Corella And Bertram F Bonnerfoundation Inc
- Assets
- $57.7m
- Revenue
- $1.1m
- Investments
- $54.2m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 10/1980
- Data as of
- 06/2023
- EIN
- 22-2316452
Organization Overview
Corella And Bertram F Bonnerfoundation Inc is located in Princeton, NJ. The organization was established in 1980. 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. Corella And Bertram F Bonnerfoundation 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 06/2023, Corella And Bertram F Bonnerfoundation Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2023. 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 |
|---|---|---|---|
Robert Hackett President | 40 | $292,269 | |
William Bush Trustee | 0 | $10,000 | |
Charles Goodfellow Chairman | 0 | $10,000 | |
Elizabeth Paul Trustee | 0 | $10,000 | |
Anthony Richardson Trustee | 0 | $10,000 | |
Bernard Flynn Trustee | 0 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $202,348 |
| Dividends & Interest | $1,230,111 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,416,337 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,041,119 |
| Total Revenue | $1,057,241 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $362,860 |
| Other employee salaries and wages | $470,828 |
| Pension plans, employee benefits | $13,302 |
| Interest | $0 |
| Taxes | $76,767 |
| Depreciation | $60,025 |
| Occupancy | $36,639 |
| Travel, conferences, and meetings | $27,112 |
| Printing and publications | $0 |
| Other expenses | $416,937 |
| Total operating and administrative expenses | $1,529,628 |
| Contributions, gifts, grants paid | $1,184,951 |
| Total expenses and disbursements | $2,714,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,186,551 |
| Savings and temporary cash investments | $0 |
| 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 |
| Net Land, buildings, and equipment | $1,494,046 |
| Other assets | $802,351 |
| Total assets | $57,660,151 |
| Accounts payable and accrued expenses | $66,687 |
| 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 | $66,687 |