Jeffrey Frank Wacks Memorial Fund Inc
- Assets
- $36.5k
- Revenue
- $23.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Whippany, NJ
- Founding
- 11/1997
- Data as of
- 09/2022
- EIN
- 22-3473943
Organization Overview
Jeffrey Frank Wacks Memorial Fund Inc is located in Whippany, NJ. The organization was established in 1997. 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. Jeffrey Frank Wacks Memorial Fund 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 09/2022, Jeffrey Frank Wacks Memorial Fund Inc generated $23.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $38.6k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jeffrey Frank Wacks Memorial Fund Inc has awarded 22 individual grants totaling $234,113. 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 |
|---|---|---|---|
Theresa Youngelson Trustee/vice President | 0 | $0 | |
Ed Wacks Trustee/secretary | 15 | $0 | |
Gregory Wacks - Son Of Ed Wacks Trustee | 0 | $0 | |
Melissa Wacks - Daughter Of Ed Wack Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,844 |
| Interest on Savings | $15 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,859 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $596 |
| Total operating and administrative expenses | $597 |
| Contributions, gifts, grants paid | $38,013 |
| Total expenses and disbursements | $38,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,506 |
| 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 | $0 |
| Total assets | $36,506 |
| 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, Jeffrey Frank Wacks Memorial Fund Inc has awarded $38,013 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsfield, MA PURPOSE: CAPITAL GRANT FOR MUSIC | $25,000 |
DAMON RUNYAN CANCER CENTER PURPOSE: CANCER RESEARCH | $12,913 |
JEWISH FEDERATION OF THE BERKSHIRES PURPOSE: GENERAL FUND | $100 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jeffrey Frank Wacks Memorial Fund Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Walter F & Alice Gorham Foundation Inc Whippany, NJ PURPOSE: MUSIC THERAPY | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
Head & Heart Foundation Tr Wilmington, DE | $258,907,072 | $16,871,801 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |