Henry S And Agnes M Truzack Foundation
- Assets
- $2.2m
- Revenue
- $22.3k
- Investments
- $1.8m
- Employees
- 0
- Location
- Westfield, NJ
- Founding
- 08/2005
- Data as of
- 12/2022
- EIN
- 13-7448454
Organization Overview
Henry S And Agnes M Truzack Foundation is located in Westfield, NJ. The organization was established in 2005. 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. Henry S And Agnes M Truzack 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 12/2022, Henry S And Agnes M Truzack Foundation generated $22.3k 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 (40.0%) each year. All expenses for the organization totaled $155.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Henry S And Agnes M Truzack Foundation has awarded 84 individual grants totaling $436,720. 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 |
|---|---|---|---|
Paul Stierhoff Trustee | 9 | $11,792 | |
Valerie Stierhoff Trustee | 3 | $2,358 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $277 |
| Dividends & Interest | $39,506 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$24,664 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,207 |
| Total Revenue | $22,326 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,150 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,244 |
| Total operating and administrative expenses | $17,454 |
| Contributions, gifts, grants paid | $138,150 |
| Total expenses and disbursements | $155,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $359,126 |
| 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 | $1,810,493 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,169,619 |
| 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, Henry S And Agnes M Truzack Foundation has awarded $138,150 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS' LATIN SCHOOL OF MARYLAND PURPOSE: PRIMARY & SECONDARY EDUCATION NEEDS OF STUDENTS | $1,000 |
NEW JERSEY INTERGENERATIONAL ORCHES PURPOSE: PROVIDE TALENTED YOUNG MUSICIANS WITH AN ORCHESTRAL TRAINING EXPERIENCE THAT WOULD ENABLE THEM TO REACH THEIR HIGHEST POTENTIAL AS PERFORMERS AND LISTENERS. | $5,000 |
PRESBYTERIAN CHURCH OF WESTFIELD PURPOSE: SUPPORT OF MISSION AND OUTREACH PROGRAMS OF THE CHURCH. | $5,000 |
YOUTH ORCHESTRA OF ESSEX CO PURPOSE: PROVIDES ELEMENTARY THROUGH HIGH SCHOOL STUDENTS AN ADVANCED ORCHESTRAL & CONCERT EXPERIENCE. PROVIDES A VARIETY OF PERFORMANCE VENUES TO EXTEND THE EXPERIENCE LEVEL AND MUSIC APPRECIATION OF YOUNG MUSICIANS. | $4,000 |
DREW UNIVERSITY PURPOSE: UNDERGRADUATE AND GRADUATE NEED OF STUDENTS. | $15,000 |
NEW JERSEY SEEDS PURPOSE: PREPARES ACADEMICALLY-TALENTED, FINANCIALLY-LIMITED STUDENTS FOR SUCCESS AT COMPETATIVE SECONDARY SCHOOLS AND COLLEGES. | $3,000 |