Canal Society of New Jersey
Canal Society of New Jersey is a private foundation, based in PARSIPPANY, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.0M in total assets. In 2024, it made $296K in qualifying distributions. Net investment income was $270K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.0M
+9.1% YoY
Revenue
$294K
+137.5% YoY
Qualifying Distributions
$296K
+3.7% YoY
Expenses
$296K
+3.7% YoY
Under IRS private-foundation payout rules, Canal Society of New Jersey reported a distributable amount of $336K for 2024 — the minimum it must pay out in qualifying distributions.
About Canal Society of New Jersey
Based on IRS filings
Canal Society of New Jersey is a private foundation, based in PARSIPPANY, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.0M in total assets. In 2024, it made $296K in qualifying distributions. Net investment income was $270K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,028,607 | $6,439,428 | $5,806,707 |
| Revenue | $294,102 | $123,829 | $135,850 |
| Expenses | $296,185 | $285,715 | $272,233 |
| Qualifying Distributions | $295,846 | $285,376 | $271,894 |
| Net Investment Income | $269,894 | $97,936 | $120,372 |
| Distributable Amount | $335,646 | $300,993 | $301,522 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOE MACASEK | PRESIDENT | 25 | — |
| BIERCE RILEY | DIRECTOR | 2 | — |
| STEVE LAUF | DIRECTOR | 2 | — |
| CARL LOUTZENHEISER | RECORDING SECRETARY | 2 | — |
| TIM ROTH | VICE-PRESIDENT | 25 | — |
| JIM LEE | DIRECTOR | 2 | — |
| JANICE ESCOBAR | DIRECTOR | 10 | — |
| KEN ROSER | TREASURER | 2 | — |
| BRUCE BLONDINA | DIRECTOR | 2 | — |
| BILL MEIER | DIRECTOR | 2 | — |
| BOB BODENSTEIN | DIRECTOR | 2 | — |
| RICH RICHTER | DIRECTOR | 2 | — |
| BOBBIE EGAN | DIRECTOR | 2 | — |
| JOHN PRIETO | DIRECTOR | 10 | — |
| JEFF STANTON | DIRECTOR | 2 | — |
| BOB BARTH | ADVISORY | 2 | — |
| DENNIS S FURBUSH | ADVISORY | 2 | — |
| WILLIAM R GREGOR | ADVISORY | 2 | — |
| WILLIAM J MCKELVEY | ADVISORY | 2 | — |
| LEWIS WEFFERLING | FINANCIAL ADMINISTRATOR | 2 | — |
| PAT MUELLER | ADVISORY | 2 | — |
| RICH ROCKWELL | ADVISORY | 2 | — |
Frequently Asked Questions
How large is Canal Society of New Jersey?
As of 2024, Canal Society of New Jersey holds $7.0M in total assets with $294K in annual revenue.
Where does Canal Society of New Jersey operate?
Canal Society of New Jersey has awarded grants in New Jersey.
How much is Canal Society of New Jersey required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Canal Society of New Jersey reported a distributable amount of $336K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Canal Society of New Jersey's EIN?
Canal Society of New Jersey's EIN (Employer Identification Number) is 23-7263028. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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