Pockets - A Family Foundation
- Assets
- $1.2m
- Revenue
- $24.6k
- Investments
- $1.2m
- Employees
- 0
- Location
- Harrington Park, NJ
- Founding
- Data as of
- 12/2023
- EIN
- 85-2723407
Organization Overview
Pockets - A Family Foundation is located in Harrington Park, NJ. 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. Pockets - A 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, Pockets - A Family Foundation generated $24.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (56.7%) each year. All expenses for the organization totaled $57.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Ferrara Trustee | 5 | $0 | |
Christopher J Ferrara Trustee | 5 | $0 | |
Elizabeth A Ferrara Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,881 |
| Dividends & Interest | $16,742 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,950 |
| Capital Gain Net Income | $5,950 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,573 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $215 |
| Total operating and administrative expenses | $12,419 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $57,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,656 |
| 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 | $974,980 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,175,656 |
| 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, Pockets - A Family Foundation has awarded $45,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CLEAN OCEAN ACTION PURPOSE: TO SUPPORT THE ADVANCEMENT OF HEALTHIER MARINE WATERS OFF THE COASTS OF NY AND NJ | $5,000 |
HACKENSACK RIVERKEEPER INC PURPOSE: TO SUPPORT THE EDUCATION/PROTECTION OF THE ENVIRONMENT SURROUNDING THE HACKENSACK RIVER WATERSHED | $5,000 |
ISLAND CONSERVATION PURPOSE: TO SUPPORT THE PRESERVATION AND PROTECTION OF ISLAND BIODIVERSITY WORLDWIDE BY HUMANE INVASIVE SPECIES REMOVAL | $10,000 |
NEW JERSEY CONSERVATION FOUNDATION PURPOSE: FOR THE PRESERVATION AND PROTECTION OF NATURAL LAND SPACES IN NEW JERSEY | $10,000 |
NEW YORK MARINE RESCUE CENTER PURPOSE: TO SUPPORT MARINE CONSERVATION THROUGH EDUCATION, RESEARCH AND ADVOCACY VIA RESCUE/RELEASE OF MARINE LIFE IN THE NORTH ATLANTIC | $10,000 |
THE RAPTOR TRUST PURPOSE: TO SUPPORT EDUCATIONAL AND REHAB/RELEASE PROGRAMS FOR INJURED OR ORPHANED BIRDS | $5,000 |