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Souchek Foundation Inc. is a private corporation based in MANASQUAN, NJ. The foundation received its IRS ruling in 2002. The principal officer is Albert Nitche. It holds total assets of $138K. Annual income is reported at $75K. Total assets have decreased from $524K in 2011 to $166K in 2023. The foundation is governed by 2 officers and trustees. To charitable organizations. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in New Jersey and Massachusetts. According to available records, Souchek Foundation Inc. has made 8 grants totaling $40K, with a median grant of $3K. The foundation has distributed between $20K and $20K annually from 2022 to 2023. Individual grants have ranged from $1K to $10K, with an average award of $5K. The foundation has supported 7 unique organizations. Grants have been distributed to organizations in New Jersey and California. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$4K
Average Grant
$4K
Largest Grant
$10K
Based on 7 grants from the most recent 990-PF filing.
To charitable organizations
To charitable organizations. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in NJ, CA.
Souchek Foundation Inc. has distributed a total of $40K across 8 grants. The median grant size is $3K, with an average of $5K. Individual grants have ranged from $1K to $10K.
Souchek Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Souchek Foundation Inc. is headquartered in MANASQUAN, NJ. While based in NJ, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jason Nitche | TRUSTEE | $0 | $0 | N/A |
| June Nitche | TRUSTEE | $0 | $0 | N/A |
Total Giving
$25K
Total Assets
$166K
Fair Market Value
$177K
Net Worth
$166K
Grants Paid
$20K
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
$8K
Total: $162K
Total Grants
8
Total Giving
$40K
Average Grant
$5K
Median Grant
$3K
Unique Recipients
7
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Archdiocese Of NewarkCONTRIBUTION | Newark, NJ | $10K | 2023 |
| Westfield Police Community Policy FCONTRIBUTION | Westfield, NJ | $5K | 2023 |
| Saint Rose Athletic ClubCONTRIBUTION | Belmar, NJ | $2K | 2023 |
| Equestrian Order Of The Holy SepulcCONTRIBUTION | Los Angeles, CA | $1K | 2023 |
| Best Defense FoundationCONTRIBUTION | Solana Beach, CA | $1K | 2023 |
| Ellen Maher Mccarthy Scholarship FuCONTRIBUTION | Rumson, NJ | $1K | 2023 |
| Roselle Park PbaCONTRIBUTION | Roselle Park, NJ | $10K | 2022 |