Beatrice M Gutkin Foundation
- Assets
- $84.3k
- Revenue
- $3.4k
- Investments
- $74.2k
- Employees
- 0
- Location
- Newton, NJ
- Founding
- 03/1953
- Data as of
- 12/2023
- EIN
- 22-6042358
Organization Overview
Beatrice M Gutkin Foundation is located in Newton, NJ. The organization was established in 1953. 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. Beatrice M Gutkin Foundation 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 12/2023, Beatrice M Gutkin Foundation generated $3.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $2.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (14.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED DONATIONS TO VARIOUS CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin J Gutkin Ceotrustee | 1 | $0 | |
Linda Warner Presidenttrustee | 1 | $0 | |
David Greenberg VP Trustee | 1 | $0 | |
Wendi Gutkin VP Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,874 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,517 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,357 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $86 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,142 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,006 |
| Savings and temporary cash investments | $9,103 |
| 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 | $74,219 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $84,328 |
| 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, Beatrice M Gutkin Foundation has awarded $5,700 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ASPCA PURPOSE: DONATION | $500 |
MEMORIAL SLOAN KETTERING CANCER PURPOSE: DONATION | $1,000 |
AMERICAN CANCER SOCIETY PURPOSE: DONATION | $800 |
AMERCIAN DIABETES ASSOCIATION PURPOSE: DONATION | $1,000 |
FREDON TOWNSHIP RESCUE SQUAD PURPOSE: DONATION | $600 |
US HOLOCAUST MUSEUM PURPOSE: DONATION | $1,000 |