Montclair Fund For Women Inc
- Assets
- $3.1m
- Revenue
- $71.4k
- Investments
- $2.7m
- Employees
- 0
- Location
- Montclair, NJ
- Founding
- 07/1942
- Data as of
- 06/2024
- EIN
- 22-1487577
Organization Overview
Montclair Fund For Women Inc is located in Montclair, NJ. The organization was established in 1942. According to its NTEE Classification (P27) the organization is classified as: Young Mens or Womens Associations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montclair Fund For Women 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, Montclair Fund For Women Inc generated $71.4k 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 (6.4%) each year. All expenses for the organization totaled $188.8k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Montclair Fund For Women Inc has awarded 89 individual grants totaling $683,088. 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 |
|---|---|---|---|
Tanya Poteat President | 3 | $0 | |
Catherine Bolder Secretary | 3 | $0 | |
Susan Schwei Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $74,872 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,522 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,350 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $57,500 |
| Pension plans, employee benefits | $5,478 |
| Interest | $0 |
| Taxes | $735 |
| Depreciation | $0 |
| Occupancy | $294 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,539 |
| Total operating and administrative expenses | $88,772 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $188,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,032 |
| Savings and temporary cash investments | $7,102 |
| 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 | $1,265 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,717,154 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $334,444 |
| Total assets | $3,091,997 |
| 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 | $7,997 |
| Total liabilities | $7,997 |
Grants Awarded
Over the last fiscal year, Montclair Fund For Women Inc has awarded $100,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY PROMISE OF ESSEX COUNTY PURPOSE: GENERAL CHARITABLE | $10,000 |
JAZZ HOUSE KIDS INC PURPOSE: GENERAL CHARITABLE | $12,500 |
MINDFUL AWARENESS ACADEMY FOR CHILD PURPOSE: GENERAL CHARITABLE | $10,000 |
MONTCLAIR FUND FOR EDUCATIONAL EXCE PURPOSE: GENERAL CHARITABLE | $7,500 |
MONTCLAIR NEIGHBORHOOD DEVELOPMENT PURPOSE: GENERAL CHARITABLE | $10,000 |
PARTNERS PURPOSE: GENERAL CHARITABLE | $5,000 |