Oritani Charitable Foundation
- Assets
- $20.1m
- Revenue
- $586.3k
- Investments
- $19.4m
- Employees
- 0
- Location
- Ramsey, NJ
- Founding
- 02/2009
- Data as of
- 12/2023
- EIN
- 20-5692529
Organization Overview
Oritani Charitable Foundation is located in Ramsey, NJ. The organization was established in 2009. 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. Oritani Charitable 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 12/2023, Oritani Charitable Foundation generated $586.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $350.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (17.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Oritani Charitable Foundation has awarded 26 individual grants totaling $4,443,614. 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 |
|---|---|---|---|
Kevin J Lynch Executive Vice President/director | 0.5 | $0 | |
James J Doyle Jr Director | 0.5 | $0 | |
Robert S Hekemian Jr Director | 0.5 | $0 | |
Anne Mooradian Director | 0.5 | $0 | |
John M Fields Jr President/director | 12 | $0 | |
Judith Schumacher Tilton Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,740 |
| Dividends & Interest | $578,602 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $586,342 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,150 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,981 |
| Total operating and administrative expenses | $42,232 |
| Contributions, gifts, grants paid | $307,720 |
| Total expenses and disbursements | $349,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,683 |
| Savings and temporary cash investments | $550,465 |
| Net Accounts receivable | $95,875 |
| 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 | $11,839,483 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $37,406 |
| Total assets | $20,092,005 |
| Accounts payable and accrued expenses | $23,000 |
| Grants payable | $1,188,051 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $101,870 |
| Total liabilities | $1,312,921 |
Grants Awarded
Over the last fiscal year, Oritani Charitable Foundation has awarded $1,830,709 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BERGEN VOLUNTEER MEDICAL INITIATIVE INC PURPOSE: DONATION GENERAL SUPPORT | $110,000 |
CENTER FOR FOOD ACTION OF NEW JERSEY PURPOSE: DONATION GENERAL SUPPORT | $100,825 |
REED FOUNDATION FOR AUTISM PURPOSE: GREENS DO GOOD | $100,000 |
CUMACECHO INC PURPOSE: DONATION GENERAL SUPPORT | $200,403 |
THE VALERIE FUND PURPOSE: 5K WALK & RUN | $25,000 |
TABLE TO TABLE PURPOSE: DONATION GENERAL SUPPORT | $50,000 |