Nick Cerbo Family Foundation Inc
Nick Cerbo Family Foundation Inc is a private foundation, based in Mountain Lakes, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $55K in total assets. In 2025, it awarded 2 grants totaling $5K. Net investment income was $3K.
Nick Cerbo Family Foundation Inc at a glance
In short: Nick Cerbo Family Foundation Inc gave $5K across 2 grants in 2025 (avg $2K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $4,750
- +10.5% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $2,375
- +10.5% vs 2024
- Median grant
- $2,375
- Total assets
- $54,677
- -5.1% vs 2024
- Primary geography
- New Jersey (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Nick Cerbo Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Visiting Nurse Association ($3K). Together the top 2 received $5K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 11 grants of 11 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Nick Cerbo Family Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+19%). Method
- In 2025 it paid out 85% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $2K (2021) to $5K (2025). In 2025 it made 2 grants totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Visiting Nurse Association Morristown, NJ | Research | $2,500 |
| Loaves & Fishes Community Food Pantry Boonton, NJ | Charity | $2,250 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $54,677 | $3,252 | $6,212 | $4,750 | 2 | $4,750 | $2,837 | $5,590 |
| 2024 | $57,637 | $5,900 | $5,696 | $4,300 | 2 | $4,300 | $5,522 | $4,756 |
| 2023 | $57,433 | $2,668 | $5,642 | $4,200 | 2 | $4,200 | $2,278 | $4,293 |
| 2022 | $60,407 | $4,468 | $5,548 | $4,000 | 2 | $4,000 | $2,932 | $4,172 |
| 2021 | $61,487 | $3,529 | $3,873 | $2,400 | 3 | $2,400 | $2,056 | $4,059 |
| 2020 | $61,831 | $16,005 | $3,923 | $2,500 | 2 | — | $1,750 | $2,379 |
Under IRS private-foundation payout rules, Nick Cerbo Family Foundation Inc reported a distributable amount of $6K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Nick Cerbo Family Foundation Inc is led by Catherine Cerbo, Trustee, President & Treasurer on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Catherine Cerbo
Trustee, President & Treasurer
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Nick Cerbo Family Foundation Inc
How much does Nick Cerbo Family Foundation Inc give each year?
Nick Cerbo Family Foundation Inc gave $5K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $4K across 2 grants.
How large is Nick Cerbo Family Foundation Inc?
Nick Cerbo Family Foundation Inc reported $55K in total assets on its 2025 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $6K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Nick Cerbo Family Foundation Inc operate?
Nick Cerbo Family Foundation Inc has awarded grants in New Jersey.
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 24, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 1, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 22, 2026)
- IRS filings on file for fiscal years 2020–2025
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