New Jersey Youth Development Foundation
- Assets
- $749.7k
- Revenue
- $505.9k
- Investments
- $150.0k
- Employees
- 32
- Location
- Kenilworth, NJ
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 11-3826837
Organization Overview
New Jersey Youth Development Foundation is located in Kenilworth, NJ. The organization was established in 2009. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, New Jersey Youth Development Foundation employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Youth Development Foundation 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, New Jersey Youth Development Foundation generated $505.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $411.1k during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GAME OF GOLF IS USED AS A VEHICLE TO INSTILL IN YOUTH NINE DIFFERENT SKILLS HONESTY, INTEGRITY, PERSERVERANCE, SPORTSMANSHIP, RESPECT, CONFIDENCE, RESPONSIBILITY, JUDGEMENT, AND COURTESY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER CAMPS, CLASS AND ACTIVITIES TO IMPACT THE LIVES OF YOUNG PEOPLE BY PROVIDING EDUCATIONAL PROGRAMS TO BUILD CHARACTER
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Mccarthy Board Chair | Officer | 4 | $0 |
Joe Mulligan Secretary | Officer | 6 | $0 |
Kevin Denike Board Vice-Chair | Officer | 6 | $0 |
Eric Davis Board Treasurer | Officer | 4 | $0 |
Justin Dipoto Board Member | Trustee | 2 | $0 |
Scott Pester Board Member | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $213,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $213,460 |
| Total Program Service Revenue | $182,338 |
| Investment income | $8,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $101,966 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $505,891 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $243,996 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,271 |
| Fees for services: Management | $1,108 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,012 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,032 |
| Office expenses | $14,612 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,000 |
| Travel | $2,986 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $361 |
| Insurance | $15,800 |
| All other expenses | $0 |
| Total functional expenses | $411,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,120 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $317,532 |
| Investments—other securities | $150,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $749,652 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $749,652 |
| Total liabilities and net assets/fund balances | $749,652 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that New Jersey Youth Development Foundation has recieved totaling $120,490.
| Awarding Organization | Amount |
|---|---|
Pga Tour First Tee Foundation Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $95,230 |
Pga Tour Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $25,000 |
The Wallace Foundation New York, NY PURPOSE: EMPLOYEE MATCHING GIFT-GENERAL SUPPORT | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $60 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usta Player Development Incorporated White Plains, NY | $604,131 | $13,893,000 |
United States Equestrian Team Foundation Inc Gladstone, NJ | $30,191,062 | $5,247,335 |
Laureus Sport For Good Foundation Of America New York, NY | $6,727,173 | $4,372,530 |
Far Hills Race Meeting Association Inc Far Hills, NJ | $7,235,904 | $3,433,382 |
Open Squash Inc New York, NY | $5,357,253 | $1,806,431 |
American Platform Tennis Association Inc Pittsburgh, PA | $1,547,528 | $1,984,678 |
New York Yacht Club Regatta Association Inc New York, NY | $782,002 | $1,482,419 |
National Collegiate Rugby Organization Inc Wilmington, DE | $82,012 | $1,426,053 |
Kasparov Chess Foundation Inc Montville, NJ | $7,558,285 | $1,748,219 |
Pittsburgh Elite Volleyball Association Pittsburgh, PA | $538,474 | $1,020,631 |
Aurora Ice Association Inc East Aurora, NY | $3,480,077 | $1,014,399 |
United States Bowling Congress Inc Saylorsburg, PA | $684,968 | $828,660 |