Nonprofit · EIN 65-1057720
FOUNDATION FINANCIAL OFFICERS GROUP INC
Tax-exempt · MOUNT ROYAL, NJ 08061
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,359,903 | $1,341,303 | $18,600 | $997,852 | $213,889 | $783,963 |
| December 31, 2023 | 990 | $1,257,246 | $1,295,294 | -$38,048 | $907,261 | $141,898 | $765,363 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $86,650
- Program service revenue
- $1,235,150
- Investment income
- $38,103
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,848
- Program services (functional)
- $914,870
- Management and general (functional)
- $426,433
Balance sheet and other
- Total assets, start of year
- $907,261
- Total assets, end of year
- $997,852
- Total liabilities, end of year
- $213,889
- Net assets, end of year
- $783,963
- Net assets without donor restrictions
- $780,374
- Net assets with donor restrictions
- $3,589
- Gross receipts
- $1,359,903
- Employees
- 0
- Volunteers
- 58
- Year formed
- 2000
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFREY MALLOY | PRESIDENT (THROUGH 10/18/24) Trustee or director, Officer | 10 | $0 |
| TIM OTTO | TRSR/PRES ELECT (THROUGH 10/18/24) Trustee or director, Officer | 3 | $0 |
| TIM ORTEZ | SECRETARY Trustee or director, Officer | 3 | $0 |
| VALERIE MARTIN | TREASURER(BEG 10/18/24) Trustee or director, Officer | 3 | $0 |
| JENNIFER DEGER | DIRECTOR/TTEE (THROUGH 10/18/24) Trustee or director | 1 | $0 |
| KENNETH JONES II | DIRECTOR/TTEE (THROUGH 10/18/24) Trustee or director | 1 | $0 |
| JOYCE LEE | DIRECTOR/TTEE (THROUGH 10/18/24) Trustee or director | 1 | $0 |
| MARLOW KEE | DIRECTOR/TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM MOON | DIRECTOR/TRUSTEE Trustee or director | 1 | $0 |
| STEPHEN WEBSTER | DIRECTOR/TRUSTEE Trustee or director | 1 | $0 |
| ADEN BLISS | DIRECTOR/TRUSTEE Trustee or director | 1 | $0 |
| CAREY CHAMBERS | DIRECTOR/TRUSTEE Trustee or director | 1 | $0 |
| CHRISTY UTBERG | DIRECTOR/TRUSTEE Trustee or director | 1 | $0 |
| MARK RICH | DIRECTOR/TRUSTEE Trustee or director | 1 | $0 |
| MATT AGUIAR | DIRECTOR/TTEE (BEG 10/18/24) Trustee or director | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH BANKS | DIRECTOR/TTEE (BEG 10/18/24) Trustee or director | 1 | $0 |
| MARIA WOODRUFF-WRIGHT | DIRECTOR/TTEE (BEG 10/18/24) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFREY MALLOY | PRESIDENT Trustee or director, Officer | 10 | $0 |
| TIM OTTO | TREASURER/PRESIDENT ELECT BEGINNING 10/20/23 Trustee or director, Officer | 3 | $0 |
| TIM ORTEZ | SECRETARY Trustee or director, Officer | 3 | $0 |
| SURESH BHAT | DIRECTOR/TRUSTEE THROUGH 10/20/23 Trustee or director | 1 | $0 |
| ROSALIND HEWSENIAN | DIRECTOR/TRUSTEE THROUGH 10/20/23 Trustee or director | 1 | $0 |
| AMY HILL | DIRECTOR/TRUSTEE THROUGH 10/20/23 Trustee or director | 1 | $0 |
| JENNIFER DEGER | DIRECTOR/TRUSTEE Trustee or director | 1 | $0 |
| KENNETH JONES II | DIRECTOR/TRUSTEE Trustee or director | 1 | $0 |
| JOYCE LEE | DIRECTOR/TRUSTEE Trustee or director | 1 | $0 |
| MARLOW KEE | DIRECTOR/TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM MOON | DIRECTOR/TRUSTEE Trustee or director | 1 | $0 |
| JULIE SHEWMAKER | DIRECTOR/TRUSTEE THOUGH 3/31/23 Trustee or director | 1 | $0 |
| STEPHEN WEBSTER | DIRECTOR/TRUSTEE BEGINNING 9/25/23 Trustee or director | 1 | $0 |
| ADEN BLISS | DIRECTOR/TRUSTEE BEGINNING 10/20/23 Trustee or director | 1 | $0 |
