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Albert Payson Terhune Foundation EIN 22-6072388

Albert Payson Terhune Foundation

EIN  22-6072388 Private foundation / grantmaker Verona, NJ
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Size
<$100K
What they do
A private foundation based in Verona, NJ. It reported about $22K in revenue for 2025.
Leadership
Connie Celli · Foundation Mgr. · $1K
Money in and out
$22K revenue, $47K expenses
Bottom line
—

A private foundation based in Verona, NJ. It reported about $22K in revenue for 2025. For fiscal year 2025 it reported $22K in revenue, $47K in expenses, and $257K in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$22K
Pt VIII · Ln 12
Total expenses
$47K
Pt IX · Ln 25
Net assets
$257K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$24K
Total assets
257K
deployed as grants and operations
Grants paid
37K
in FY2025
Grants made
17grants
total in period
Payout rate
15%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 17 grants · $37K · 2025–2025
Partners in Animal WelfareFY2025$7,750
The Raptor TrustFY2025$5,618
The Montclair FoundationFY2025$4,800
The Montclair History CenterFY2025$4,698
Felician UniversityFY2025$3,500
OasisFY2025$2,625
Montclair Public LibraryFY2025$2,000
Yogi Berra Museum Learning CenterFY2025$1,700
The Seeing EyeFY2025$1,480
Montclair Troop 12FY2025$1,400
Laurelwood ArboretumFY2025$700
Allegheny CollegeFY2025$175
Hamilton CollegeFY2025$175
Montclair Kimberly AcademyFY2025$175
Wyckoff Public LibraryFY2025$175
Cutchogue-New Suffolk Free LibraryFY2025$175
Verona Public LibraryFY2025$175

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$2K
Median grantPart XV$1K
Largest grantPart XV$8K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$22K
FY2025▼ -4%
Expenses
$47K
FY2025▲ +250%
Total assets
$257K
FY2025▼ -9%
Total liabilities
$0
FY2025
Total revenue
$22K
Pt VIII · Ln 12
Total expenses
$47K
Pt IX · Ln 25
Net assets
$257K
Pt X · Ln 32
Total assetsPt II$257K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAlbert Payson Terhune Foundation
EINHdr · item D22-6072388
Principal addressHdr · item CVerona, NJ
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFDec 1965

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
Connie Celli
Foundation Mgr.
$1,400Pt VII · Sec A
Brett Straten
Treasurer
$0Pt VII · Sec A
Ann Mc Carthy
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kathleen Wessling
Vice President
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income100%$22K
Total revenueLn 12$22K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.80 Operating & administrative $0.20
Grants & contributions paid80%$37K
Operating & administrative20%$9K
Total functional expensesLn 25$47K

Balance Sheet

Part X · end of year
CashLn 1$7K
Total assetsLn 16$257K
Total liabilitiesLn 26$0
Total net assetsLn 32$257K
Months of cash on handcomputed1.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $257K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $22K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $22K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $22K · Prior year $23K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $257K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $22K · Expenses $47K
-110%
Liabilities-to-Assets
Total liabilities — · Total assets $257K
—
Net-asset ratio
Net assets $257K · Total assets $257K
100%
People & payroll
Highest Reported Total Compensation
Individual Connie Celli · Reported title Foundation Mgr. · Highest reported compensation $1K · Total expenses $47K
3%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth -4%——

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)$22K revenue · viewing · ⤓ 990 PDF
FY2024$23K revenue · ⤓ 990 PDF
FY2023$-2K revenue · ⤓ 990 PDF
FY2022$167K revenue · ⤓ 990 PDF
FY2021$36K revenue · ⤓ 990 PDF
FY2020$10K 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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