Paterson Childrens Foundation Inc
- Assets
- $2.2m
- Revenue
- $224.1k
- Investments
- $2.2m
- Employees
- 0
- Location
- Hawthorne, NJ
- Founding
- 12/1940
- Data as of
- 06/2022
- EIN
- 22-1487292
Organization Overview
Paterson Childrens Foundation Inc is located in Hawthorne, NJ. The organization was established in 1940. According to its NTEE Classification (I21) the organization is classified as: Youth Violence Prevention, under the broad grouping of Crime & Legal-Related and related organizations. This organization is the central organization for a national or regional group of organizations. Paterson Childrens 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 06/2022, Paterson Childrens Foundation Inc generated $224.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $100.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Paterson Childrens Foundation Inc has awarded 42 individual grants totaling $698,074. 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 |
|---|---|---|---|
James R Suessmann Treasurer | 1 | $0 | |
David Vanlenten President | 1 | $0 | |
Cynthia Czesak Secretary | 1 | $0 | |
Fred Giannetto Trustee | 1 | $0 | |
Donald Steen Trustee | 1 | $0 | |
James Fairclough Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15 |
| Dividends & Interest | $45,943 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $178,140 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $224,098 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,444 |
| Total operating and administrative expenses | $22,632 |
| Contributions, gifts, grants paid | $77,574 |
| Total expenses and disbursements | $100,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $55,721 |
| 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 | $2,004,309 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,238,478 |
| Accounts payable and accrued expenses | $500 |
| 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 | $500 |
Grants Awarded
Over the last fiscal year, Paterson Childrens Foundation Inc has awarded $77,574 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MADISON AVENUE CROSSROAD PURPOSE: YEAR ROUND YOUTH PROGRAM | $20,000 |
PATERSON LIBRARY FOUNDATION PURPOSE: SUMMER READING PROGRAM | $20,000 |
SALESIAN SISTERS PURPOSE: SUMMER YOUTH PROGRAM | $16,574 |
Oakland, NJ PURPOSE: SUMMER CAMPS | $10,000 |
RIDGEWOOD SYMPHONY ORCHESTRA PURPOSE: SUMMER YOUTH PROGRAM | $6,000 |
Paterson, NJ PURPOSE: SUMMER YOUTH PROGRAM | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cattaraugus Community Action Inc Salamanca, NY | $8,199,277 | $10,722,581 |
The Ministry For Hope Inc Port Jefferson, NY | $5,734,088 | $7,131,985 |
March For Our Lives Action Fund New York, NY | $1,444,399 | $4,094,155 |
Preventative Aftercare Inc Grove City, PA | $1,759,174 | $5,105,601 |
Life Camps Incorporated Jamaica, NY | $3,184,482 | $4,732,245 |
Friends Of The Children New York New York, NY | $2,429,831 | $2,523,060 |
Girls For Gender Equity Inc-G G E Brooklyn, NY | $6,700,726 | $3,745,418 |
Francis Casey Inc Lewisburg, PA | $1,202,210 | $2,234,010 |
Community Connections For Youth Inc Bronx, NY | $1,526,442 | $1,635,131 |
Big Brothers Big Sisters Of Greater Pittsburgh Pittsburgh, PA | $2,886,178 | $2,309,747 |
Bais Menachem Youth Development Program Canadensis, PA | $2,472,833 | $1,498,593 |
Rockaway Development & Revitalization Corp Far Rockaway, NY | $2,234,678 | $1,726,927 |