Roger S Firestone Foundation
- Assets
- $11.3m
- Revenue
- $486.5k
- Investments
- $9.9m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 05/1983
- Data as of
- 12/2022
- EIN
- 34-1388255
Organization Overview
Roger S Firestone Foundation is located in Pennington, NJ. The organization was established in 1983. 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. Roger S Firestone 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, Roger S Firestone Foundation generated $486.5k 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 (4.5%) each year. All expenses for the organization totaled $588.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Roger S Firestone Foundation has awarded 110 individual grants totaling $2,129,463. 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 |
|---|---|---|---|
John D Firestone Trustee/president | 8 | $0 | |
Gay F Wray Chairman | 8 | $0 | |
Susan F Semegen Trustee | 4 | $0 | |
Timothy F Wray Trustee | 4 | $0 | |
Nicholas Firestone Trustee/treasurer | 8 | $0 | |
Lucy D Firestone Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,843 |
| Interest on Savings | $0 |
| Dividends & Interest | $431,187 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,451 |
| Capital Gain Net Income | $45,451 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $486,481 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,590 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,773 |
| Printing and publications | $0 |
| Other expenses | $128 |
| Total operating and administrative expenses | $104,795 |
| Contributions, gifts, grants paid | $483,181 |
| Total expenses and disbursements | $587,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$19,549 |
| Savings and temporary cash investments | $351,048 |
| 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 | $8,129,191 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,024,030 |
| Total assets | $11,299,552 |
| 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, Roger S Firestone Foundation has awarded $483,181 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
BANK OF AMERICA CHARITABLE GIFT FUND- PURPOSE: UNRESTRICTED GENERAL | $1,657 |
THE TAFT SCHOOL CORPORATION PURPOSE: UNRESTRICTED GENERAL | $20,000 |
BANK OF AMERICA CHARITABLE GIFT FUND- PURPOSE: UNRESTRICTED GENERAL | $3,524 |
SADIE NASH LEADERSHIP PROJECT INC PURPOSE: UNRESTRICTED GENERAL | $20,000 |
ANGELS FOSTER CARE OF SANTA BARBARA PURPOSE: UNRESTRICTED GENERAL | $10,000 |
SHELTERBOX USA PURPOSE: UNRESTRICTED GENERAL | $5,000 |