The Polevoy Family Foundation A New Jersey Nonprofit Corporation
- Assets
- $1.3m
- Revenue
- $117.5k
- Investments
- $1.2m
- Employees
- 0
- Location
- Wayne, NJ
- Founding
- 04/1988
- Data as of
- 11/2023
- EIN
- 22-2869566
Organization Overview
The Polevoy Family Foundation A New Jersey Nonprofit Corporation is located in Wayne, NJ. The organization was established in 1988. 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. Polevoy Family Foundation A New Jersey Nonprofit Corporation 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 11/2023, Polevoy Family Foundation A New Jersey Nonprofit Corporation generated $117.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $99.2k during the year ending 11/2023. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Polevoy Family Foundation A New Jersey Nonprofit Corporation has awarded 277 individual grants totaling $539,500. 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 |
|---|---|---|---|
Stuart Polevoy Vice President | 1 | $0 | |
Ira Polevoy Treasurer | 0 | $0 | |
Steven Polevoy Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $68,482 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,054 |
| Capital Gain Net Income | $49,054 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $117,536 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,701 |
| Total operating and administrative expenses | $18,201 |
| Contributions, gifts, grants paid | $81,000 |
| Total expenses and disbursements | $99,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,648 |
| 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 | $41,664 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,323,954 |
| 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, The Polevoy Family Foundation A New Jersey Nonprofit Corporation has awarded $81,000 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
200 CLUB OF ESSEX COUNTY PURPOSE: CHARITABLE GIFT | $250 |
ALZHEIMERS FDN OF AMERICA PURPOSE: CHARITABLE GIFT | $7,000 |
AMERICAN JEWISH WORLD SERVICE PURPOSE: CHARITABLE GIFT | $1,000 |
AMERICAN HEART ASSCIATION PURPOSE: CHARITABLE GIFT | $1,000 |
AMERICAN RED CROSS OF NORTHERN NEW JERSEY PURPOSE: CHARITABLE GIFT | $1,500 |
CARE PURPOSE: CHARITABLE GIFT | $1,000 |