The Rennoc Corporation Foundation Inc
- Assets
- $2.1m
- Revenue
- $214.2k
- Investments
- $2.1m
- Employees
- 0
- Location
- Sewell, NJ
- Founding
- 03/1996
- Data as of
- 12/2023
- EIN
- 22-3338564
Organization Overview
The Rennoc Corporation Foundation Inc is located in Sewell, NJ. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Rennoc Corporation 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 12/2023, Rennoc Corporation Foundation Inc generated $214.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $222.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rennoc Corporation Foundation Inc has awarded 138 individual grants totaling $1,006,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE CONTRIBUTIONS TO QUALIFYING, CHARITABLE, EDUCATIONAL, BENEVOLENT, RELIGIOUS, AND SCIENTIFIC ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel R Conner President | 0 | $0 | |
Kathryn E Vertolli Vice President | 0 | $0 | |
Karen B Iveson Vice President | 0 | $0 | |
Deborah L Conner Vice President | 0 | $0 | |
Kimberly S Conner Vice President | 0 | $0 | |
Carol L Conner Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $223,016 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,794 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $214,222 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,165 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $328 |
| Total operating and administrative expenses | $4,473 |
| Contributions, gifts, grants paid | $218,000 |
| Total expenses and disbursements | $222,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,667 |
| 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 | $2,095,161 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,096,828 |
| Accounts payable and accrued expenses | $4,130 |
| 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 | $4,130 |
Grants Awarded
Over the last fiscal year, The Rennoc Corporation Foundation Inc has awarded $218,000 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
AMIGOS DE JESUS PURPOSE: ASSISTANCE TOORPHANED CHILDREN | $2,500 |
BAYSHORE CENTER AT BIVALVE PURPOSE: PROTECTION OFENVIRONMENT ANDEDUCATION | $15,000 |
BIG DOG RANCH RESCUE PURPOSE: ANIMAL RESCUEAND REHABILITATION | $1,000 |
BOYS AND GIRLS CLUB OF ATLANTIC CITY PURPOSE: AFTER SCHOOLPROGRAMS FORYOUTH | $1,000 |
BRIDGET NESKO MEMORIAL FOUNDATION INC PURPOSE: SCHOLARSHIPS TOFAMILIES IMPACTED BYOVARIAN CANCER | $3,000 |
BROAD STREET MINISTRY PURPOSE: PROVIDES MEALS,SUPPLIES, AND SERVICESTO THOSE IN NEED | $5,000 |