E J Grassmann Trust
- Assets
- $21.9m
- Revenue
- $1.4m
- Investments
- $19.8m
- Employees
- 0
- Location
- Warren, NJ
- Founding
- 06/1980
- Data as of
- 12/2022
- EIN
- 22-6326539
Organization Overview
E J Grassmann Trust is located in Warren, NJ. The organization was established in 1980. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. E J Grassmann Trust 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, E J Grassmann Trust generated $1.4m 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 (9.4%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, E J Grassmann Trust has awarded 439 individual grants totaling $5,125,725. 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 |
|---|---|---|---|
William V Engel ESQ Trustee, Executive Director | 10 | $101,857 | |
Robert S Devlin ESQ Trustee | 3 | $66,442 | |
Suzanne B Engel Trustee | 3 | $70,856 | |
Michael O'neill Trustee | 3 | $54,914 | |
Amy M Ziebarth Trustee | 3 | $56,546 | |
Anita V Spivey Trustee (retired) | 0 | $15,942 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,677 |
| Dividends & Interest | $653,895 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $717,889 |
| Capital Gain Net Income | $515,359 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,445 |
| Total Revenue | $1,393,906 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $381,529 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $43,010 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61,677 |
| Total operating and administrative expenses | $523,826 |
| Contributions, gifts, grants paid | $1,639,235 |
| Total expenses and disbursements | $2,163,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,069 |
| Savings and temporary cash investments | $2,075,752 |
| 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 | $13,273,845 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,890,818 |
| 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, E J Grassmann Trust has awarded $1,639,235 in support to 141 organizations.
| Grant Recipient | Amount |
|---|---|
180 TURNING LIVES AROUND INC PURPOSE: CAPITAL FUND SUPPORT | $5,000 |
THE 567 CENTER FOR RENEWAL INC PURPOSE: CAPITAL FUND SUPPORT | $6,500 |
ACOMA CATHOLIC INDIAN MISSIONS PURPOSE: GENERAL OPERATING SUPPORT | $3,000 |
AMERICA'S GROW-A-ROW INC PURPOSE: CAPITAL FUND SUPPORT | $45,000 |
ARC OF MACON PURPOSE: CAPITAL FUND SUPPORT | $10,000 |
ADOPT-A-ROLE MODEL PROGRAM INC PURPOSE: CAPITAL FUND SUPPORT | $4,600 |