Leonard & Beatrice Diener Foundation
- Assets
- $909.7k
- Revenue
- $29.5k
- Investments
- $733.9k
- Employees
- 0
- Location
- Hackensack, NJ
- Founding
- 01/1956
- Data as of
- 12/2022
- EIN
- 22-6058585
Organization Overview
Leonard & Beatrice Diener Foundation is located in Hackensack, NJ. The organization was established in 1956. 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. Leonard & Beatrice Diener 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 12/2022, Leonard & Beatrice Diener Foundation generated $29.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $92.8k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | 2 | $0 | |
Name Not Listed Vice President | 1 | $0 | |
Adele Diener Secretary | 1 | $600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,484 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $44,415 |
| Net ST Capital Gain | $2,219 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,484 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,654 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33 |
| Total operating and administrative expenses | $2,847 |
| Contributions, gifts, grants paid | $90,000 |
| Total expenses and disbursements | $92,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,324 |
| Savings and temporary cash investments | $147,409 |
| 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 | $733,857 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,080 |
| Total assets | $909,670 |
| 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 | -$239 |
| Total liabilities | -$239 |
Grants Awarded
Over the last fiscal year, Leonard & Beatrice Diener Foundation has awarded $90,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH EDUCATIONAL CENTER PURPOSE: RELIGIOUS & EDUCATIONAL | $45,000 |
YESHIVA UNIVERSITY PURPOSE: RELIGIOUS & EDUCATIONAL | $28,000 |
STERN COLLEGE-YESHIVA UNIV PURPOSE: RELIGIOUS & EDUCATIONAL | $17,000 |