Ruth & Peter Metz Family Foundation Inc
- Assets
- $9.3m
- Revenue
- $904.7k
- Investments
- $8.7m
- Employees
- 0
- Location
- Westfield, NJ
- Founding
- 10/1988
- Data as of
- 12/2022
- EIN
- 52-1591150
Organization Overview
Ruth & Peter Metz Family Foundation Inc is located in Westfield, NJ. The organization was established in 1988. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Ruth & Peter Metz Family 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 12/2022, Ruth & Peter Metz Family Foundation Inc generated $904.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $785.8k during the year ending 12/2022. While expenses have increased by 3.5% per year over the past 8 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.
Since 2014, Ruth & Peter Metz Family Foundation Inc has awarded 431 individual grants totaling $4,062,504. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Peter Metz III Co-Pres | 1 | $0 | |
Michael M Metz Co-Pres/treas | 3 | $1,250 | |
Sarah Metz Krisoff VP | 1 | $0 | |
Denise Shekerjian VP | 1 | $0 | |
Thomas C Phelan Sec'y | 1 | $2,000 | |
David Metz Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $529 |
| Dividends & Interest | $229,062 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $672,569 |
| Capital Gain Net Income | $672,569 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,535 |
| Total Revenue | $904,695 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,675 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $28,852 |
| Printing and publications | $0 |
| Other expenses | $126,387 |
| Total operating and administrative expenses | $172,204 |
| Contributions, gifts, grants paid | $613,600 |
| Total expenses and disbursements | $785,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $618,462 |
| 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 | $4,667 |
| Total assets | $9,300,480 |
| 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, Ruth & Peter Metz Family Foundation Inc has awarded $613,600 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLOTTE LIBRARY PURPOSE: PROVIDE OPERATING FUNDS | $1,000 |
BURLINGTON CITY ARTS FOUNDATION PURPOSE: PROVIDE OPERATING FUNDS | $36,000 |
UNITED WAY OF NORTHWEST VERMONT PURPOSE: PROVIDE OPERATING FUNDS | $10,000 |
COMMITTEE ON TEMPORARY SHELTER PURPOSE: PROVIDE OPERATING FUNDS | $2,000 |
CHAMPLAIN COLLEGE PURPOSE: PROVIDE OPERATING FUNDS | $10,000 |
SEABA PURPOSE: PROVIDE OPERATING FUNDS | $5,000 |