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Perlman Family Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 223482032 ✦ Paramus, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Perlman Family Foundation Inc?

Perlman Family Foundation Inc, based in Paramus, New Jersey, is a charitable organization that dedicates its resources to 501(c)(3) entities. Aligning with its purpose, it provides grants to various organizations that cater to humanitarian, social service, and educational needs. Notably, the foundation extends its support to the Jewish Federation of Northern New Jersey, demonstrating its commitment to the community. The foundation's activities contribute to enhancing the lives of individuals and families in need, promoting social welfare and education.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

Overall Score: 73%

Star Rating: Two-Star out of Four Stars

The Perlman Family Foundation Inc holds a "Needs Improvement" rating with an overall score of 73%. This indicates that while the foundation demonstrates several strengths, there are significant areas where accountability and transparency could be enhanced. The foundation has a strong oversight structure, as evidenced by having an entirely independent board and a high program expense ratio of 89.49%, which suggests that most of its funds are directed towards its charitable programs.

However, the foundation has notable limitations in its policies and practices. Specifically, it lacks essential governance documents such as a conflict of interest policy, a whistleblower policy, and a document retention policy, each of which is critical for maintaining accountability. Additionally, the foundation has not posted its tax form on its website, which raises concerns regarding transparency with potential donors and stakeholders.

While the foundation has demonstrated a commitment to its mission through program spending and effective financial management, the absence of key policies and publicly accessible financial information may hinder its credibility and trustworthiness among the public and potential supporters.


This AI summary has been generated from information found on Charity Navigator.

Is Perlman Family Foundation Inc legitimate?

Perlman Family Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Perlman Family Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Perlman Family Foundation Inc?

The Perlman Family Foundation Inc's mission involves providing support to organizations that focus on humanitarian, social service, and educational needs. Specifically, they partner with the Jewish Federation of Northern New Jersey and make grants to various 501(c)(3) organizations to address these necessities. The foundation's activities are geared towards addressing humanitarian and social issues, offering assistance in education, and contributing to charitable causes. Their allocations are made in accordance with the foundation's purpose, supporting relevant non-profit organizations.

Who is the CEO of Perlman Family Foundation Inc?

Martin Perlman is the President of Perlman Family Foundation Inc.

What is the revenue of Perlman Family Foundation Inc?

Perlman Family Foundation Inc's revenue in 2022 was $59,368.

Who are the executives of Perlman Family Foundation Inc and what are their salaries?

There 5 volunteers at Perlman Family Foundation Inc.


Here are 5 key members and their salaries:


Robin Rochlin (Secretary And Treasurer)
  • Compensation: $0
  • Related: $146,482
  • Other: $12,129
Martin Perlman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joann Hassan (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Metzger (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Rubin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Perlman Family Foundation Inc?

Perlman Family Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Perlman Family Foundation Inc

The Perlman Family Foundation Inc is committed to supporting organizations that cater to humanitarian, social service, and educational needs. This foundation extends its aid to both the Jewish Federation of Northern NJ and various other 501(C)(3) entities. By providing grants to these organizations, the Perlman Family Foundation Inc contributes to initiatives that alleviate suffering and promote growth within communities. The foundation's grants and allocations are strategically distributed to organizations in line with its mission, thereby making a substantial impact on the lives of those in need.

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Impact




October, 2024

The Perlman Family Foundation Inc significantly contributes to the well-being of the community through its support for various humanitarian, social service, and educational initiatives. Focusing on the Jewish Federation of Northern New Jersey, the foundation plays a pivotal role in addressing pressing needs, facilitating grants that ensure vital services are provided to those in need. By allocating resources to other 501(c)(3) organizations, the foundation enhances the capacity of these entities to deliver essential programs and support. Its commitment to philanthropy not only fosters community development but also enriches the lives of individuals by addressing educational and social challenges within the region.




This information is meant to be a general summary of Perlman Family Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$59,368 (2022)
Expenses
$27,898 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $59,368
  • Gross Receipts: $127,715

Assets and Liabilities:

  • Total Assets: $495,075
  • Total Liabilities: $0
  • Net Assets: $495,075

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Organization Details

Founding Year

1996

Principal Officer

Martin Perlman

Main Address

50 Eisenhower Drive, Paramus, NJ, 07652

NTEE Category

Code: T30Z - Philanthropy

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