Mushett Family Foundation Inc
- Assets
- $8.7m
- Revenue
- $480.2k
- Investments
- $7.9m
- Employees
- 0
- Location
- Chester, NJ
- Founding
- 06/2002
- Data as of
- 05/2024
- EIN
- 22-3614593
Organization Overview
Mushett Family Foundation Inc is located in Chester, NJ. The organization was established in 2002. 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. Mushett Family 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 05/2024, Mushett Family Foundation Inc generated $480.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $783.3k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mushett Family Foundation Inc has awarded 172 individual grants totaling $5,153,853. 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 |
|---|---|---|---|
Mark Daaleman Elec 061721 President | 5 | $45,999 | |
James Morgan MD Trustee | 2 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $384,559 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $95,684 |
| Capital Gain Net Income | $95,684 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $480,243 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $51,999 |
| Other employee salaries and wages | $18,827 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29,680 |
| Depreciation | $1,002 |
| Occupancy | $17,705 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,544 |
| Total operating and administrative expenses | $164,380 |
| Contributions, gifts, grants paid | $618,945 |
| Total expenses and disbursements | $783,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $781,225 |
| 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 | $3,195,033 |
| Net Land, buildings, and equipment | $3,593 |
| Other assets | $6,560 |
| Total assets | $8,674,950 |
| 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, Mushett Family Foundation Inc has awarded $618,945 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB UC PURPOSE: GENERAL OPERATING | $20,000 |
CATHOLIC MEDICAL MISSON BOARD PURPOSE: GENERAL OPERATING | $45,000 |
CATHOLIC CHARITIES USA PURPOSE: GENERAL OPERATING | $5,000 |
COMMUNITY FOOD BANK OF NJ INC PURPOSE: GENERAL OPERATING | $41,000 |
COVENANT HOUSE NJ INC PURPOSE: GENERAL OPERATING | $25,500 |
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL OPERATING | $60,000 |