Borgenicht Foundation Inc
- Assets
- $10.5m
- Revenue
- $912.9k
- Investments
- $9.9m
- Employees
- 0
- Location
- Long Valley, NJ
- Founding
- 10/2003
- Data as of
- 03/2023
- EIN
- 20-0051444
Organization Overview
Borgenicht Foundation Inc is located in Long Valley, NJ. The organization was established in 2003. 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. Borgenicht 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.
Since 2016, Borgenicht Foundation Inc has awarded 167 individual grants totaling $4,258,000. 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 |
|---|---|---|---|
Frances Borgenicht Trustee | 0 | $0 | |
David Bennett Trustee | 0 | $0 | |
Yoel Borgenicht Trustee | 0 | $0 | |
Berta Kerr Trustee | 0 | $0 | |
Jan Schwartz Baden Trustee | 0 | $0 | |
Regina Kerr Alonzo Trustee | 0 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $187,343 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $821,867 |
| Capital Gain Net Income | $821,867 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$96,276 |
| Total Revenue | $912,947 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,960 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,398 |
| Total operating and administrative expenses | $131,968 |
| Contributions, gifts, grants paid | $620,000 |
| Total expenses and disbursements | $751,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $633,867 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $375 |
| 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 | -$350,370 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,512,282 |
| 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, Borgenicht Foundation Inc has awarded $620,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
DELAWARE CENTER FOR CONTEMPORARY AR PURPOSE: GENERAL FUND | $27,000 |
THE ABRAHAM FUND INITIATIVES PURPOSE: GENERAL FUND | $90,000 |
EMBRELLA PURPOSE: GENERAL FUND | $40,000 |
GOUCHER COLLEGE PURPOSE: GENERAL FUND | $10,000 |
PUBLIC ALLIES DELAWARE PURPOSE: GENERAL FUND | $18,000 |
AMERICANS UNITED FOR SEPARATION CHU PURPOSE: GENERAL FUND | $100,000 |