Sparta Education Foundation A Nj Nonprofit Corporation
- Assets
- $169.3k
- Revenue
- $117.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Sparta, NJ
- Founding
- 02/2007
- Data as of
- 12/2023
- EIN
- 20-5020824
Organization Overview
Sparta Education Foundation A Nj Nonprofit Corporation is located in Sparta, NJ. The organization was established in 2007. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, 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. Sparta Education Foundation A NJ Nonprofit Corporation 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, Sparta Education Foundation A NJ Nonprofit Corporation generated $117.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $177.4k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO GENERATE ADDITIONAL SOURCES OF REVENUE FOR EDUCATIONAL PROGRAMS AND SERVICES THAT ENHANCE THE CURRICULUM AND LEARNING ENVIRONMENT FOR THE SPARTA TOWNSHIP PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDS FOR THE RENOVATION OF THE WEIGHTS AND EXCERCISE ROOM AT SPARTA HIGH SCHOOL: THIS GRANT AFFORDED TO THE SPARTA HIGH SCHOOL WILL PROVIDE THE EXERCISE & PHYSIOLOGY CLASSES, PHYSICAL EDUCATION CLASSES, AND ITS STUDENT ATHLETES WITH UPDATED EQUIPMENT WITH WHICH TO TRAIN.
TO PROVIDE FUNDS TO MODERNIZE THE COMPUTERS FOR THE ARCHITECTURAL/ROBOTICS/ENGINEERING LAB AT SPARTA HIGH SCHOOL. THESE NEW COMPUTERS WILL ALLOW SPARTA STUDENTS TO LEARN ON SOFTWARE CURRENTLY BEING USED ON THE PROFESSIONAL LEVEL, AND TO REPLACE COMPUTERS THAT HAVE BECOME OBSOLETE.
TO PROVIDE TI-84 CE GRAPHING CALCULATORS TO SPARTA HIGH SCHOOL. THIS PROVIDES ALL LEVEL OF MATH CLASSES IN THE HIGH SCHOOL WITH TWENTY-ONE (21) NEW GRAPHING CALCULATORS. THESE ADVANCED MACHINES HOLD A LONGER BATTERY LIFE, AND REPLACE OUTDATED CALCULATORS THAT WERE BEING USED BY THE ENTIRE MATH DEPARTMENT. THIS GRANT SUPPORTS THE DISTRICT'S GOAL OF INCORPORATING TECHNOLOGY INTO THE CLASSROOM, AND GIVES THE MOST UPDATED TECHNOLOGY ACCESS TO ALL OF SPARTA'S STUDENT POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Egli President | OfficerTrustee | 15 | $0 |
Jill Palleschi Vice President And Acting Treasurer | OfficerTrustee | 15 | $0 |
Kimberly Noel Secretary | OfficerTrustee | 15 | $0 |
John Paul Tacona Co-Treasurer | OfficerTrustee | 5 | $0 |
Peter Hoglund Co-Treasurer | OfficerTrustee | 5 | $0 |
Kiera Wespestad Trustee | Trustee | 5 | $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 | $7,511 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,511 |
| Total Program Service Revenue | $0 |
| Investment income | $34 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $110,019 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $117,564 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $165,639 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,436 |
| Office expenses | $434 |
| Information technology | $3,458 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,392 |
| All other expenses | $0 |
| Total functional expenses | $177,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,328 |
| Savings and temporary cash investments | $68,946 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $169,274 |
| 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 | $169,274 |
| Total liabilities and net assets/fund balances | $169,274 |