Elizabeth And Barets O Benjamin Charitable Foundation Inc
- Assets
- $9.6m
- Revenue
- $997.0k
- Investments
- $8.4m
- Employees
- 0
- Location
- Florham Park, NJ
- Founding
- 02/1996
- Data as of
- 12/2022
- EIN
- 22-3390586
Organization Overview
Elizabeth And Barets O Benjamin Charitable Foundation Inc is located in Florham Park, 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. Elizabeth And Barets O Benjamin Charitable 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 12/2022, Elizabeth And Barets O Benjamin Charitable Foundation Inc generated $997.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $810.6k during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary R Lasser Trustee/president | 0.25 | $0 | |
Peter Lasser Vp/treas | 2 | $0 | |
Andrew Stamelman ESQ Trustee/secretary | 2 | $0 | |
Julia Watt-Rosenfeld Trustee | 0.25 | $0 | |
Vicki Rudnitsky Trustee | 0.25 | $0 | |
Madeleine Lasser Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
1919 Investment Counsel Llc | 12/30/22 | $85,598 |
The Philanthropic Initiative | 12/30/22 | $54,163 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $87,742 |
| Dividends & Interest | $129,193 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $780,086 |
| Capital Gain Net Income | $780,086 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $997,021 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,974 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $913 |
| Printing and publications | $0 |
| Other expenses | $359 |
| Total operating and administrative expenses | $177,649 |
| Contributions, gifts, grants paid | $633,000 |
| Total expenses and disbursements | $810,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $1,199,704 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,098 |
| Total assets | $9,561,962 |
| 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, Elizabeth And Barets O Benjamin Charitable Foundation Inc has awarded $862,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BEN SCHOLARSHIP FUND PURPOSE: FOR OPERATIONS | $166,000 |
BOSTON FOUNDATION INC PURPOSE: FOR OPERATIONS | $696,000 |