Joseph & Arlene Taub Foundation
- Assets
- $22.1m
- Revenue
- $807.7k
- Investments
- $21.8m
- Employees
- 0
- Location
- Florham Park, NJ
- Founding
- 03/1968
- Data as of
- 12/2023
- EIN
- 22-6104545
Organization Overview
Joseph & Arlene Taub Foundation is located in Florham Park, NJ. The organization was established in 1968. 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. Joseph & Arlene Taub 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, Joseph & Arlene Taub Foundation generated $807.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Joseph & Arlene Taub Foundation has awarded 163 individual grants totaling $4,686,019. 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 |
|---|---|---|---|
Arlene Taub President | 2 | $0 | |
Marc Taub Vice President & Director | 2 | $0 | |
Michelle Tesser Secretary-Treasurer | 2 | $0 | |
Karen Taub Director | 2 | $0 | |
Scott Tesser Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $505,281 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $302,401 |
| Capital Gain Net Income | $302,401 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $807,682 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,975 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $69 |
| Total operating and administrative expenses | $255,230 |
| Contributions, gifts, grants paid | $1,097,500 |
| Total expenses and disbursements | $1,352,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,844 |
| Savings and temporary cash investments | $280,272 |
| 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 | $17,032 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,128,833 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,136,939 |
| 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, Joseph & Arlene Taub Foundation has awarded $1,097,500 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
A CURE IN OUR LIFETIME PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $11,000 |
ALZHEIMERS DRUG DISCOVERY FOUNDATION PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $5,500 |
AMERICAN HUMANE SOCIETYASSOCIATION PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $2,000 |
BOCA RATON REGIONAL HOSPITAL FOUNDATION PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $500 |
BREAST CANCER RESEARCH FOUNDATION PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $750,000 |
CENTER FOR FOOD ACTION IN NEW JERSEY PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $2,500 |