James R And Sharon Omara Maida Foundation Inc
- Assets
- $15.0m
- Revenue
- $3.1m
- Investments
- $14.7m
- Employees
- 0
- Location
- Trenton, NJ
- Founding
- 07/1997
- Data as of
- 12/2022
- EIN
- 22-3479321
Organization Overview
James R And Sharon Omara Maida Foundation Inc is located in Trenton, 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 the central organization for a national or regional group of organizations. James R And Sharon Omara Maida 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, James R And Sharon Omara Maida Foundation Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 13.2% per year over the past 8 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, James R And Sharon Omara Maida Foundation Inc has awarded 274 individual grants totaling $9,840,718. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
RUTGERS UNIVERSITY FOUNDATION
LEHIGH UNIVERSITY-SCHOLARSHIP
RWJ BARNABAS HEALTHCARE SYSTEM
KUTZTOWN UNIVERSITY FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Maida Trustee | 0 | $0 | |
Sharon O Maida Trustee | 0 | $0 | |
Elaine L Maida Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,319,676 |
| Interest on Savings | $5,368 |
| Dividends & Interest | $337,085 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $467,714 |
| Capital Gain Net Income | $469,600 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,129,843 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,246 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,776 |
| Other expenses | $3,939 |
| Total operating and administrative expenses | $125,879 |
| Contributions, gifts, grants paid | $1,999,799 |
| Total expenses and disbursements | $2,125,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $306,909 |
| 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 | $6,259,504 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2 |
| Total assets | $15,040,013 |
| 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, James R And Sharon Omara Maida Foundation Inc has awarded $1,999,799 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
LEHIGH UNIVERSITY PURPOSE: SCHOLARSHIP | $680,000 |
KUTZTOWN UNIVER OF PA PURPOSE: SCHOLARSHIP | $45,000 |
MERCER STREET FRIENDS PURPOSE: CHILDREN'S ISSUES | $1,500 |
COLONIAL WILLIAMSBURG FUND PURPOSE: CULTURAL | $250 |
HOMEFRONT PURPOSE: CHILDREN'S ISSUES | $1,500 |
SAVE BARNEGAT BAY PURPOSE: CULTURAL | $1,700 |