Homasote Foundation
- Assets
- $264.2k
- Revenue
- $7.8k
- Investments
- $258.7k
- Employees
- 0
- Location
- West Trenton, NJ
- Founding
- 08/1954
- Data as of
- 12/2023
- EIN
- 21-6018542
Organization Overview
Homasote Foundation is located in West Trenton, NJ. The organization was established in 1954. 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. Homasote 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, Homasote Foundation generated $7.8k 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 (24.2%) each year. All expenses for the organization totaled $24.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren Flicker President | 0.5 | $0 | |
Norman Sharlin Vice President | 0.5 | $0 | |
James M Reiser Treasurer | 0.5 | $0 | |
Jennifer Bartkovich Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,434 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$750 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,154 |
| Total Revenue | $7,838 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $49 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $223 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,915 |
| Contributions, gifts, grants paid | $20,850 |
| Total expenses and disbursements | $24,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52 |
| Savings and temporary cash investments | $5,450 |
| 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 | $264,170 |
| 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, Homasote Foundation has awarded $20,850 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN LUNG ASSOCIATION PURPOSE: LUNG DISEASE RESEARCH | $100 |
JDRF PURPOSE: FUND DIABETES RESEARCH | $2,500 |
FIRAT PRESBYTERIAN CHURCH OF HAMILTON SQUARE PURPOSE: ASSISTANCE TO RELIGEOUS ORG | $50 |
MARY'S CUPBOARD PURPOSE: MEALS AND ASSISTANCE TO INDIGENT PEOPLE | $50 |
FIRST PRESBYTERIAN CHURCH OF CHATTANOOGA PURPOSE: ASSISTANCE TO RELIGEOUS ORG | $100 |
THE VALERIE FUND PURPOSE: AID TO CHILDREN AT MEDICAL CENTERS | $100 |