Puffin Foundation Ltd
- Assets
- $60.2m
- Revenue
- $6.6m
- Investments
- $56.5m
- Employees
- 0
- Location
- Teaneck, NJ
- Founding
- 02/2015
- Data as of
- 12/2023
- 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 12/2023, Puffin Foundation Ltd generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $4.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Puffin Foundation Ltd has awarded 126 individual grants totaling $18,178,663. 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
2023
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 |
|---|---|---|---|
Neal S Rosenstein President | 40 | $112,167 | |
Gladys Miller-Rosenstein Secretary/exec. Director | 40 | $112,102 | |
Christopher Rhomberg Director | 1 | $500 | |
Esther Cohen Director | 1 | $500 | |
Esther Yehndis-Zipris Director | 1 | $500 | |
Laurence Miller Director | 1 | $500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alan Kovar | 12/30/23 | $149,640 |
Wiss & Comapany Llp | 12/30/23 | $57,100 |
The Sarver Law Group Llc | 12/30/23 | $52,888 |
Msb Llc | 12/30/23 | $51,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,755,056 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,556,285 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,295,764 |
| Capital Gain Net Income | $3,212,016 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,607,105 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $227,769 |
| Other employee salaries and wages | $443,767 |
| Pension plans, employee benefits | $58,142 |
| Interest | $0 |
| Taxes | $84,341 |
| Depreciation | $7,938 |
| Occupancy | $27,528 |
| Travel, conferences, and meetings | $3,884 |
| Printing and publications | $25,904 |
| Other expenses | $294,972 |
| Total operating and administrative expenses | $2,095,607 |
| Contributions, gifts, grants paid | $2,540,449 |
| Total expenses and disbursements | $4,636,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,636 |
| Savings and temporary cash investments | $2,251,325 |
| 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 | $17,680,989 |
| Net Land, buildings, and equipment | $1,094,567 |
| Other assets | $110,305 |
| Total assets | $60,163,716 |
| 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 $2,540,449 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ABRAHAM LINCOLN BRIGADE ARCHIVES INC ALBA PURPOSE: SUPPORT HISTORY MUSEUMS. | $255,000 |
AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC ACLU PURPOSE: CIVIL LIBERTIES ADVOCACY. | $66,666 |
ASSOCIATION FOR PROMOTION OF JEWISH SECULARISM JEWISH CURRENTS PURPOSE: SUPPORT FURTHERANCE OF JEWISH STUDIES. | $77,100 |
BERGEN COMMUNITY COLLEGE FOUNDATION PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $6,950 |
BRICK BY BRICK PARTNERS PURPOSE: EDUCATIONAL SERVICES AND SCHOOLS. | $75,000 |
CAMP KINDERLAND INC PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $20,750 |