Jay And Linda Grunin Foundation Inc
- Assets
- $31.7k
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Toms River, NJ
- Founding
- 02/2012
- Data as of
- 12/2021
- EIN
- 45-3988913
Organization Overview
Jay And Linda Grunin Foundation Inc is located in Toms River, NJ. The organization was established in 2012. 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. Jay And Linda Grunin 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, Jay And Linda Grunin Foundation Inc generated $7.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $6.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Jay And Linda Grunin Foundation Inc has awarded 375 individual grants totaling $28,113,587. 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 |
|---|---|---|---|
Heather Barberi Executive Di | 40 | $193,849 | |
Kelly Fliller Communicatio | 40 | $99,259 | |
Jeremy Grunin President | 36 | $0 | |
Jay Grunin Chairman | 12 | $0 | |
Joshua Grunin Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,607,540 |
| Interest on Savings | $7 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $540,640 |
| Capital Gain Net Income | $540,640 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,148,187 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $293,108 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $20,692 |
| Interest | $332 |
| Taxes | $7,000 |
| Depreciation | $22,517 |
| Occupancy | $12,000 |
| Travel, conferences, and meetings | $18,008 |
| Printing and publications | $0 |
| Other expenses | $171,328 |
| Total operating and administrative expenses | $558,186 |
| Contributions, gifts, grants paid | $5,977,927 |
| Total expenses and disbursements | $6,536,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,677 |
| Savings and temporary cash investments | $0 |
| 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 | $5,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $31,677 |
| 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, Jay And Linda Grunin Foundation Inc has awarded $5,977,927 in support to 77 organizations.
| Grant Recipient | Amount |
|---|---|
Neptune, NJ PURPOSE: OMC GME/PCT PROGRAM/GEN OP SUPPORT | $710,500 |
OCEAN COUNTY COLLEGE FOUNDATION PURPOSE: GRUNIN CENTER/OCVTS PAA/GEN OP | $676,000 |
Oceanport, NJ PURPOSE: SIM LAB/GENERAL OPERATING SUPPORT | $603,000 |
Boca Raton, FL PURPOSE: CAPITAL SUPPORT | $500,000 |
West Long Branch, NJ PURPOSE: GENERAL OPERATING SUPPORT | $500,000 |
COUNT BASIE THEATRE INC PURPOSE: CAPITAL/CAPACITY/GEN OP/MIND ALIGNED | $445,692 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |