Minerva Foundation Inc
- Assets
- $11.7m
- Revenue
- $3.6m
- Investments
- $11.3m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 11/2006
- Data as of
- 10/2022
- EIN
- 20-1836334
Organization Overview
Minerva Foundation Inc is located in Pennington, NJ. The organization was established in 2006. According to its NTEE Classification (H19) the organization is classified as: Support N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minerva 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 10/2022, Minerva Foundation Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 60.4% each year . All expenses for the organization totaled $635.2k during the year ending 10/2022. While expenses have increased by 10.2% per year over the past 4 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 2020, Minerva Foundation Inc has awarded 38 individual grants totaling $1,564,116. 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 |
|---|---|---|---|
Dr W S Twaddell Trustee | 1 | $0 | |
Kristie Miller President | 1 | $0 | |
Ellen Johnson Twaddell Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $238,221 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,029,399 |
| Capital Gain Net Income | $3,029,399 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,567,620 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $15,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,076 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $99,013 |
| Contributions, gifts, grants paid | $536,214 |
| Total expenses and disbursements | $635,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,734 |
| Savings and temporary cash investments | $167,526 |
| 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 | $11,254,669 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,687,929 |
| 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, Minerva Foundation Inc has awarded $536,214 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Falmouth, MA PURPOSE: UNRESTRICTED GENERAL | $219,214 |
New York, NY PURPOSE: UNRESTRICTED GENERAL | $127,500 |
New York, NY PURPOSE: UNRESTRICTED GENERAL | $94,500 |
Washington, DC PURPOSE: UNRESTRICTED GENERAL | $28,000 |
Bronxville, NY PURPOSE: UNRESTRICTED GENERAL | $25,000 |
NATIONAL SCENIC VISITORS CENTER PURPOSE: UNRESTRICTED GENERAL | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wills Eye Ophthalmology Clinic Inc Philadelphia, PA | $5,850,737 | $19,602,999 |
Galien Foundation Inc New York, NY | $3,140,847 | $2,038,143 |
Minerva Foundation Inc Pennington, NJ | $11,687,929 | $3,567,620 |
Zebrafish Disease Models Society Clifton Park, NY | $286,470 | $0 |
International Thymic Malignancy Interest Group Sleepy Hollow, NY | $146,340 | $0 |
Alexanders Angels Inc Jericho, NY | $33,601 | $0 |
Angels For Alyssa Elliottsburg, PA | $14,269 | $0 |
Renemarie Language Of Love Foundation Inc Hawthorne, NJ | $630 | $0 |
Santhigram Foundation A Nj Nonprofit Corporation North Brunswick, NJ | $20,858 | $1,054 |
Rylies Smile Foundation Inc Rehoboth Beach, DE | $2,309 | $14,406 |
Puzzle Solvers Cortland, NY | $23,736 | $0 |
N Y Academy Of Medicine Ttee 124538 New York, NY | $158,350 | $3,224 |