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Filing year 2024

MATRIX FOUNDATION INC

Cranbury, New Jersey·EIN 22-3231774·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

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

Total revenue
$1.4M
Total assets
$1.6M
Total expenses
$835k
Reported officers
4

Reported officers (all unpaid)

No paid executives reported in 2024. MATRIX FOUNDATION INC reported 4 unpaid officers and board members on its 990-PF.

Trustee
Trustee
Trustee
Trustee

Grants paid

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

Total granted

$830k

Itemized grants

30

Median grant

$6k

RecipientLocationPurposeAmount
CENTER FOR CREATIVE CHANGE INCWASHINGTON, DCMOMENT 50TH CAMPAIGN$300k
NJPACNEWARK, NJDONATION$250k
HACKENSACK MERIDAN FOUNDATION INCEDISON, NJAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$50k
CHABAD LUBAVITCHNEW BRUNSWICK, NJAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$25k
CHILDREN'S HOSPITAL OF PHILADALEPHIS FOUNDATIONPHILADALEPHIA, PAHOMELESS HEALTH INITIATIVE$25k
HOMEFRONTLAWRENCEVILLE, NJAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$25k
NEWARK BETH ISRAEL MEDICALNEWARK, NJAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$25k
PRINCETON MEDICAL CENTER FOUNDATIONPLAINSBORO, NJCANCER CENTER CAMPAIGN$25k
CONGREGATION MAGEN DAVID OF (VCONGRE)OCEAN, NJAGREED UPON CONTRIBUTION TO "CHESED FUND"$10k
EMERGENCY CHILDREN'S HELP ORGANIZATIONSTATEN ISLAND, NYDONATION$10k
ISLES INCTRENTON, NJAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$10k
PARTNERS IN COMPASSION INC (VPARTCO)HACKETTSTOWN, NJDONATION$10k
THE RYAN WOLFE KOSSAR FOUNDATIONHASBROUCK HEIGHTS, NJAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$10k
WEST END FIRE & RESCUESHIPPENBURG, PADONATION$10k
NEW CONCEPTS FOR LIVING INC (VNEWCON)PARAMUS, NJAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$8k
ELIJAH'S PROMISENEW BRUNSWICK, NJAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$5k
FOOD BANK OF HUDSON VALLEYLATHAM, NYAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$5k
MEALS ON WHEELS OF GREATER NEWBURGHNEWBOURGH, NYAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$5k
CONGREGATION BROTHERS OF ISRAELLONGBANCH, NJAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$4k
FRIENDS OF THOMAS EDISON NATIONAL HISTORIC PARK CORPWEST ORANGE, NJAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$3k
HOLY TRINITY FOOD PANTRY (VHOLTR)WEST ORANGE, NJAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$3k
LUNA STAGE CO INCWEST ORANGE, NJDONATION$3k
NAIOP RESEARCH FOUNDATION INCHERNDON, VAAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$3k
WEST ORANGE ARTS COUNCIL INC (VWEORAN)WEST ORANGE, NJAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$3k
HATZALAH EMSELBERON, NJAN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.$2k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

MATRIX FOUNDATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$133k
$298k
2023
$1.4M
$835k
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

MATRIX FOUNDATION INC 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 MATRIX FOUNDATION INC

What are MATRIX FOUNDATION INC's revenue and expenses?

In 2024, MATRIX FOUNDATION INC reported $1.4M in total revenue and $835k 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.