The Cestone Family Foundation Inc
- Assets
- $8.7m
- Revenue
- $829.2k
- Investments
- $8.5m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 22-6703196
Organization Overview
The Cestone Family Foundation Inc is located in Pennington, NJ. The organization was established in 1996. 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. Cestone Family 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 12/2021, Cestone Family Foundation Inc generated $829.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 32.3% each year . All expenses for the organization totaled $630.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cestone Family Foundation Inc has awarded 103 individual grants totaling $1,289,100. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria A Cestone President/director | 1 | $0 | |
Michele J Cestone Treasurer/director | 35 | $75,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $316,672 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $509,266 |
| Capital Gain Net Income | $615,656 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,223 |
| Total Revenue | $829,161 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $173,459 |
| Contributions, gifts, grants paid | $457,000 |
| Total expenses and disbursements | $630,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84 |
| Savings and temporary cash investments | $170,182 |
| Net Accounts receivable | $50,000 |
| 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 | $514,466 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,693,997 |
| 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, The Cestone Family Foundation Inc has awarded $498,650 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
ADLER APHASIA CENTER PURPOSE: THERAPEUTIC LIFE SKILLS PROGRAMMING TO ADVANCE APHASIA REHABILITATION | $5,000 |
AMERICAN MUSEUM OF NATURAL HISTORY PURPOSE: DISCOVERY ROOM AT THE AMERICAN MUSEUM OF NATURAL HISTORY | $15,000 |
CAPITAL HARMONY WORKS PURPOSE: TEACHING ARTIST SUPPORT | $25,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: DISASTER RESPONSE FOR HURRICANE IAN | $7,500 |
COMMUNITY HOPE INC PURPOSE: HOMELESS WOMEN VETERANS' AFFORDABLE HOUSING AND SERVICES PROGRAMS | $10,000 |
COMMUNITY MEDICAL CENTER FOUNDATION PURPOSE: COMMUNITY MEDICAL CENTER OBSTETRIC SOLUTION | $5,000 |