The Erct Foundation Inc

Organization Overview

The Erct Foundation Inc is located in Montclair, NJ. The organization was established in 2019. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Erct 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 12/2020, Erct Foundation Inc generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 50.1% each year .

Since 2018, Erct Foundation Inc has awarded 20 individual grants totaling $737,742. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2020

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATION


PUBLIC SUPPORT PROGRAMS


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $5,000,000
Interest on Savings $70,267
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $5,070,267

Grants Awarded

Over the last fiscal year, The Erct Foundation Inc has awarded $363,730 in support to 9 organizations.

Grant RecipientAmount

BROOKINGS INSITUTION

Org PageRecipient Profile

Washington, DC

PURPOSE: EDUCATION

$100,000

INTERNATIONAL RESIDENTIAL COLLEGE

PURPOSE: EDUCATION

$100,000

AMERICAAN UNIVERSITY

Org PageRecipient Profile

Washington, DC

PURPOSE: EDUCATION

$30,049

TEMPLE UNIVERSITY

PURPOSE: EDUCATION

$29,735

NEW YORK UNIVERSITY

PURPOSE: EDUCATION

$29,149

THE LIFE SCIENCE CARE PHILA

PURPOSE: RESEARCH/SUPPORT

$26,500
View Grant Profile

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