| CAREY CHAMBERS | DIRECTOR/TRUSTEE BEGINNING 10/20/23 Trustee or director | 1 | $0 |
| CHRISTY UTBERG | DIRECTOR/TRUSTEE BEGINNING 11/1/23 Trustee or director | 1 | $0 |
| MARK RICH | DIRECTOR/TRUSTEE BEGINNING 11/1/23 Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 19 MANTUA RD, MOUNT ROYAL, NJ 08061-1006
- In care of
- % LAWRENCE MANGAN
- Principal officer (990 for 2024)
- TIM OTTO, 19 MANTUA ROAD, MT ROYAL, NJ 08061
- Signed the 990
- TIM OTTO, TREASURER
- Phone
- (856) 423-3156
- Website
- WWW.FFOG.ORG
- Return prepared by
- SELDEN FOX LTD
Mission
TO FACILITATE OPPORTUNITIES FOR THE EXCHANGE OF INFORMATION AND IDEAS, AND TO ENCOURAGE NETWORKING, AMONG ITS MEMBERS TO FURTHER THEIR DEVELOPMENT AS FINANCIAL AND INVESTMENT LEADERS AND FOUNDATION OFFICERS.
Program accomplishments
- MEMBER MEETINGS - SEMI-ANNUAL MEETINGS FOR CHIEF FINANCIAL AND INVESTMENT OFFICERS OF PRIVATE FOUNDATIONS; THE AGENDA FOCUSES ON CURRENT DEVELOPMENTS AND BEST PRACTICES IN THE MANAGEMENT OF PRIVATE FOUNDATIONS.Expenses $713,627 · revenue $526,250
- MEMBERSHIP SERVICES; THE GROUP ENGAGES VARIOUS COMMITTEES AND INDEPEDENT CONTRACTORS TO PERFORM ANNUAL SURVEYS ON BEHALF OF ITS MEMBERS. THESE INCLUDE SURVEYS OF MEMBERS' INVESTMENT PRACTICES, ADMINISTRATIVE EXPENSES, AND COMPENSATION PRACTICES. IN ADDITION, COMMITTEES ARE RESPONSIBLE FOR DEVELOPING CONTENT FOR AND FACILITATING THE EXCHANGE OF IDEAS VIA THE GROUP'S MEMBERSHIP WEBSITE.Expenses $129,078 · revenue $708,900
- COMMITTEES - CONTENT, MEMBER ENGAGEMENT, RESEARCH, AND INVESTMENT AND ADMINISTRATIVE PROGRAM COMMITTEES DESIGNED TO MAINTAIN CONTENT AND COLLABORATION ON THE GROUP'S WEBSITE, MANAGE MEMBER ENGAGEMENT, AND ENHANCE THE LEVEL OF DISCOURSE AMONG MEMBERS ABOUT INVESTMENT AND ADMINISTRATIVE TOPICS.Expenses $72,165
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 65-1057720
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T03)
- Assets (IRS master file)
- $997,852
- Income (IRS master file)
- $1,359,903
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,359,903 | $1,341,303 | $997,852 | XML |
| 990 | December 2023 | $1,257,246 | $1,295,294 | $907,261 | XML |
| 990 | December 2022 | $1,107,434 | $1,308,872 | $1,141,402 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 65-1057720).
Questions about FOUNDATION FINANCIAL OFFICERS GROUP INC
- What is the EIN of FOUNDATION FINANCIAL OFFICERS GROUP INC?
- The employer identification number (EIN) of FOUNDATION FINANCIAL OFFICERS GROUP INC is 65-1057720.
- Is FOUNDATION FINANCIAL OFFICERS GROUP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to FOUNDATION FINANCIAL OFFICERS GROUP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION FINANCIAL OFFICERS GROUP INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOUNDATION FINANCIAL OFFICERS GROUP INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION FINANCIAL OFFICERS GROUP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FOUNDATION FINANCIAL OFFICERS GROUP INC?
- The 990 for the year ended December 31, 2024 names TIM OTTO.
- Who are the officers and directors of FOUNDATION FINANCIAL OFFICERS GROUP INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION FINANCIAL OFFICERS GROUP INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,359,903, expenses of $1,341,303 and total assets of $997,852 at year end.
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