Nick Cerbo Family Foundation Inc

MOUNTAIN LAKES, NJ EIN: 20-0291354

Nick Cerbo Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOUNTAIN LAKES, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $58K in total assets. In 2024, it awarded 2 grants totaling $4K. Net investment income was $6K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$58K

+0.4% YoY

Annual Giving

$4K

+2.4% YoY

Grant Count

2

+0.0% YoY

Avg Grant Size

$2K

+2.4% YoY

Under IRS private-foundation payout rules, Nick Cerbo Family Foundation Inc reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.

About Nick Cerbo Family Foundation Inc

Based on IRS filings

Nick Cerbo Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOUNTAIN LAKES, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $58K in total assets. In 2024, it awarded 2 grants totaling $4K. Net investment income was $6K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

MorristownNew Providence

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$4K$9K$13K$18K20202021202220232024
Metric202420232022
Total Assets$57,637$57,433$60,407
Revenue$5,900$2,668$4,468
Expenses$5,696$5,642$5,548
Qualifying Distributions$4,300$4,200$4,000
Net Investment Income$5,522$2,278$2,932
Distributable Amount$4,756$4,293$4,172

Giving Over Time

Total grant dollars and number of grants per year

$0$1K$2K$3K$4K2 grants20203 grants20212 grants20222 grants20232 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

NJ SHARING NETWORK$2KVISITING NURSE ASSOCIATION$2K

Grant Size Distribution

11 grants across all recorded years

11<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Nj Sharing Network ($2,300), Visiting Nurse Association ($2,000).

RecipientPurposeAmount
NJ SHARING NETWORK NEW PROVIDENCE, NJRESEARCH$2,300
VISITING NURSE ASSOCIATION MORRISTOWN, NJRESEARCH$2,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
CATHERINE CERBOTRUSTEE/PRESIDENT/TREAS

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Nick Cerbo Family Foundation Inc?

Nick Cerbo Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOUNTAIN LAKES, NJ. It holds $58K in total assets as of 2024.

How large is Nick Cerbo Family Foundation Inc?

As of 2024, Nick Cerbo Family Foundation Inc holds $58K in total assets with $6K in annual revenue. It awarded 2 grants totaling $4K in 2024.

Where does Nick Cerbo Family Foundation Inc operate?

Nick Cerbo Family Foundation Inc has awarded grants in New Jersey.

What size grants does Nick Cerbo Family Foundation Inc award?

In 2024, Nick Cerbo Family Foundation Inc awarded 2 grants totaling $4K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Nick Cerbo Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Nick Cerbo Family Foundation Inc reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Nick Cerbo Family Foundation Inc's EIN?

Nick Cerbo Family Foundation Inc's EIN (Employer Identification Number) is 20-0291354. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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