A Friends Foundation Trust
- Assets
- $17.5m
- Revenue
- $1.2m
- Investments
- $16.9m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 07/1964
- Data as of
- 12/2022
- EIN
- 59-6125247
Organization Overview
A Friends Foundation Trust is located in Pennington, NJ. The organization was established in 1964. 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. A Friends Foundation Trust 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, A Friends Foundation Trust generated $1.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, A Friends Foundation Trust has awarded 143 individual grants totaling $2,412,099. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hubbard Bd Of Mgrs | 2 | $5,000 | |
Amy C Hubbard President | 2 | $56,250 | |
Linda C Hubbard Bd Of Mgrs | 2 | $0 | |
L Evans Hubbard Chairman Bd Of Mgrs | 2 | $0 | |
Bank Of America N A Trustee | 2 | $120,096 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $476,966 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $711,294 |
| Capital Gain Net Income | $711,294 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,188,260 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $181,346 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $26,423 |
| Interest | $0 |
| Taxes | $57,097 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,409 |
| Printing and publications | $0 |
| Other expenses | $2,000 |
| Total operating and administrative expenses | $281,275 |
| Contributions, gifts, grants paid | $960,150 |
| Total expenses and disbursements | $1,241,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$9,824 |
| Savings and temporary cash investments | $652,988 |
| 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 | $4,294,274 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,518,095 |
| 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, A Friends Foundation Trust has awarded $960,150 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD MEDICAL SCHOOL PURPOSE: SCHOLARSHIPS | $10,000 |
FISHER HOUSE FOUNDATION INC PURPOSE: GENERAL OPERATING | $5,000 |
PHILANTHROPY ROUNDTABLE PURPOSE: GENERAL OPERATING | $2,000 |
THE SALVATION ARMY PURPOSE: GENERAL OPERATING | $25,000 |
BOK TOWERS GARDENS PURPOSE: GENERAL OPERATING | $10,000 |
FLORIDA SHERIFFS YOUTH RANCHES INC PURPOSE: GENERAL OPERATING | $25,000 |