Sprout Inc
- Assets
- $125.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Hoboken, NJ
- Founding
- 11/1981
- Data as of
- 12/2022
- EIN
- 13-3344354
Organization Overview
Sprout Inc is located in Hoboken, NJ. The organization was established in 1981. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Sprout Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sprout Inc 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 12/2022, Sprout Inc generated $26.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (42.8%) each year. All expenses for the organization totaled $20.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (45.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FILM PROGRAM ASSISTING SCHOOLS UNIVERSITIES ETC IN PRESENTING FILMS FEATURING PEOPLE WITH DEVELOPMENTAL DISABILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Di Salvo Executive Director | 15 | $0 | |
Laura Cohen Member | 2 | $0 | |
Michael Fioravanti President | 2 | $0 | |
Faith Tunay Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,229 |
| Total Program Service Revenue | $24,957 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $729 |
| Total Revenue | $26,915 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,134 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $97 |
| Other expenses | $14,677 |
| Total expenses | $20,908 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $125,334 |
| Other assets | $0 |
| Total assets | $125,334 |
| Total liabilities | $29,160 |
| Net assets or fund balances | $96,174 |