Penny Fischbach Cutler Foundationinc
- Assets
- $143.6k
- Revenue
- $32.7k
- Investments
- $150.6k
- Employees
- 0
- Location
- Ridgewood, NJ
- Founding
- 06/2006
- Data as of
- 09/2023
- EIN
- 20-3911157
Organization Overview
Penny Fischbach Cutler Foundationinc is located in Ridgewood, NJ. The organization was established in 2006. 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. Penny Fischbach Cutler Foundationinc 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 09/2023, Penny Fischbach Cutler Foundationinc generated $32.7k 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 (6.9%) each year. All expenses for the organization totaled $86.8k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Penny Fischbach Cutler Foundationinc has awarded 54 individual grants totaling $124,866. 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 |
|---|---|---|---|
Penny Cutler Dir/ Pres | 20 | $0 | |
Jonathan Cutler Dir/ VP | 0.5 | $0 | |
Sara Cohen Dir/vp | 0.5 | $0 | |
Lonnie Wollin Secy/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,612 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,098 |
| Capital Gain Net Income | $11,098 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,710 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $111 |
| Taxes | $1,225 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,984 |
| Printing and publications | $0 |
| Other expenses | $32,800 |
| Total operating and administrative expenses | $44,242 |
| Contributions, gifts, grants paid | $42,526 |
| Total expenses and disbursements | $86,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$6,504 |
| Savings and temporary cash investments | -$500 |
| 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 | $0 |
| Total assets | $143,615 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $39,015 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $39,015 |
Grants Awarded
Over the last fiscal year, Penny Fischbach Cutler Foundationinc has awarded $42,526 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICARES PURPOSE: CHARITABLE | $1,000 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE PURPOSE: CHARITABLE | $1,000 |
BRANDEIS UNIVERSITY PURPOSE: EDUCATIONAL | $2,500 |
KRAVIS CENTER FOR THE PERFORMING ARTS PURPOSE: EDUCATIONAL | $410 |
CENTRAL SYNAGOGUE PURPOSE: RELIGIOUS | $500 |
GEFFEN ACADEMY PURPOSE: EDUCATIONAL | $5,000 |