Gellman Foundation INC

Tax-deductible

Cedar Knolls, NJ501(c)(3)Foundations & GrantmakersEIN 26-4436349Revenue $549K in FY2024

On file with the IRShowardsmission.comPo Box 564, 07927-0564 · Cedar Knolls, NJTax-exempt since Jul 2009Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

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
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $151K a year · 33% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
990-PF Pt I · 5 filings
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$14K
0.5% 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
$549K
+24% vs prior year
Spent
$608K
Net assets
$2.5M
By yearFY2020–FY2024
Revenue
$549K
FY2024▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2020$289K
FY2021$441K
FY2022$541K
FY2023$444K
FY2024$549K
Expenses
$608K
FY2024▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$481K
FY2021$624K
FY2022$673K
FY2023$635K
FY2024$608K
Net assets
$2.5M
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.9M
FY2021$3.0M
FY2022$2.5M
FY2023$2.5M
FY2024$2.5M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2009.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 78% · $475K Operating & administrative 22% · $133K

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

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Who runs it and what they're paid

5 people listed on the 990-PF.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gellman Foundation INC executive salaries →

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Programs and updates

A private foundation based in Cedar Knolls, NJ.

Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 1 grant · $116K · 2024–2024
Various Places in NJ & NY NearFY2024$115,620

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$116K
Median grantPart XV$116K
Largest grantPart XV$116K

By the numbers

The FY2024 990-PF, line by line.

1The main four
Money in
$549K
Gifts and grants$376K
Investment income$135K
Other income$38K
Money out
$608K
Grants paid$475K
Running costs$133K
Owns and owes
$2.5M
net assets
Cash and savings$7K
Total assets$2.5M
Liabilities$14K
People
5
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$376K
Investment income$135K
Other income$38K
Total revenue$549K
Assets in detailEnd of year
Cash and savings together$7K
Total assets$2.5M
Liabilities$14K
Net assets$2.5M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $549K$608K−$59K$2.5M 990 PDF
FY2023 $444K$635K−$191K$2.5M 990 PDF
FY2022 $541K$673K−$132K$2.5M 990 PDF
FY2021 $441K$624K−$183K$3.0M 990 PDF
FY2020 $289K$481K−$192K$2.9M 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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