Paterson Childrens Foundation Inc
- Assets
- $2.0m
- Revenue
- $38.5k
- Investments
- $1.6m
- Employees
- 0
- Location
- Hawthorne, NJ
- Founding
- 12/1940
- Data as of
- 06/2024
- 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 06/2024, Paterson Childrens Foundation Inc generated $38.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $129.8k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Paterson Childrens Foundation Inc has awarded 55 individual grants totaling $858,336. 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 |
|---|---|---|---|
David Vanlenten President | 0 | $0 | |
James R Suessmann Treasurer | 0 | $0 | |
Inge Spungen Trustee | 0 | $0 | |
Christine Piano Secretary | 0 | $0 | |
Donald Steen Trustee | 0 | $0 | |
James Fairclough Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,685 |
| Dividends & Interest | $46,744 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$25,950 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,479 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,233 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,791 |
| Total operating and administrative expenses | $23,259 |
| Contributions, gifts, grants paid | $106,500 |
| Total expenses and disbursements | $129,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $413,154 |
| 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 | $1,349,983 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,003,059 |
| Accounts payable and accrued expenses | $4,750 |
| 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 | $156 |
| Total liabilities | $4,906 |
Grants Awarded
Over the last fiscal year, Paterson Childrens Foundation Inc has awarded $106,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SALESIAN SISTERS PURPOSE: SUMMER YOUTH PROGRAM | $10,000 |
PATERSON ALLIANCE PURPOSE: SUMMER YOUTH PROGRAM | $17,500 |
MADISON AVENUE CROSSROAD PURPOSE: YEAR ROUND YOUTH PROGRAM | $20,000 |
PATERSON MUSIC PROJECT PURPOSE: ENHANCE MUSIC APPRECIATION | $10,000 |
DAWN TREADER SCHOOL PURPOSE: SUMMER CAMP | $10,000 |
CAMP YDP PURPOSE: SUMMER CAMP | $10,000 |