Donors Fund Inc
- Assets
- $5.6m
- Revenue
- $27.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Lakewood, NJ
- Founding
- 03/2016
- Data as of
- 12/2019
- EIN
- 47-4844275
Organization Overview
Donors Fund Inc is located in Lakewood, NJ. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2019, Donors Fund Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Donors Fund Inc generated $27.0m in total revenue. All expenses for the organization totaled $25.0m during the year ending 12/2019. While expenses have increased by 82.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO SIMPLIFY AND THEREBY ENCOURAGE BENEVOLENT PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO ORGANIZATIONS IN ACCORDANCE WITH THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ahron Schlesinger CEO | OfficerTrustee | 40 | $127,500 |
Yakov Travis COO | OfficerTrustee | 40 | $59,695 |
Shalom Gluck President | Trustee | 1 | $0 |
Moshe Schlesinger Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,893,726 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,893,726 |
| Total Program Service Revenue | $0 |
| Investment income | $107,185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,000,911 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,344,940 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $21,630 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $187,195 |
| Compensation of current officers, directors, key employees. | $59,902 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,016 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,210 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $112,753 |
| Office expenses | $36,375 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,889 |
| Travel | $8,442 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $876 |
| All other expenses | $33,918 |
| Total functional expenses | $24,966,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,077,442 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $532,303 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,645 |
| Total assets | $5,620,390 |
| Accounts payable and accrued expenses | $16,331 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,331 |
| Net assets without donor restrictions | $5,604,059 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,620,390 |
Grants Awarded
Over the last fiscal year, Donors Fund Inc has awarded $10,510,502 in support to 388 organizations.
| Grant Recipient | Amount |
|---|---|
Lakewood, NJ PURPOSE: GENERAL SUPPORT | $1,112,437 |
Lakewood, NJ PURPOSE: GENERAL SUPPORT | $609,458 |
Lakewood, NJ PURPOSE: GENERAL SUPPORT | $456,302 |
Brooklyn, NY PURPOSE: GENERAL SUPPORT | $201,000 |
Lakewood, NJ PURPOSE: GENERAL SUPPORT | $181,744 |
Lakewood, NJ PURPOSE: GENERAL SUPPORT | $177,296 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Donors Fund Inc has recieved totaling $76,718.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: General support | $60,390 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,328 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Donors Fund Inc Lakewood, NJ | $5,620,390 | $27,000,911 |
Roswell Park Alliance Foundation Buffalo, NY | $105,267,194 | $26,518,336 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Freedom Fund Brooklyn, NY | $9,289,800 | $16,398,424 |
Partnership Schools New York, NY | $65,751,887 | $13,200,484 |
The M S Hershey Foundation Hershey, PA | $56,217,627 | $12,355,652 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $13,512,280 |
Virgin Unite Usa Inc New York, NY | $14,736,857 | $4,506,648 |
Pittsburgh Promise Foundation Pittsburgh, PA | $66,594,047 | $8,011,763 |
Future Project Inc New York, NY | $10,380,325 | $15,567,317 |
Chinatown Health Clinic Foundation Inc New York, NY | $35,968,049 | $5,968,265 |
Chautauqua Foundation Inc Chautauqua, NY | $104,512,712 | $16,544,336 |