Dick And Jackie Deskovick Foundation Inc
- Assets
- $6.4k
- Revenue
- $344.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 12/2000
- Data as of
- 12/2022
- EIN
- 22-3762653
Organization Overview
Dick And Jackie Deskovick Foundation Inc is located in Morristown, NJ. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dick And Jackie Deskovick 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, Dick And Jackie Deskovick Foundation Inc generated $344.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Dick And Jackie Deskovick Foundation Inc has awarded 26 individual grants totaling $1,185,514. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert R Deskovick Trustee | 0 | $0 | |
Louise Deskovick Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ron Ayers | 12/30/22 | $10,000 |
The Glenmede Trust | 12/30/22 | $4,983 |
Giordano Cohen Fastiggi Luciano Sweeney | 12/30/22 | $1,800 |
Wiley Malehorn Sirota & Raynes | 12/30/22 | $1,001 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $14,342 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $329,646 |
| Capital Gain Net Income | $329,646 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $343,992 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $67 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,983 |
| Total operating and administrative expenses | $7,851 |
| Contributions, gifts, grants paid | $1,058,966 |
| Total expenses and disbursements | $1,066,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,885 |
| Savings and temporary cash investments | $1,524 |
| 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 | $6,409 |
| 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, Dick And Jackie Deskovick Foundation Inc has awarded $1,058,966 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TRUSTEES OF THE MORRISTOWN GREEN PURPOSE: GENERAL MAINTENANCE OF TOWN GREEN AND FOUNTAIN | $11,000 |
THE FOUNDATION FOR MORRISTOWN MEDICAL CENTER PURPOSE: GENERAL OPERATIONS | $1,047,966 |