Modifamilyfoundation
- Assets
- $309.4k
- Revenue
- $9.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Monmouth Junction, NJ
- Founding
- 12/2014
- Data as of
- 12/2022
- EIN
- 47-2444815
Organization Overview
Modifamilyfoundation is located in Monmouth Junction, NJ. The organization was established in 2014. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Modifamilyfoundation 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, Modifamilyfoundation generated $9.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.0%) each year. All expenses for the organization totaled $6.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION GRANTS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $161 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,860 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,021 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $334 |
| Total operating and administrative expenses | $334 |
| Contributions, gifts, grants paid | $6,282 |
| Total expenses and disbursements | $6,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,781 |
| Savings and temporary cash investments | $296,602 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $309,383 |
| 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, Modifamilyfoundation has awarded $6,282 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SALMA ISMAIL PURPOSE: RUTGERS UNIVERSITYEDUCATIONAL ASSISTANCE | $1,000 |
RILEY RATCLIFFE PURPOSE: ARCADIA UNIVERSITYEDUCATIONAL ASSISTANCE | $2,000 |
SIMRAM AMIN PURPOSE: RUTGERS UNIVERSITYEDUCATIONAL ASSISTANCE | $2,000 |
YESVI TUSHAR MODY PURPOSE: BOMBAY UNIVERSITYEDUCATIONAL ASSISTANCE | $1,282 |