Joe & Eileen Sutton Family Foundation
- Assets
- $10.5m
- Revenue
- $199.9k
- Investments
- $3.5m
- Employees
- 0
- Location
- Sayreville, NJ
- Founding
- 08/2005
- Data as of
- 12/2021
- EIN
- 74-3136392
Organization Overview
Joe & Eileen Sutton Family Foundation is located in Sayreville, NJ. The organization was established in 2005. 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. Joe & Eileen Sutton Family Foundation 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, Joe & Eileen Sutton Family Foundation generated $199.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $176.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (45.8%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Joe & Eileen Sutton Family Foundation has awarded 152 individual grants totaling $1,404,230. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Sutton Chairman | 0 | $0 | |
Eileen Sutton Director | 0 | $0 | |
Albert J Sutton Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20,871 |
| Dividends & Interest | $37,342 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78,296 |
| Capital Gain Net Income | $78,296 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $63,374 |
| Total Revenue | $199,883 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,150 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,832 |
| Total operating and administrative expenses | $31,982 |
| Contributions, gifts, grants paid | $144,958 |
| Total expenses and disbursements | $176,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,353,327 |
| 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 | $49,929 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $648,673 |
| Total assets | $10,521,412 |
| 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 | $272,015 |
| Total liabilities | $272,015 |
Grants Awarded
Over the last fiscal year, Joe & Eileen Sutton Family Foundation has awarded $157,954 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BNOS ESTHER MALKA PURPOSE: UNRESTRICTED USE | $5,000 |
CHEDER TORAS ZEV PURPOSE: UNRESTRICTED USE | $18,000 |
CONGREGATION BETH TORAH PURPOSE: UNRESTRICTED USE | $22,752 |
CONGREGATION BNEI YESHIVA PURPOSE: UNRESTRICTED USE | $250 |
CONGREGATION OHEL SIMHA PURPOSE: UNRESTRICTED USE | $6,500 |
DEAL POLICEMAN'S BENEVOLENT ASSOCIATION PURPOSE: UNRESTRICTED USE | $50 |