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Filing year 2024

FOSTER KARNEY TRUST FUND

Ocean City, New Jersey·EIN 22-6441627·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$237k
Total assets
$3.5M
Total expenses
$214k
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2024. FOSTER KARNEY TRUST FUND reported 3 unpaid officers and board members on its 990-PF.

Secretary
Chairmen
Treasurer

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$206k

Itemized grants

22

Median grant

$5k

RecipientLocationPurposeAmount
RANCH HOPE INC RANCH HOPE INCALLOWAY, NJGENERAL PURPOSE$24k
FOUNDATION FOR SUSTAINABLE VETS HOU FOUNDATION FOR SUSTAINABLE VETS HOUWESTFIELD, NJGENERAL PURPOSE$23k
SHORE MEDICAL CENTER SHORE MEDICAL CENTERSOMERS POINT, NJGENERAL PURPOSE$22k
SUNSHINE FOUNDATION SUNSHINE FOUNDATIONSOUTHAMPTON, PAGENERAL PURPOSE$22k
VOLUNTEER IN MEDICINE VOLUNTEER IN MEDICINECAPE MAY COURT HOUSE, NJGENERAL PURPOSE$22k
OC HIGH SCHOOL SCHOLARSHIPS OC HIGH SCHOOL SCOLARSHIPSOCEAN CITY, NJGENERAL PURPOSE$17k
AMERICAN LEGION AUXILIARY POST 524 AMERICAN LEGION AUXILIARY POST 524OCEAN CITY, NJGENERAL PURPOSE$16k
JOHN R ELLIOTT HERO CAMPAGNE JOHN R ELLIOTT HERO CAMPAGNESOMERS POINT, NJGENERAL PURPOSE$12k
AMERICAN LEGION CRAWFORD CREWS POST AMERICAN LEGION CRAWFORD CREWS POST 251MONCLAIR, NJGENERAL PURPOSE$6k
CAPE ATLANTIC CITIZENS ALTERING THE CAPE ATLANTIC CITIZENS ALTERING THEOCEAN CITY, NJGRNERAL PRRPOSE$6k
CONTACT CAPE ATLANTIC CONTACT CAPE ATLANTICNORTHFIELD, NJGENERAL PURPOSE$5k
NJ RUN FOR THE FALLEN INC NJ RUN FOR THE FALLEN INCOCEAN CITY, NJGENERAL PURPOSE$5k
SHRINERS HOSPITALS FOR CHILDREN SHRINERS HOSPITALS FOR CHILDRENPHILA, PAGENERAL PURPOSE$5k
ST PETERS UNITED METHODIST CHURCH ST PETERS UNITED METHODIST CHURCHOCEAN CITY, NJGENERAL PURPOSE$5k
ANGELIC HEATH FOUNDATION ANGELIC HEALTH FOUNDATIONWEST ATLANTIC CITY, NJGENERAL PURPOSE$4k
SONS OF AMERICAN LEGION POST 524 SONS OF AMERICAN LEGION POST 524OCEAN CITY, NJGENERAL PURPOSE$4k
CASA CASASOMERS POINT, NJGENERAL PURPOSE$2k
GILDA'S CLUB SOUTH JERSEY GILD'S CLUB SOUTH JERSEYLINWOOD, NJGENERAL PURPOSE$2k
MUDGIRLS STUDIOS MUDGIRLS STUDIOSATLANTIC CITY, NJGENERAL PURPOSE$2k
MARINE MAMMAL STRANDING CENTER MARINE MAMMAL STRANDING CENTERBRIGANTINE, NJGRNERAL PURPOSE$1k
TARA'S HAPPY BOXES TARA'S HAPPY BOXESSOMERS POINT, NJGENERAL PURPOSE$1k
WETLANDS INSTITUTE WETLANDS INSTITUTESTONE HARBOR, NJGENERAL PURPOSE$1k
Financial trend

Revenue and expenses over time

FOSTER KARNEY TRUST FUND reported revenue and expenses across 3 filing years.

RevenueExpenses
$413k
$192k
2021
$178k
$218k
2023
$237k
$214k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in New Jersey

FOSTER KARNEY TRUST FUND reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in New Jersey earns a median of $24,000.

25th percentile
$10k
Median
$24,000
75th percentile
$63k
90th percentile
$178k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 688 organizations across 688 filings (2022 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for New Jersey
FAQ

Common questions about FOSTER KARNEY TRUST FUND

What are FOSTER KARNEY TRUST FUND's revenue and expenses?

In 2024, FOSTER KARNEY TRUST FUND reported $237k in total revenue and $214k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.