NEW BRUNSWICK, NJ
New Brunswick Development Corporation
Quick Facts
- EIN
- 222104766
- Location
- NEW BRUNSWICK, NJ
- Category
- Human Services
- Total Assets
- $994.5M
- Annual Income
- $10.1M
- IRS Ruling Year
- 2019
- Organization Type
- Trust
- Principal Officer
- % Glen Sofo
- Tax Deductibility
- Contributions are deductible
About This Foundation
New Brunswick Development Corporation is a private trust based in NEW BRUNSWICK, NJ. The foundation received its IRS ruling in 2019. The principal officer is % Glen Sofo. It holds total assets of $994.5M. Annual income is reported at $10.1M. The foundation operates in the area of human services. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$6.7M
2023+12%
Total Assets
$965M
2023+419%
Fair Market Value
$965M
2023
Net Worth
$26.4M
2023
Grants Paid
$0
2023
Contributions
$497K
2023
Net Investment Income
$0
2023
Distribution Amount
$0
2023
Total Giving by Year
$4.6M
19$7.9M
20$5M
21$6M
22$6.7M
23Asset Growth
$311.5M
19$103.1M
20$160.7M
21$185.9M
22$965M
23Investment Portfolio (2023)
Total: $0
Other Investments: $4K
Cash: $2M
Other Investments (0%)
Cash (100%)
Expense Breakdown (2023)
Officer Compensation$1.9M
Pension & Benefits$732K
Occupancy$425K
Travel & Conferences$184K
Accounting Fees$97K
Depreciation$47K
Legal Fees$47K
Revenue Sources (2023)
- Other Income
- $11.2M
- Contributions
- $497K
- Interest
- $431K
Financial Details (2023)
- Total Revenue
- $12.1M
- Total Expenses
- $6.7M
- Exempt Purpose Expenses
- $6.9M
- Required Distribution
- $0
- Undistributed Income
- $0
- Total Liabilities
- $938.6M
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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