Matrix Foundation INC FY2024 filing

Cranbury, NJ501(c)(3)EIN 22-3231774

Before you give

FY2024 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $344K a year · 31% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
990-PF Pt I · 6 filings
Cash reserves
23 mo
of spending, in cash
Looks good: 23.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
×11 vs prior year
Spent
$835K
Net assets
$1.6M
By yearFY2020–FY2025
Revenue
$1.4M
FY2024▲ ×11
Revenue by fiscal year
FY2020$1.1M
FY2021$2.7M
FY2022$200K
FY2023$133K
FY2024$1.4M
FY2025$1.0M
Expenses
$835K
FY2024▲ +181%
Expenses by fiscal year
FY2020$797K
FY2021$465K
FY2022$1.7M
FY2023$298K
FY2024$835K
FY2025$376K
Net assets
$1.6M
FY2024▲ +60%
Net assets by fiscal year
FY2020$512K
FY2021$2.7M
FY2022$1.2M
FY2023$1.0M
FY2024$1.6M
FY2025$2.3M

From the FY2024 Form 990 · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in 0000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 99% · $830K Operating & administrative 1% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

The filing lists no officers, directors or key staff.

Part VII, Section A · reportable compensation
See Matrix Foundation INC executive salaries →

Programs and updates

A private foundation based in Cranbury, NJ.

Provided by the organization

This section is blank until Matrix Foundation INC claims this page.

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 23 grants · $370K · 2025–2025
Princeton Medical Center FoundationFY2025$50,000
Jcc of Greater Monmouth CountyFY2025$50,000
Hackensack Meridan Foundation INCFY2025$50,000
Chabad LubavitchFY2025$50,000
HomefrontFY2025$25,000
Children's Hospital of Philadalephis FoundationFY2025$25,000
Center for Creative ChangeDC · FY2025$25,000
Congregation Magen David ofFY2025$16,062
Newark Beth Israel MedicalFY2025$10,000
Isles INCNJ · FY2025$10,000
Emergency Children's Help OrganizationFY2025$10,000
Food Bank of Hudson ValleyFY2025$5,000
Elijah's PromiseFY2025$5,000
Jewish FederationFY2025$3,600
West End Fire & RescueFY2025$2,500
See all 23 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV7
Average grantPart XV$16K
Median grantPart XV$10K
Largest grantPart XV$50K
Top cause focusNTEEEducation (9%)

By the numbers

The FY2024 990-PF, line by line.

1The main four
Money in
$1.4M
Gifts and grants$1.4M
Investment income$48K
Money out
$835K
Grants paid$830K
Running costs$5K
Owns and owes
$1.6M
net assets
Cash and savings$1.6M
Total assets$1.6M
Liabilities$0
2In more detail
Revenue in detail
Gifts and grants$1.4M
Investment income$48K
Total revenue$1.4M
Assets in detailEnd of year
Cash and savings together$1.6M
Total assets$1.6M
Liabilities$0
Net assets$1.6M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.0M$376K$643K$2.3M 990 PDF
FY2024 Viewing $1.4M$835K$613K$1.6M 990 PDF
FY2023 $133K$298K−$165K$1.0M 990 PDF
FY2022 $200K$1.7M−$1.5M$1.2M 990 PDF
FY2021 $2.7M$465K$2.2M$2.7M 990 PDF
FY2020 $1.1M$797K$303K$512K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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