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Filing year 2023

MAGYARBANK CHARITABLE FOUNDATION

New Brunswick, New Jersey·EIN 20-4154914·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$32k
Total assets
$684k
Total expenses
$99k
Reported officers
7

Reported officers (all unpaid)

No paid executives reported in 2023. MAGYARBANK CHARITABLE FOUNDATION reported 7 unpaid officers and board members on its 990-PF.

President
V.p. & Treasurer
Corporate Secretary & Director
Class I Board Member
Class II Board Member
Class II Board Member
Class III Board Member

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$71k

Itemized grants

24

Median grant

$3k

RecipientLocationPurposeAmount
JEWISH COMMUNITY CENTER OF MIDDLESEX COUNTYEDISON, NJFUNDING FOR INCORPORATION OF NEW LEARNING EXPERIENCES$7k
STATE THEATRE REGIONAL ARTS CENTER AT NEW BRUNSWICK INCNEW BRUNSWICK, NJSUPPORT FOR THE SUCCESS OF THE CLASSICAL AND EDUCATIONAL PROGRAMS$6k
CENTRAL JERSEY HOUSING RESOURCE CENTERSOMERVILLE, NJFUNDING FOR HOUSING PROGRAMS$5k
FRANKLIN FOOD BANKSOMERSET, NJFUNDING FOR WAREHOUSE PROJECT AND STORAGE$5k
NEW BRUNSWICK HEALTH SCIENCES TECHNOLOGY HSNEW BRUNSWICK, NJFUNDING FOR SCHOLARSHIPS AND EDUCATIONAL RESOURCES$5k
TRIPLE C HOUSING INCNORTH BRUNSWICK, NJFUNDING FOR MATERIALS FOR POP UP PANTRY FOR RESIDENTS$5k
DUNELLEN LIONS CLUBDUNELLEN, NJFUNDING TO SUPPORT GROUPS PROGRAMS TO HELP THOSE WITH DISABILITIES$3k
FIRST TEE RARITAN VALLEYKENILWORTH, NJFUNDING FOR YOUTH PROGRAMS$3k
CENTER FOR GREAT EXPECTATIONS INCSOMERSET, NJFUNDING FOR COUNSELING SUPPORT AND RESIDENTIAL PROGRAMS$3k
ELIJAH'S PROMISENEW BRUNSWICK, NJFUNDING FOR MEAL SERVICES$3k
JEWISH FAMILY SERVICES OF MIDDLESEX COUNTYNORTH BRUNSWICK, NJFUNDING FOR FOOD PANTRIES$3k
LITTLE SERVANT SISTERS ST JOSEPH'S SENIOR HOMEWOODBRIDGE, NJFUNDING FOR NEW NURSING HOME EQUIPTMENT$3k
MEALS ON WHEELS GREATER NEW BRUNSWICKNEW BRUNSWICK, NJFUNDING FOR MEAL SERVICES$3k
NEW BRUNSWICK EDUCATION FOUNDATION INCNEW BRUNSWICK, NJFUNDING FOR EDUCATIONAL PROGRAM$3k
RARITAN VALLEY HABITAT FOR HUMANITYPLUCKEMIN, NJFUNDING FOR HOUSING SERVICES, MATERIALS AND AFFORADABLE PROPERTY$3k
TOWN CLOCK COMMUNITY DEVELOPMENT CORPORATION INCNEW BRUNSWICK, NJFUNDING FOR CASE MANAGEMENT PROGRAMS$3k
YMCA OF METUCHEN EDISON WOODBRIDGE AND SOUTH AMBOYMETUCHEN, NJFUNDING FOR LEADERSHIP DEVELOPMENT AND COMMUNITY SERVICE PROGRAMS$3k
FISH INCPISCATAWAY, NJFUNDING TO SUPPORT THE REBUILD OF FRINDSHIP HALL AFTER FIRE$2k
RARITAN VALLEY YMCAEAST BRUNSWICK, NJFUNDING FOR WATER SAFTEY PROGRAMS$2k
MIDDLESEX COLLEGE FOUNDATION INCEDISON, NJFUNDING FOR SCHOLARSHIPS AND EDUCATIONAL RESOURCES$2k
SPECTRUM FOR LIVING DEVELOPMENT INCEDISON, NJFUNDING FOR OPERATIONAL EXPENSES$2k
HARK-ALS INCHILLSBOROUGH, NJFUNDING FOR GIRL'S DEVELOPMENT PROGRAM$1k
SCORE PRINCETON AND CENTRAL NJPRINCETON, NJFUNDING FOR OPERATIONAL EXPENSES$1k
WOMEN AWARE INCNEW BRUNSWICK, NJFUNDING FOR VICTIM SAFETY SERVICES$1k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

MAGYARBANK CHARITABLE FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$27k
$87k
2022
$32k
$99k
2023
Total revenue and total expenses from IRS Form 990 filings.

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

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in New Jersey

MAGYARBANK CHARITABLE FOUNDATION 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 MAGYARBANK CHARITABLE FOUNDATION

What are MAGYARBANK CHARITABLE FOUNDATION's revenue and expenses?

In 2023, MAGYARBANK CHARITABLE FOUNDATION reported $32k in total revenue and $99k in total expenses on its IRS Form 990.

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