First Ghanaian Society Of New Jersey
- Assets
- $79.6k
- Revenue
- $8.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 09/2001
- Data as of
- 12/2021
- EIN
- 06-1621855
Organization Overview
First Ghanaian Society Of New Jersey is located in Newark, NJ. The organization was established in 2001. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Ghanaian Society Of New Jersey is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, First Ghanaian Society Of New Jersey generated $8.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (33.8%) each year. All expenses for the organization totaled $2.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (60.7%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEREAVEMENT ASSISTANCE FUND OPEN TO ALL MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Takyi Vice President | 8 | $0 | |
Pearl Glah Treasurer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,179 |
| Interest on Savings | $2 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,181 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $87 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $246 |
| Other expenses | $779 |
| Total operating and administrative expenses | $1,613 |
| Contributions, gifts, grants paid | $432 |
| Total expenses and disbursements | $2,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,946 |
| Savings and temporary cash investments | $21,681 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $79,627 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, First Ghanaian Society Of New Jersey has awarded $432 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PATIENCE ANOM PURPOSE: FUNERAL ASSISTANCE TO MEMBER OR FAMILY | $140 |
MARY PINKRAH PURPOSE: FUNERAL ASSISTANCE FOR MEMBER OR FAMILY | $121 |
JAMES NANCE PURPOSE: FUNERAL ASSISTANCE FOR MEMBER OR FAMILY | $105 |
PAUL ANTWI PURPOSE: FUNERAL ASSISTANCE TO MEMBER OR FAMILY | $66 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Learning Through An Expanded Arts Program Inc New York, NY | $2,991,832 | $9,986,466 |
Unbounded Learning Inc New York, NY | $10,202,052 | $11,682,333 |
Ecumenical Community Hershey, PA | $4,358,759 | $9,348,993 |
Mcelhattan Foundation Pittsburgh, PA | $120,280,311 | $4,922,440 |
Great Oaks Foundation Inc New York, NY | $2,451,527 | $9,169,233 |
The New York Opportunity Network Inc New York, NY | $9,128,852 | $11,413,843 |
Mid-Atlantic Region Commission On Higher Education Wilmington, DE | $17,355,711 | $12,036,917 |
Mdyhs Inc Brooklyn, NY | $134,976 | $6,680,548 |
East Harlem Tutorial Program Inc New York, NY | $86,316,213 | $22,073,171 |
Coleridge Initiative Incorporated New York, NY | $7,309,753 | $10,132,934 |
New Jersey Childrens Foundation Newark, NJ | $7,913,501 | $9,796,996 |
Camden Education Fund Inc Camden, NJ | $14,065,801 | $15,006,441 |