Barer Family Foundation Inc
- Assets
- $318.9k
- Revenue
- $801.5k
- Investments
- $239.8k
- Employees
- 0
- Location
- Mendham, NJ
- Founding
- 05/2006
- Data as of
- 12/2023
- EIN
- 20-3972085
Organization Overview
Barer Family Foundation Inc is located in Mendham, 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. Barer Family 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 12/2023, Barer Family Foundation Inc generated $801.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $413.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Barer Family Foundation Inc has awarded 65 individual grants totaling $5,175,954. 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 |
|---|---|---|---|
Sol J Barer President, Treasurer,trustee | 0 | $0 | |
Meri I Barer Secretary, Trustee | 0 | $0 | |
Jennifer Zairi Trustee | 0 | $0 | |
Lori Ingber Trustee | 0 | $0 | |
Ilyssa Maisano Trustee | 0 | $0 | |
Joshua Barer Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $496,356 |
| Interest on Savings | $458 |
| Dividends & Interest | $7,251 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $297,409 |
| Capital Gain Net Income | $297,409 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $801,474 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,000 |
| Contributions, gifts, grants paid | $410,000 |
| Total expenses and disbursements | $413,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $77,938 |
| 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 | $1,197 |
| Total assets | $318,947 |
| 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, Barer Family Foundation Inc has awarded $410,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF RAMBAM PURPOSE: PUBLIC WELFARE | $200,000 |
AMERICAN FRIENDS OF ISRAEL DEMOCRACY INSTITUTE PURPOSE: PUBLIC WELFARE | $50,000 |
HACKENSACK MERIDIAN HEALTH FOUNDATION PURPOSE: PUBLIC WELFARE | $10,000 |
UNION COUNTY TORAH CENTER PURPOSE: PUBLIC WELFARE | $50,000 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: PUBLIC WELFARE | $50,000 |
PEF ISRAEL ENDOWMENT FUNDS INC PURPOSE: PUBLIC WELFARE | $50,000 |