Junior League Of Summit Inc
- Assets
- $1.2m
- Revenue
- $365.8k
- Investments
- $91.6k
- Employees
- 13
- Location
- Summit, NJ
- Founding
- 06/1964
- Data as of
- 06/2022
- EIN
- 22-1508586
Organization Overview
Junior League Of Summit Inc is located in Summit, NJ. The organization was established in 1964. According to its NTEE Classification (S81) the organization is classified as: Womens Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Junior League Of Summit Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Junior League Of Summit Inc 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 06/2022, Junior League Of Summit Inc generated $365.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $313.9k during the year ending 06/2022. While expenses have increased by 1.5% per year over the past 7 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, Junior League Of Summit Inc has awarded 16 individual grants totaling $102,500. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE VOLUNTARISM, DEVELOP THE POTENTIAL OF WOMEN, AND IMPROVE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A THRIFT SHOP, THE INCOME FROM WHICH IS USED TO FUND VOLUNTEER TRAINING AND THE LEAGUES COMMUNITY GRANTS AND PROGRAMS. THE SHOP ALSO PROVIDES A SERVICE TO LOW INCOME COMMUNITY MEMBERS BY MAKING CLOTHING, HOUSEHOLD ITEMS AND OTHER GENTLY USED GOODS AVAILABLE TO THEM AT AFFORDABLE PRICES.
GRANTS AND SCHOLARSHIPS TO LOCAL COMMUNITY RECIPIENTS AND COMMUNITY SERVICE PROJECTS.
THE JUNIOR LEAGUE OF SUMMIT PROVIDES LEADERSHIP TRAINING TO ITS MEMBERS THROUGH PRESENTATIONS AT GENERAL MEMBERSHIP MEETINGS, FUNDING ATTENDANCE AT AJLI CONFERENCES, TRAININGS ORGANIZED BY THE JUNIOR LEAGUES OF NEW JERSEY, TRAININGS TO MEET SPECIFIC IDENTIFIED NEEDS AND EXPERIENTIAL LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tara Charvat President | OfficerTrustee | 4 | $0 |
Christina Sullivan Treasurer | OfficerTrustee | 4 | $0 |
April Montgomery Secretary | OfficerTrustee | 4 | $0 |
Sam Ekert Sustainer Director | Trustee | 4 | $0 |
Dana Felmet Nominating Director | Trustee | 4 | $0 |
Lillian Chern Executive VP | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,035 |
| Total Program Service Revenue | $0 |
| Investment income | $2,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,010 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $285,903 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $365,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,500 |
| Grants and other assistance to domestic individuals. | $23,500 |
| 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 | $109,556 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,164 |
| Payroll taxes | $8,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,922 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,396 |
| Advertising and promotion | $0 |
| Office expenses | $20,163 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,824 |
| Travel | $0 |
| 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 | $17,954 |
| Insurance | $14,017 |
| All other expenses | $13,926 |
| Total functional expenses | $313,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,462 |
| Savings and temporary cash investments | $328,826 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,183 |
| 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 | $17,590 |
| Net Land, buildings, and equipment | $555,992 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $91,611 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,193,664 |
| Accounts payable and accrued expenses | $39,103 |
| Grants payable | $0 |
| Deferred revenue | $42,535 |
| 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 | $0 |
| Total liabilities | $81,638 |
| Net assets without donor restrictions | $1,079,369 |
| Net assets with donor restrictions | $32,657 |
| 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 | $1,193,664 |
Grants Awarded
Over the last fiscal year, Junior League Of Summit Inc has awarded $30,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE PURPOSE: GENERAL OPERATIONS | $5,000 |
GIRLS ON THE RUN NEW JERSEY EAST PURPOSE: GENERAL OPERATIONS | $5,000 |
COMMUNITY FOOD BANK OF NEW JERSEY PURPOSE: GENERAL OPERATIONS | $5,000 |
WCEC WOMENS BUSINESS CENTER PURPOSE: GENERAL OPERATIONS | $5,000 |
FAMILY PROMISE PURPOSE: TEMPORARY SHELTER PROGRAM | $5,000 |
COURT APPOINTED SPECIAL ADVOCATES PURPOSE: GENERAL OPERATIONS | $5,000 |