Pressman Family Foundation
- Assets
- $942.2k
- Revenue
- $54.5k
- Investments
- $910.7k
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 12/2016
- Data as of
- 12/2023
- EIN
- 81-6975785
Organization Overview
Pressman Family Foundation is located in Pennington, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pressman 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 12/2023, Pressman Family Foundation generated $54.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $51.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Pressman Family Foundation has awarded 39 individual grants totaling $204,914. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,171 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,316 |
| Capital Gain Net Income | $28,316 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $54,487 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $387 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,197 |
| Total operating and administrative expenses | $20,175 |
| Contributions, gifts, grants paid | $31,770 |
| Total expenses and disbursements | $51,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208 |
| Savings and temporary cash investments | $31,232 |
| 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 | $194,693 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $942,151 |
| 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, Pressman Family Foundation has awarded $31,770 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LINCOLN CENTER THEATER PURPOSE: UNRESTRICTED GENERAL | $1,270 |
JEWISH FEDERATION OF ROCKLAND COUNTY PURPOSE: UNRESTRICTED GENERAL SUPPOR | $1,000 |
LONG BEACH ISLAND FDN PURPOSE: UNRESTRICTED GENERAL SUPPOR | $2,500 |
ROUNDABOUT THEATER COMPANY PURPOSE: UNRESTRICTED GENERAL | $3,000 |
IU (INDIANA UNIVERSITY) FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $24,000 |