E & H Parnes Foundation Inc
- Assets
- $0.0
- Revenue
- $1.8m
- Investments
- $1.7m
- Employees
- 0
- Location
- Edison, NJ
- Founding
- 11/1972
- Data as of
- 06/2022
- EIN
- 23-7237932
Organization Overview
E & H Parnes Foundation Inc is located in Edison, NJ. The organization was established in 1972. 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. E & H Parnes 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 06/2022, E & H Parnes Foundation Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $455.4k during the year ending 06/2022. While expenses have increased by 5.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, E & H Parnes Foundation Inc has awarded 116 individual grants totaling $1,787,919. 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
THE FOUNDATION IS SOLELY ENGAGED IN GRANT-MAKING ACTIVITIES AND IS FOLLOWING THE SPECIAL RULE.
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 |
|---|---|---|---|
Charles Parnes Foundation Mana | 3 | $0 | |
Emanuel Parnes Foundation Mana | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $470,000 |
| Interest on Savings | $41,981 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,255,752 |
| Total Revenue | $1,767,733 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $15,199 |
| Contributions, gifts, grants paid | $440,240 |
| Total expenses and disbursements | $455,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,713 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $1 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, E & H Parnes Foundation Inc has awarded $440,240 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF YESHIVA D'MIR PURPOSE: RELIGIOUS INSTITUTION | $26,000 |
CONG AGUDATH ISRAEL OF BORO PARK PURPOSE: SPIRITUAL DEVELOPMENT | $158,600 |
AMERICAN FRIENDS OF YESHIVA RASHBI PURPOSE: FURTHERANCE OF CHARITABLE ACTIVITIES. | $26,000 |
AMERICAN FRIENDS OF BAIT SHMAYA SCH PURPOSE: RELIGIOUS ACTIVITIES | $1,000 |
BAIS MEDRASH GOVAHA PURPOSE: RELIGIOUS ACTIVITIES | $10,000 |
BETH ABBA TRUST PURPOSE: FURTHERANCE OF CHARITABLE ACTIVITIES | $5,000 |