The Joseph Fund Inc
- Assets
- $716.7k
- Revenue
- $350.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Mullica Hill, NJ
- Founding
- 06/2016
- Data as of
- 12/2023
- EIN
- 20-4869278
Organization Overview
The Joseph Fund Inc is located in Mullica Hill, NJ. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph Fund 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 12/2023, Joseph Fund Inc generated $350.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $409.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Joseph Fund Inc has awarded 26 individual grants totaling $1,723,037. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE JOSEPH FUND'S MISSION IS TO TRANSFORM THE LIVES OF CHILDREN IN CAMDEN THROUGH THE POWER OF EDUCATION. THE JOSEPH FUND DOES THIS BY PROVIDING SCHOLARSHIP AND TUITION ASSISTANCE TO THE CHILDREN AND FAMILIES OF CAMDEN THROUGH THE COLLECTION OF DONATIONS FROM INDIVIDUALS, BUSINESSES AND SPECIFIC PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SOLICIT AND RECEIVE GIFTS OF MONEY, SECURITIES AND OTHER PROPERTY; AND TO PROVIDE FUNDS FOR SCHOLARSHIPS AND TUITION ASSISTANCE TO THE CHILDREN AND FAMILIES OF CAMDEN. PRIMARY ACTIVITIES OF THE FUND AND ITS BOARD OF TRUSTEES WILL INCLUDE SEEKING PRIVATE CONTRIBUTIONS, CORPORATE INVESTMENT BY AREA BUSINESSES AND GRANTS FROM PUBLIC AND PRIVATE FOUNDATIONS. THE FUND IS ALSO DEVOTED TO PROMOTING GREATER AWARENESS OF ITS SUPPORTED ORGANIZATIONS IN THE IMMEDIATE AND SURROUNDING COMMUNITIES. FINALLY, THE JOSEPH FUND BOARD OF TRUSTEES WILL PROVIDE OVERSIGHT AND CONSULTATIVE ASSISTANCE IN THE MOST EFFECTIVE USE OF THE FINANCIAL RESOURCES IT PROVIDES TO ITS SUPPORTED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Wujcik President | OfficerTrustee | $0 | |
Chris Campbell Secretary | OfficerTrustee | $0 | |
Altheia Leduc Treasurer | OfficerTrustee | $0 | |
Francis Murphy Board Member | Trustee | $0 | |
Ed Hutchinson Board Member | Trustee | $0 | |
David Destefano Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $170,261 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $190,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $360,711 |
| Total Program Service Revenue | $0 |
| Investment income | $3,794 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$14,527 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $349,978 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $205,780 |
| Grants and other assistance to domestic individuals. | $41,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $129,996 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,637 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,569 |
| Advertising and promotion | $1,080 |
| Office expenses | $7,878 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $116 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $518 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,449 |
| All other expenses | $0 |
| Total functional expenses | $409,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,068 |
| Savings and temporary cash investments | $354,062 |
| Pledges and grants receivable | $28,537 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $716,667 |
| Accounts payable and accrued expenses | $10,835 |
| 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 | $10,835 |
| Net assets without donor restrictions | $546,808 |
| Net assets with donor restrictions | $159,024 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $716,667 |
Grants Awarded
Over the last fiscal year, The Joseph Fund Inc has awarded $205,780 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC PARTNERSHIP SCHOOLS PURPOSE: CHURCH/SOCIAL SERVIC | $146,650 |
ST JOSEPH CHILD DEVELOPMENT CENTER PURPOSE: CHURCH/SOCIAL SERVIC | $59,130 |