Society For Organizing Charity In The City Salem New Jersey
- Assets
- $541.0k
- Revenue
- $25.9k
- Investments
- $456.3k
- Employees
- 0
- Location
- Salem, NJ
- Founding
- 09/1994
- Data as of
- 12/2021
- 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 12/2021, Society For Organizing Charity In The City Salem New Jersey generated $25.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $35.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
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 Trustee | 1 | $0 | |
Patricia Hiles Treasurer | 2 | $0 | |
Beth Davenport Trustee | 1 | $0 | |
Elizabeth Davis Secretary | 1 | $0 | |
Lynn Stoner Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,591 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76 |
| Capital Gain Net Income | $76 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9 |
| Total Revenue | $25,876 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $320 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $309 |
| Total operating and administrative expenses | $4,724 |
| Contributions, gifts, grants paid | $30,441 |
| Total expenses and disbursements | $35,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $84,591 |
| 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 | $135 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $246,760 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $540,985 |
| 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 $30,441 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
INDIGENTS OF SALEM PURPOSE: TO SUPPORT THE INDIGENTS OF SALEM CITY WHO HAVE COME UPON TOUGH TIMES.SEE SCHEDULE ATTACHED. | $19,941 |
SALEM CITY FIRE DEPARTMENT PURPOSE: FINANCIAL SUPPORT OF CHARITABLE OPERATIONS. | $2,000 |
SALEM MAGIC OF CHRISTMAS PARADE PURPOSE: FINANCIAL SUPPORT OF CHARITABLE OPERATIONS | $1,500 |
SALEM CITY FIRE DEPTCANTEEN PURPOSE: FINANCIAL SUPPORT OF CHARITABLE OPERATIONS. | $1,500 |
Elmer, NJ PURPOSE: FINANCIAL SUPPORT OF CHARITABLE OPERATIONS. | $1,500 |
SALEM LITTLE LEAGUE ASSOCIATION PURPOSE: FINANCIAL SUPPORT OF CHARITABLE OPERATIONS | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philanthropy New York Inc New York, NY | $10,485,290 | $4,060,793 |
Grantmakers In The Arts Bronx, NY | $3,825,984 | $2,308,802 |
Western New York Grantmakers Association Inc Syracuse, NY | $1,728,088 | $1,086,609 |
Foundation Financial Officers Group Inc Mt Royal, NJ | $1,027,476 | $966,195 |
University Associates Philanthropic Foundation Inc New York, NY | $31,741 | $11,696 |
New York Medical College Voluntary Employees Beneficiary Association Pittsburgh, PA | $4,020,995 | $563,233 |
Long Island Networking Elite Inc Huntington, NY | $42,869 | $337,964 |
Association Of Fundraising Professionals New York, NY | $462,920 | $209,001 |
Saranac Lake Voluntary Health Association Inc Saranac Lake, NY | $2,884,234 | $339,547 |
New York State Council Knights Of Columbus Charities Inc Middle Village, NY | $492,867 | $257,515 |
William Nelson Cromwell Foundation New York, NY | $2,821,011 | $363,685 |
Rochester Female Charitable Society Rochester, NY | $2,376,254 | $193,508 |