New Jersey State Policemens Benevolent Association
- Assets
- $41.5m
- Revenue
- $10.7m
- Investments
- $329.0k
- Employees
- 19
- Location
- Woodbridge, NJ
- Founding
- 10/2014
- Data as of
- 12/2022
- EIN
- 22-1553972
Organization Overview
New Jersey State Policemens Benevolent Association is located in Woodbridge, NJ. The organization was established in 2014. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, New Jersey State Policemens Benevolent Association employed 19 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. New Jersey State Policemens Benevolent Association is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2022, New Jersey State Policemens Benevolent Association generated $10.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $9.0m during the year ending 12/2022. While expenses have increased by 1.9% per year over the past 8 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 2017, New Jersey State Policemens Benevolent Association has awarded 21 individual grants totaling $342,400. 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
THE ORGANIZATION WAS ESTABLISHED TO PROMOTE, ADVANCE AND IMPROVE, FINANCIALLY AND OTHERWISE, THE WELFARE, WORKING CONDITIONS, AND OTHER INTERESTS OF THE POLICE AND LAW ENFORCEMENT OFFICERS THROUGH OUT THE STATE OF NEW JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS ESTABLISHED TO PROMOTE, ADVANCE AND IMPROVE, FINANCIALLY AND OTHERWISE, THE WELFARE, WORKING CONDITIONS, AND OTHER INTERESTS OF POLICE AND LAW ENFORCEMENT OFFICERS THROUGHOUT THE STATE OF NEW JERSEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Colligan President | OfficerTrustee | 40 | $111,385 |
Marc Kovar Executive Vp-Resigned 09/22 | OfficerTrustee | 40 | $65,050 |
Peter Andreyev Executive VP | OfficerTrustee | 40 | $62,342 |
Eugene Dello 1st Vice President | OfficerTrustee | 5 | $2,327 |
Luke Sciallo 2nd Vice President | OfficerTrustee | 5 | $7,385 |
Ed Carattini 3rd Vice President | OfficerTrustee | 5 | $3,317 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sciarra & Catrambone Law Offices Legal | 12/30/22 | $445,336 |
Alterman & Associates Law Offices Legal | 12/30/22 | $390,321 |
Dvorak & Associates Llc Legal | 12/30/22 | $291,803 |
Gina Mendola Longarzo Llc Law Officers Legal | 12/30/22 | $235,331 |
Crivelli & Barbati Llc Legal | 12/30/22 | $218,526 |
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 | $205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205 |
| Total Program Service Revenue | $9,251,592 |
| Investment income | $812,626 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $70,669 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,444 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $507,178 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,669,829 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $130,944 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,505,231 |
| Compensation of current officers, directors, key employees. | $386,958 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $933,241 |
| Pension plan accruals and contributions | $22,545 |
| Other employee benefits | $131,027 |
| Payroll taxes | $101,349 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,643 |
| Fees for services: Accounting | $36,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175,167 |
| Fees for services: Other | $238,633 |
| Advertising and promotion | $0 |
| Office expenses | $222,863 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $124,471 |
| Travel | $62,848 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,622,916 |
| Interest | $324 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $165,556 |
| Insurance | $54,468 |
| All other expenses | $86,764 |
| Total functional expenses | $8,978,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,593 |
| Savings and temporary cash investments | $3,121,853 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $473,078 |
| 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 | $64,671 |
| Net Land, buildings, and equipment | $2,826,724 |
| Investments—publicly traded securities | $34,588,122 |
| Investments—other securities | $329,007 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $130,057 |
| Total assets | $41,535,105 |
| Accounts payable and accrued expenses | $15,640,570 |
| Grants payable | $0 |
| Deferred revenue | $2,909,864 |
| 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 | $40,732 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,591,166 |
| Net assets without donor restrictions | $22,943,939 |
| Net assets with donor restrictions | $0 |
| 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 | $41,535,105 |
Grants Awarded
Over the last fiscal year, New Jersey State Policemens Benevolent Association has awarded $41,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LEUKEMIA AND LYMPHOMA SOCIETY PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
NJ STATE TROOPERS NCO ASSOC FOUNDATION INC PURPOSE: CHARITABLE CONTRIBUTION | $6,000 |
SPECIAL OLYMPICS NEW JERSEY INC PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |