Puffin Foundation Ltd
- Assets
- $60.8m
- Revenue
- $6.3m
- Investments
- $59.5m
- Employees
- 0
- Location
- Teaneck, NJ
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 47-1164496
Organization Overview
Puffin Foundation Ltd is located in Teaneck, NJ. The organization was established in 2015. 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. Puffin Foundation Ltd 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, Puffin Foundation Ltd generated $6.3m 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 (3.7%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Puffin Foundation Ltd has awarded 57 individual grants totaling $11,916,581. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND AWARDS FOR THE FURTHERANCE OF THE ARTS.
ADVERTISING/SHOWS & SALARIES RELATED PREDOMINATELY TO OPERATIONS OF ART, MUSIC, DRAMA & OTHER CULTURAL EVENTS INCLUDING, BUT NOT LIMITED TO EXHIBITS & OTHER FUNCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gladys Miller-Rosenstein Secretary/exec. Director | 40 | $103,584 | |
Neal S Rosenstein President | 40 | $103,445 | |
Andrew H Lee Cultural Center Art | 40 | $78,344 | |
Patricia Maciejunes Office Manager/admin | 40 | $74,562 | |
Melissa A Lynam Asst. Art Director/m | 40 | $69,017 | |
Ilene Richman Director | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $87,081 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,251,615 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,950,193 |
| Capital Gain Net Income | $4,951,090 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24,227 |
| Total Revenue | $6,313,116 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $207,029 |
| Other employee salaries and wages | $304,786 |
| Pension plans, employee benefits | $49,909 |
| Interest | $0 |
| Taxes | $148,881 |
| Depreciation | $5,417 |
| Occupancy | $26,172 |
| Travel, conferences, and meetings | $271 |
| Printing and publications | $16,940 |
| Other expenses | $129,863 |
| Total operating and administrative expenses | $1,772,501 |
| Contributions, gifts, grants paid | $1,971,859 |
| Total expenses and disbursements | $3,744,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,714 |
| 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 | $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 | $59,465,367 |
| Net Land, buildings, and equipment | $1,027,194 |
| Other assets | $130,350 |
| Total assets | $60,791,625 |
| 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, Puffin Foundation Ltd has awarded $1,975,359 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
TOTAL GRANTS PURPOSE: FURTHERANCE OF THE ARTS | $436,432 |
INSTITUTE FOR PUBLIC AFFAIRS DBA IN THESE TIMES PURPOSE: PUBLIC, SOCIETY, BENEFIT- MULTIPURPOSE AND OTHER N.E.C | $390,700 |
ABRAHAM LINCOLN BRIGADE ARCHIVES INC PURPOSE: SUPPORT HISTORY MUSEUMS | $235,000 |
New York, NY PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $150,000 |
BRICK BY BRICK PARTNERS PURPOSE: EDUCATIONAL SERVICES AND SCHOOLS | $125,000 |
UNIVERSITY OF WASHINGTON FOUNDATION CO UNIVERSITY OF WASHINGTON PURPOSE: SUPPORT UNIVERSITY OF WASHINGTON | $104,811 |
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 |