Perrin Foundation Inc
- Assets
- $11.9m
- Revenue
- $505.9k
- Investments
- $11.5m
- Employees
- 0
- Location
- Montclair, NJ
- Founding
- 11/1943
- Data as of
- 12/2022
- EIN
- 22-6049335
Organization Overview
Perrin Foundation Inc is located in Montclair, NJ. The organization was established in 1943. 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. Perrin 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, Perrin Foundation Inc generated $505.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $977.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Perrin Foundation Inc has awarded 177 individual grants totaling $6,250,300. 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
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David C Wohlgemuth Secretary | 0.3 | $0 | |
David Parsons Director | 0.3 | $0 | |
Robert Dadd President | 0.5 | $0 | |
Robert Q Bennett Director | 0.3 | $0 | |
Robert Sullivan Treasurer | 0.5 | $0 | |
Daniel J Mearns Director | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $314,153 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $191,778 |
| Capital Gain Net Income | $191,778 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $505,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,489 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $396 |
| Total operating and administrative expenses | $134,027 |
| Contributions, gifts, grants paid | $843,500 |
| Total expenses and disbursements | $977,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,910 |
| Savings and temporary cash investments | $337,919 |
| 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 | $8,444,707 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,851,129 |
| 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, Perrin Foundation Inc has awarded $843,500 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ANTHEM SONGS INC PURPOSE: GENERAL CHARITABLE | $10,000 |
BELIEVERS STEWARDSHIP SERVICES PURPOSE: GENERAL CHARITABLE | $75,000 |
BIBLE & LIFE MINISTRIES INC PURPOSE: GENERAL CHARITABLE | $1,500 |
CAMP IROQUOINA PURPOSE: GENERAL CHARITABLE | $10,000 |
CAMP LI-LO-LI PURPOSE: GENERAL CHARITABLE | $10,000 |
CHICAGO MISSIONARY STUDY CLASS PURPOSE: GENERAL CHARITABLE | $10,000 |