Jon Bon Jovi Soul Foundation
- Assets
- $2.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 16
- Location
- Philadelphia, PA
- Founding
- 02/2007
- Data as of
- 12/2023
- EIN
- 20-5036346
Organization Overview
Jon Bon Jovi Soul Foundation is located in Philadelphia, PA. The organization was established in 2007. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Jon Bon Jovi Soul Foundation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jon Bon Jovi Soul 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 12/2023, Jon Bon Jovi Soul Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 1.1% per year over the past 9 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.
Since 2015, Jon Bon Jovi Soul Foundation has awarded 41 individual grants totaling $3,611,725. 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
BREAKING THE CYCLE OF POVERTY, HOMELESSNESS, AND HUNGER IN COMMUNITIES ACROSS AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN OCTOBER 2011, THE FOUNDATION OPENED ITS FIRST JBJ SOUL KITCHEN IN RED BANK, NEW JERSEY, TO ADDRESS LOCAL ISSUES OF FOOD INSECURITY. A SECOND JBJ SOUL KITCHEN OPENED IN MAY 2016 IN TOMS RIVER, NEW JERSEY, AS PART OF THE B.E.A.T. CENTER, A UNIQUE, COLLABORATIVE EFFORT WITH OTHER NONPROFITS. A THIRD LOCATION OPENED IN JANUARY 2020 ON THE CAMPUS OF RUTGERS UNIVERSITY - NEWARK, NEW JERSEY TO ADDRESS THE ISSUE OF HUNGER ON COLLEGE CAMPUSES. IN FEBRUARY 2023 A FOURTH LOCATION OPENED ON THE COLLEGE CAMPUS OF NORTH JERSEY CITY UNIVERSITY - JERSEY CITY, NEW JERSEY TO ADDRESS STUDENT FOOD INSECURITY. THE COMMUNITY KITCHENS HAVE SERVED OVER 187,340 NUTRITIOUS, DELICIOUS MEALS SINCE THEIR INCEPTION AND HAVE SERVED 57% OF THEIR MEALS TO THOSE UNABLE TO PAY. PAYING DINERS CAN AFFECT CHANGE BY PAYING MORE THAN THE SUGGESTED MINIMUM DONATION BY "PAYING IT FORWARD". FOR THOSE WHO ARE UNABLE TO MAKE A DONATION FOR THEIR MEAL, THEY ARE INVITED TO COME IN, ENJOY A MEAL AND LEARN HOW THEY CAN BE PART OF THE JBJ SOUL KITCHEN COMMUNITY BY VOLUNTEERING.
PROGRAM GRANTS AND EXPENSES FOR AFFORDABLE HOUSING AND ADDRESSING FOOD INSECURITY ASSOCIATED WITH THE ORGANIZATION'S MISSION OF WORKING TO SUPPORT THOSE EXPERIENCING HOMELESSNESS. THIS YEAR A FOCUS WAS DIRECTED TOWARD PROVIDING FUNDING FOR THE CREATION OF AFFORDABLE HOUSING FOR VETERANS AND SAFE SHELTER FOR THOSE SUFFERING FROM ADDICTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Bon Jovi Board Chair | OfficerTrustee | 5 | $0 |
Craig Spencer Board Vice-Chair | OfficerTrustee | 5 | $0 |
Leo Carlin Jr Board President | OfficerTrustee | 5 | $0 |
Mimi Box Board Vice-President | OfficerTrustee | 5 | $0 |
Steve Perna Board Vice-President | OfficerTrustee | 5 | $0 |
Paul Korzilius Board Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $81,192 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,153,404 |
| Noncash contributions included in lines 1a–1f | $263,732 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,234,596 |
| Total Program Service Revenue | $424,459 |
| Investment income | $67,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,351 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,704,681 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,250 |
| 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. | $100,962 |
| Compensation of current officers, directors, key employees. | $16,760 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $681,814 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,089 |
| Payroll taxes | $123,966 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $708 |
| Fees for services: Accounting | $14,589 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,085 |
| Fees for services: Other | $3,765 |
| Advertising and promotion | $6,913 |
| Office expenses | $104,542 |
| Information technology | $16,532 |
| Royalties | $0 |
| Occupancy | $93,155 |
| Travel | $13,593 |
| 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 | $13,312 |
| Insurance | $27,841 |
| All other expenses | $379 |
| Total functional expenses | $1,728,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,884 |
| Savings and temporary cash investments | $526,647 |
| Pledges and grants receivable | $68,633 |
| 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 | $10,278 |
| Net Land, buildings, and equipment | $5,521 |
| Investments—publicly traded securities | $2,267,167 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,137 |
| Other assets | $21,452 |
| Total assets | $2,944,719 |
| Accounts payable and accrued expenses | $92,430 |
| 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 | $17,657 |
| Total liabilities | $110,087 |
| Net assets without donor restrictions | $2,717,793 |
| Net assets with donor restrictions | $116,839 |
| 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 | $2,944,719 |
Grants Awarded
Over the last fiscal year, Jon Bon Jovi Soul Foundation has awarded $80,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PILGRIM BAPTIST CHURCH PURPOSE: GRANT TO REPLENISH FUNDS AT JBJ & PBC HOPE & COMFORT CENTER FOR CODE RED SUMMER 2023 AND BLUE WINTER 2023/2024 | $15,000 |
FIRST BAPTIST CHURCH OF RED BANK PURPOSE: GRANT FOR THE HEARTWARMING CENTER - CODE BLUE SHELTER FOR WOMEN ONLY IN MONMOUTH COUNTY FOR WINTER 2023/2024 | $15,000 |
SOLDIER ON PURPOSE: MATCH GRANT TO HELP BUILD GORDON H. MANSFIELD VETERANS HOUSING IN TEWKSBURY, MA - 21 UNITS FOR FORMERLY HOMELESS VETERANS | $50,000 |