Salaam Shriners
- Assets
- $8.2m
- Revenue
- $251.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Whippany, NJ
- Founding
- 11/1940
- Data as of
- 12/2022
- EIN
- 22-1253755
Organization Overview
Salaam Shriners is located in Whippany, NJ. The organization was established in 1940. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Salaam Shriners employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Salaam Shriners is a 501(c)(10) and as such, is described as a "Domestic Fraternal Society and/or Association" by the IRS.
For the year ending 12/2022, Salaam Shriners generated $251.5k 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 (34.8%) each year. All expenses for the organization totaled $370.0k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FRATERNITY WITH A PHILANTHROPIC MISSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILANTHROPIC FRATERNITY BASED ON FUN, FELLOWSHIP, AND THE MASONIC PRINCIPLES OF BROTHERLY LOVE, RELIEF AND TRUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John S Cataldo Recorder | Officer | $34,295 | |
Robert H Welch Potentate | Officer | $0 | |
Joshua Katzenstein Chief Rabban | Officer | $0 | |
Paul Ferreira Oriental Gui | Officer | $0 | |
Frank Williams Treasurer | Officer | 10 | $7,200 |
Thomas Murphy Asst Rabban | Officer | $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 | $16,573 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,573 |
| Total Program Service Revenue | $52,855 |
| Investment income | $152,964 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,577 |
| Net Gain/Loss on Asset Sales | $2,297 |
| Net Income from Fundraising Events | $1,551 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$12,567 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $251,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $43,766 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,026 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,031 |
| Fees for services: Accounting | $15,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $21,534 |
| Information technology | $14,968 |
| Royalties | $0 |
| Occupancy | $34,083 |
| Travel | $4,709 |
| 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 | $16,238 |
| Depreciation, depletion, and amortization | $44,235 |
| Insurance | $20,458 |
| All other expenses | $43,459 |
| Total functional expenses | $370,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,582 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,304 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,486 |
| Prepaid expenses and deferred charges | $7,491 |
| Net Land, buildings, and equipment | $2,848,473 |
| Investments—publicly traded securities | $5,245,752 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,488 |
| Total assets | $8,207,576 |
| Accounts payable and accrued expenses | $31,666 |
| Grants payable | $0 |
| Deferred revenue | $53,812 |
| 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 | $9,000 |
| Total liabilities | $94,478 |
| Net assets without donor restrictions | $7,311,557 |
| Net assets with donor restrictions | $801,541 |
| 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 | $8,207,576 |