Friends Of T J Foundation Inc
- Assets
- $1.1m
- Revenue
- $161.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Cold Spring Harbor, NY
- Founding
- 04/2014
- Data as of
- 12/2021
- EIN
- 27-4035140
Organization Overview
Friends Of T J Foundation Inc is located in Cold Spring Harbor, NY. The organization was established in 2014. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Friends Of T J 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, Friends Of T J Foundation Inc generated $161.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $87.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION'S PURPOSE IS TO BENEFIT CANCER RESEARCH AND CANCER TREATMENT, SPECIFICALLY FUNDING DIRECT STUDIES ON RHABDOMYOSARCOMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A GRANT IN THE AMOUNT OF $50,000.00 WAS AWARDED TO COLD SPRING HARBOR LABORATORY TO HELP IN CANCER RESEARCH, SPECIFICALLY USED FOR DIRECT STUDIES ON RHABDOMYOSARCOMA. THIS WILL BE AN ANNUAL COMMITMENT TO THE LAB FROM THE FOUNDATION.
A GRANT IN THE AMOUNT OF $25,000 WAS AWARDED TO THE LANGENAU LAB AT MASSACHUSSETS GENERAL HOSPITAL IN SUPPORT OF THEIR RHABDOMYOSARCOMA RESEARCH PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Szczepanski Director | Trustee | 2 | $0 |
Kevin Dehond Director/cfo | Trustee | 2 | $0 |
Matthew Arcati Director/vp | Trustee | 2 | $0 |
Katherine Arcati Director/vp | Trustee | 2 | $0 |
Nancy Arcati Director/coo | Trustee | 2 | $0 |
Thomas Arcati Chairman/executive Directo | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $11,909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,168 |
| Net Income from Fundraising Events | $129,214 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $161,291 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,570 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,488 |
| Office expenses | $681 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $87,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,112 |
| Savings and temporary cash investments | $947,436 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,850 |
| Total assets | $1,104,398 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $254,688 |
| Total liabilities | $254,688 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $849,710 |
| Total liabilities and net assets/fund balances | $1,104,398 |
Grants Awarded
Over the last fiscal year, Friends Of T J Foundation Inc has awarded $75,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Cold Spring Harbor, NY PURPOSE: A GRANT IN THE AMOUNT OF $50,000.00 WAS AWARDED TO THE COLD SPRING HARBOR LABORATORY TO HELP IN CANCER RESEARCH, SPECIFICALLY USED FOR DIRECT STUDIES ON RHABDOMYOSARCOMA. THIS WILL BE AN ANNUAL COMMITMENT TO THE LAB FROM THE FOUNDATION. | $50,000 |
Somerville, MA PURPOSE: A GRANT IN THE AMOUNT OF $25,000 WAS AWARDED TO THE LANGENAU LAB AT MASSACHUSSETS GENERAL HOSPITAL IN SUPPORT OF THEIR RHABDOMYOSARCOMA RESEARCH PROGRAM. | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Friends Of T J Foundation Inc has recieved totaling $2,888.
| Awarding Organization | Amount |
|---|---|
Niki And Joseph Gregory Chartable Foundation Jericho, NY PURPOSE: CHARITABLE CONTRIBUTION | $2,500 |
Judith C White Foundation Inc Port Washington, NY PURPOSE: GENERAL SUPPORT | $375 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Lyford Cay Foundation Inc Greenwich, CT | $29,953,842 | $2,393,799 |
Donald P And Mary E Moriarty Charitable Foundation Chatham, NJ | $28,351,035 | $10,104,907 |
Reitmeier Charitable Trust U-W Fund Pittsburgh, PA | $0 | $783,026 |
Wings For Things Foundation Inc Sandy Hook, CT | $31,046,537 | $6,302,092 |
The Daniel E And Joyce G Straus Family Foundation Fort Lee, NJ | $70,788,886 | $23,200,737 |