Fortnightly Club Of Summit New Jersey
- Assets
- $483.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Summit, NJ
- Founding
- 08/1996
- Data as of
- 05/2023
- EIN
- 22-1483009
Organization Overview
Fortnightly Club Of Summit New Jersey is located in Summit, NJ. The organization was established in 1996. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Fortnightly Club Of Summit 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 05/2023, Fortnightly Club Of Summit New Jersey generated $115.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $116.9k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
VARIOUS EDUCATIONAL ACTIVITIES AND PROGRAMS WERE HELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Andrews President | 10 | $0 | |
Eileen Rath Treasurer | 10 | $0 | |
Lorraine Bowyer 1st Vice Pres | 5 | $0 | |
Lori Dahl Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,303 |
| Total Program Service Revenue | $43,340 |
| Membership dues | $0 |
| Investment income | $42,545 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,737 |
| Other Revenue | $0 |
| Total Revenue | $115,925 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,950 |
| Occupancy, rent, utilities, and maintenance | $53,582 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $49,236 |
| Total expenses | $116,921 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $418,985 |
| Other assets | $0 |
| Total assets | $483,052 |
| Total liabilities | $81,383 |
| Net assets or fund balances | $401,669 |