Charles Foundation Inc
- Assets
- $0.0
- Revenue
- $2.5m
- Investments
- $22.7m
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 08/1994
- Data as of
- 12/2021
- EIN
- 22-3292066
Organization Overview
Charles Foundation Inc is located in Morristown, NJ. The organization was established in 1994. 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. Charles 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 12/2021, Charles Foundation Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Charles Foundation Inc has awarded 301 individual grants totaling $10,019,900. 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 |
|---|---|---|---|
Robert C Rooke Pres-Treas/trustee | 5 | $0 | |
Natalie D Rooke Vice Pres/trustee | 5 | $0 | |
Robert C Rooke Jr Secretary/trustee | 5 | $0 | |
Thomas W Rooke Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,309,042 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,501,550 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $95,547 |
| Contributions, gifts, grants paid | $2,000,600 |
| Total expenses and disbursements | $2,096,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $556,744 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Charles Foundation Inc has awarded $1,943,000 in support to 72 organizations.
| Grant Recipient | Amount |
|---|---|
ALBANY KNICKERBOCKER RUGBY FOOTBALL CLUB INC PURPOSE: EDUCATION | $15,000 |
ANDOVER FIRE PURPOSE: MEDICAL | $35,000 |
ANDROSCOGGIN HOME HEALTHCARE & HOSPICE PURPOSE: MEDICAL | $15,000 |
ARTS QUEST PURPOSE: ARTS | $5,000 |
ASSUMPTION SCHOOL PURPOSE: EDUCATION | $5,000 |
BABSON COLLEGE PURPOSE: EDUCATION | $20,000 |