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Large Foundation EIN 22-6049246

Large Foundation

EIN  22-6049246 Private foundation / grantmaker Flemington, NJ
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Size
$1–10M
What they do
A private foundation based in Flemington, NJ. It reported about $1.4M in revenue for 2025.
Leadership
Catherine Langley · President
Money in and out
$1.4M revenue, $803K expenses
Bottom line
—

A private foundation based in Flemington, NJ. It reported about $1.4M in revenue for 2025. For fiscal year 2025 it reported $1.4M in revenue, $803K in expenses, and $6.5M in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$803K
Pt IX · Ln 25
Net assets
$6.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $608K
Total assets
6.5M
deployed as grants and operations
Grants paid
767K
in FY2025
Grants made
66grants
total in period
Payout rate
12%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 66 grants · $767K · 2025–2025
Mobile Intensive CareFY2025$75,000
Hunterdon Regional Cancer CenterFY2025$75,000
Hunterdon HospiceFY2025$60,000
River Crossing YMCAFY2025$45,000
Hunterdon Healthcare FoundationFY2025$40,000
Salvation ArmyFY2025$35,000
Center for Educational AdvancementFY2025$30,000
Meals on WheelsFY2025$30,000
Family Promise of Hunterdon CountyFY2025$20,000
Hunterdon Cnty Chamber of CommerceFY2025$20,000
Flemington Area Food PantryFY2025$17,500
America's Grow a RowFY2025$15,000
Planned ParenthoodFY2025$15,000
Safe in HunterdonFY2025$15,000
Hunterdon Helpline INCFY2025$15,000
GohunterdonFY2025$15,000
Open Cupboard Food PantryFY2025$10,000
Freedom HouseFY2025$10,000
See all 66 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$12K
Median grantPart XV$5K
Largest grantPart XV$75K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$1.4M
FY2025▲ +21%
Expenses
$803K
FY2025▲ +4%
Total assets
$6.5M
FY2025▲ +11%
Total liabilities
$0
FY2025
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$803K
Pt IX · Ln 25
Net assets
$6.5M
Pt X · Ln 32
Total assetsPt II$6.5M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLarge Foundation
EINHdr · item D22-6049246
Principal addressHdr · item CFlemington, NJ
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFOct 1958

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
$0Pt VII · Sec A
Jeannine Gorman
Vice Preside
$0Pt VII · Sec A
Richard Tice
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Large Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income$1.4M · 97%
Other revenue$36K · 3%
Investment income97%$1.4M
Other revenue3%$36K
Total revenueLn 12$1.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.96 Operating & administrative $0.04
Grants & contributions paid96%$767K
Operating & administrative4%$36K
Total functional expensesLn 25$803K

Balance Sheet

Part X · end of year
CashLn 1$226K
Total assetsLn 16$6.5M
Total liabilitiesLn 26$0
Total net assetsLn 32$6.5M
Months of cash on handcomputed3.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $6.5M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $1.4M
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $1.4M
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $1.4M · Prior year $1.2M
+21%
Revenue CAGR
FY2020 $599K · FY2025 $1.4M
+19%
Net-asset trend (YoY)
End of year $6.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.4M · Expenses $803K
+43%
Liabilities-to-Assets
Total liabilities — · Total assets $6.5M
—
Net-asset ratio
Net assets $6.5M · Total assets $6.5M
100%
People & payroll
Highest Reported Total Compensation
Individual Catherine Langley · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $803K
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 21%——

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)$1.4M revenue · viewing · ⤓ 990 PDF
FY2024$1.2M revenue · ⤓ 990 PDF
FY2023$868K revenue · ⤓ 990 PDF
FY2022$828K revenue · ⤓ 990 PDF
FY2021$600K revenue · ⤓ 990 PDF
FY2020$599K 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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