Barry Novin Charitable Foundation Inc
- Assets
- $469.9k
- Revenue
- $23.5k
- Investments
- $418.9k
- Employees
- 0
- Location
- Montville, NJ
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 81-4750597
Organization Overview
Barry Novin Charitable Foundation Inc is located in Montville, NJ. The organization was established in 2017. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Barry Novin Charitable 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, Barry Novin Charitable Foundation Inc generated $23.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $15.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Barry Novin Charitable Foundation Inc has awarded 58 individual grants totaling $116,583. 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 |
|---|---|---|---|
Irene Novin President | 0.25 | $0 | |
Rebecca Novin Cannon Vp/treasurer/secretary | 0.25 | $0 | |
Leonard J Witman Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $100 |
| Dividends & Interest | $6,733 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,646 |
| Capital Gain Net Income | $16,646 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,479 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $320 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,098 |
| Contributions, gifts, grants paid | $12,200 |
| Total expenses and disbursements | $15,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $51,073 |
| 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 | $469,927 |
| 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, Barry Novin Charitable Foundation Inc has awarded $12,200 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MENTAL HEALTH ASSOCIATION PURPOSE: PROGRAM SUPPORT | $500 |
GROW IT GREEN PURPOSE: PROGRAM SUPPORT | $500 |
JEWISH FEDERATION OF GREATER METROWEST NJ PURPOSE: PROGRAM SUPPORT | $6,200 |
ST JUDE'S CHILDREN RESEARCH HOSPITAL PURPOSE: PROGRAM SUPPORT | $1,000 |
TEMPLE B'NAI OR PURPOSE: PROGRAM SUPPORT | $1,000 |
OPERATION SECOND CHANCE PURPOSE: PROGRAM SUPPORT | $1,000 |