Society For Organizing Charity In The City Salem New Jersey
- Assets
- $556.1k
- Revenue
- $12.7k
- Investments
- $530.5k
- Employees
- 0
- Location
- Salem, NJ
- Founding
- 09/1994
- Data as of
- 12/2022
- EIN
- 21-6015103
Organization Overview
Society For Organizing Charity In The City Salem New Jersey is located in Salem, NJ. The organization was established in 1994. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, 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. Society For Organizing Charity In The City Salem New Jersey 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, Society For Organizing Charity In The City Salem New Jersey generated $12.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $47.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Society For Organizing Charity In The City Salem New Jersey has awarded 31 individual grants totaling $101,658. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S MISSION OS TO OFFER FINANCIAL ASSISTANCE TO INDIGENT FAMILIES AND INDIVIDUALS IN COMMON CIRCUMSTANCES AS WELL AS EMERGENCIES, SUCH AS LOSS OF JOBS, LOSSES FOLLOWING A HOUSE FIRE, ETC.ASSISTANCE IS OFFERED IN THE FORM OF FOOD, CLOTHING, PAYMENT OF UTILITY BILLS, PRESCRIPTIONS AND MEDICAL BILLS, EYEGLASSES, ETC.SPECIAL ASSISTANCE IS PLACED ON HOLIDAY GIVING - CHRISTMAS TOYS TO CHILDREN, THANKSGIVING AND CHRISTMAS FOOD BASKETS TO THOSE IN NEED.ASSISTANCE IS ALSO GIVEN TO OTHER CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pearl Parris President | 2 | $0 | |
Elizabeth Leidolf Vice President | 1 | $0 | |
Elizabeth Davis Secretary | 1 | $0 | |
Karen Ayars Trustee | 1 | $0 | |
Beth Davenport Trustee | 1 | $0 | |
Patricia Hiles Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,921 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,760 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6 |
| Total Revenue | $12,667 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $350 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $349 |
| Total operating and administrative expenses | $4,939 |
| Contributions, gifts, grants paid | $42,807 |
| Total expenses and disbursements | $47,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,490 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $78 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $260,424 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $556,072 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $30 |
| Total liabilities | $30 |
Grants Awarded
Over the last fiscal year, Society For Organizing Charity In The City Salem New Jersey has awarded $42,807 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
SALEM CITY FIRE DEPARTMENT PURPOSE: FINANCIAL SUPPORT OF CHARITABLE OPERATIONS. | $3,500 |
SALVATION ARMY PURPOSE: FINANCIAL SUPPORT OF CHARITABLE OPERATIONS | $500 |
INDIGENTS OF SALEM PURPOSE: TO SUPPORT THE INDIGENTS OF SALEM CITY WHO HAVE COME UPON TOUGH TIMES.SEE SCHEDULE ATTACHED. | $25,007 |
BROADWAY UNITED METHODIST CHURCH PURPOSE: FINANCIAL SUPPORT OF CHARITABLE OPERATIONS | $250 |
SALEM CITY FREE PUBLIC LIBRARY PURPOSE: FINANCIAL SUPPORT OF CHARITABLE OPERATIONS. | $500 |
SALEM LITTLE LEAGUE ASSOCIATION PURPOSE: FINANCIAL SUPPORT OF CHARITABLE OPERATIONS | $5,000 |