Other employee salaries and wages | $80,066 |
| Pension plans, employee benefits | $29,770 |
| Interest | $0 |
| Taxes | $110,535 |
| Depreciation | $0 |
| Occupancy | $75,132 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $57,031 |
| Total operating and administrative expenses | $712,778 |
| Contributions, gifts, grants paid | $617,500 |
| Total expenses and disbursements | $1,330,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $76,836 |
| 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 | $5,602 |
| Total assets | $18,511,125 |
| 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, Joelson Foundation has awarded $530,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED PURPOSE: GENERAL OPERATING SUPPORT | $523,500 |
VARIOUS CONTRIBUTIONS PURPOSE: GENERAL OPERATING SUPPORT | $6,500 |