Carolyn Eleanore Damon Family Foundation
- Assets
- $1.9m
- Revenue
- $54.3k
- Investments
- $1.8m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 02/2017
- Data as of
- 12/2022
- EIN
- 30-6529592
Organization Overview
Carolyn Eleanore Damon Family Foundation is located in Pennington, NJ. The organization was established in 2017. 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. Carolyn Eleanore Damon Family 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 12/2022, Carolyn Eleanore Damon Family Foundation generated $54.3k 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 (17.6%) each year. All expenses for the organization totaled $123.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $38,315 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,958 |
| Capital Gain Net Income | $15,958 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $54,273 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,990 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,492 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $244 |
| Total operating and administrative expenses | $34,726 |
| Contributions, gifts, grants paid | $88,845 |
| Total expenses and disbursements | $123,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185 |
| Savings and temporary cash investments | $64,258 |
| 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 | $1,363,398 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,890,675 |
| 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, Carolyn Eleanore Damon Family Foundation has awarded $88,845 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHICAGO PUBLIC LIBRARY FOUNDATION PURPOSE: GENERAL OPERATING | $26,653 |
FRIENDS OF THE CHICAGO RIVER PURPOSE: GENERAL OPERATING | $62,192 |