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Koven Foundation EIN 22-6028758

Koven Foundation

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A private foundation based in Green Village, NJ. It reported about $373K in revenue for 2025. For fiscal year 2025 it reported $373K in revenue, $276K in expenses, and $1.4M in net assets.Pt I

Type
Private foundation / grantmaker · Nonprofit
Location
Green Village, NJ
Filings
6 on file (2020–2025)
Revenue
$373KFY2025
Expenses
$276K
Net assets
$1.4M
People
1
Filings
6
Updates
0
More identity details & actions ⌄
EIN  22-6028758 Private foundation / grantmaker Green Village, NJ
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Green Village, NJ. It reported about $373K in revenue for 2025.
Leadership
Gustav Koven · Director
Money in and out
$373K revenue, $276K expenses
Bottom line
—
Grants paid & assets · FY2025
Total revenue
$373K
Pt VIII · Ln 12
Total expenses
$276K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $98K
Total assets
1.4M
deployed as grants and operations
Grants paid
244K
in FY2025
Grants made
42grants
total in period
Payout rate
18%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 42 grants · $244K · 2025–2025
New Jersey Highlands CoalitionFY2025$30,000
The Gunn SchoolFY2025$30,000
Community Foundation for St VincentFY2025$25,000
Harding Land TrustFY2025$20,000
Tewksbury Land TrustFY2025$20,000
St Timothys SchoolFY2025$20,000
Island Heritage TrustFY2025$10,000
Stevens Institute of TechnologyFY2025$10,000
New Jersey Conservation FoundationFY2025$5,000
New Jersey Audobon SocietyFY2025$5,000
Great Swamp Watershed AssociationFY2025$5,000
Foundation for Morristown Medical CenterFY2025$5,000
Flemington Area Food PantryFY2025$5,000
Newark MuseumFY2025$5,000
The Salvation ArmyFY2025$5,000
The Nature ConservancyFY2025$5,000
New Vernon Rescue SquadFY2025$3,000
Hunterdon Healthcare FoundationFY2025$2,500
See all 42 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$6K
Median grantPart XV$2K
Largest grantPart XV$30K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$373K
FY2025▲ +30%
Expenses
$276K
FY2025▼ -9%
Total assets
$1.4M
FY2025▲ +8%
Total liabilities
$0
FY2025
Total revenue
$373K
Pt VIII · Ln 12
Total expenses
$276K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Total assetsPt II$1.4M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKoven Foundation
EINHdr · item D22-6028758
Principal addressHdr · item CGreen Village, NJ
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1952

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Gustav Koven
Director
$0Pt VII · Sec A
See Koven Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$373K
Total revenueLn 12$373K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.88 Operating & administrative $0.12
Grants & contributions paid88%$244K
Operating & administrative12%$32K
Total functional expensesLn 25$276K

Balance Sheet

Part X · end of year
CashLn 1$354K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.4M
Months of cash on handcomputed15.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $1.4M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $373K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $373K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $373K · Prior year $288K
+30%
Revenue CAGR
FY2020 $495K · FY2025 $373K
-5%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $373K · Expenses $276K
+26%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
—
Net-asset ratio
Net assets $1.4M · Total assets $1.4M
100%
People & payroll
Highest Reported Total Compensation
Individual Gustav Koven · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $276K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 30%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$373K revenue · viewing · ⤓ 990 PDF
FY2024$288K revenue · ⤓ 990 PDF
FY2023$159K revenue · ⤓ 990 PDF
FY2022$89K revenue · ⤓ 990 PDF
FY2021$309K revenue · ⤓ 990 PDF
FY2020$495K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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