The October Foundation Inc
- Assets
- $28.8k
- Revenue
- $18.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Saddle River, NJ
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-3739838
Organization Overview
The October Foundation Inc is located in Saddle River, NJ. The organization was established in 2015. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. October 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, October Foundation Inc generated $18.5k 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 (12.9%) each year. All expenses for the organization totaled $15.5k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACTIVITIES OF THE ORGANIZATION WILL CONSIST OF RAISING MONEY FROM THE TRUSTEES AND COMMUNITY MEMBERS FOR DISPERSAL MOSTLY TO HACKENSACK UNIVERSITY MEDICAL CENTER (HACKENSACK UMC) AND TO OTHER CHARITIES, TO BE SELECTED BY THE TRUSTEES. THE TRUSTEES WILL ALSO ENGAGE IN SOME FUNDRAISING. THERE IS NO SPECIFIC PROCESS FOR THE SELECTION OF CHARITIES AND THERE ARE NO BROCHURES, NEWSLETTERS, ETC. ALL SUPPORT WILL GO TO EXISTING NON-PROFIT ORGANIZATIONS ESTABLISHED UNDER IRC 501 (C) (3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Kourgelis Trustee/president | 1 | $0 | |
Stuart D Liebman Trustee/vice Pres./treasur | 1 | $0 | |
Caryl Kourgelis Trustee/vice Pres./secreta | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $18,500 |
| 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 | $15,519 |
| Total operating and administrative expenses | $15,519 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $15,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,834 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $28,834 |
| 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, The October Foundation Inc has awarded $42,600 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HACKENSACK UNIVERSITY MEDICAL CENTER FOUNDATION PURPOSE: HACKENSACK UNIVERSITY MEDICAL CENTER IS A TEAM COMMITTED TO PROVIDING AN EXCEPTIONAL PATIENT EXPERIENCE THROUGH QUALITY PATIENT-CENTERED CARE, EDUCATION, RESEARCH, AND COMMUNITY OUTREACH. | $40,000 |
STEERED STRAIGHT PURPOSE: PROVIDED GRANTS TO BRING "STEERED STRAIGHT" INTO SCHOOLS - AN ORGANIZATION WHO ENCOURAGES YOUTH AND YOUNG ADULTS TO FOLLOW POSITIVE AND PRODUCTIVE PATHS THROUGH MOTIVATIONAL SPEAKING, LIFE-SHARING SEMINARS AND INTERACTIVE CURRICULUM. | $2,000 |
Franklin Lakes, NJ PURPOSE: PROVIDED FREE YOGA CLASSES FOR PATIENTS WHO ARE MOTHERS | $500 |
PAL OF BERGEN COUNTY PURPOSE: PAL OF BERGEN COUNTY GIVES BERGEN COUNTY YOUTH AN OPPORTUNITIES TO LEARN NEW SKILLS AND MAINTAIN A HEALTHY WAY OF LIFE THROUGH EXCERCISE AND TRAINING. | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |
Giving Tuesday Inc Brooklyn, NY | $1,987,227 | $3,527,479 |
The Meg And Bennett Goodman Family Foundation Jenkintown, PA | $50,458,470 | $11,004,981 |
The Meringoff Family Foundation Inc New York, NY | $455,360 | $3,000,005 |
Newark Alliance Inc Newark, NJ | $3,740,799 | $2,492,723 |