DAVID KORMAN FOUNDATION INC
MANALAPAN,
New Jersey,
07726
EIN: 84-2069300
Educational Institutions and Related Activities
MISSION
The primary purpose of the organization is to provide scholarships to graduating high school seniors to help defray the costs associated with continuing their education. The hope is to be able to provide 2 - 3 scholarships each year.
N/ADEMOGRAPHIC
ADDRESS
6 ABILENE LN
07726
COUNTY
monmouth county, NJ
IN CARE OF NAME
RICHARD KORMAN
ORGANIZATIONAL OVERVIEW & RANKINGS
DAVID KORMAN FOUNDATION INC is a based in MANALAPAN, NJ, focused on Educational Institutions and Related Activities causes , specifically Scholarships, Student Financial Aid Services, Awards. Established in January 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 1,765,689 among 2,656,690 nonprofits nationally (Top 67%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 53,074 out of 72,131 organizations in NJ (Top 74%).
In monmouth county, NJ, the organization ranks 4,006 out of 5,509 nonprofits by assets (Top 73%), while locally in manalapan, it stands at 81 among 181 organizations (Top 41%).
The organization reported no revenue in the most recent filing period, placing it at 787,528 nationally and 46,119 in NJ.
Within its specific NTEE classification (B82 - B: Educational Institutions and Related Activities), which includes 31,922 similar organizations, DAVID KORMAN FOUNDATION INC ranks 21,777 in assets (Top 69%) and 15,445 in revenue (Top 49%).
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year. Additional information can be found at N/A.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
B: Educational Institutions and Related Activities
NTEE CODE
B82: Scholarships, Student Financial Aid Services, Awards
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2021
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
01/2020
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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