Bayonne Economic Opportunity Foundation

Organization Overview

Bayonne Economic Opportunity Foundation is located in Bayonne, NJ. The organization was established in 1966. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 01/2022, Bayonne Economic Opportunity Foundation employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bayonne Economic Opportunity Foundation 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 01/2022, Bayonne Economic Opportunity Foundation generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $4.1m during the year ending 01/2022. While expenses have increased by 1.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SERVICES TO LOW-INCOME CITIZENS, SENIOR CITIZENS AND HANDICAPPED RESIDENTS OF BAYONNE, NJ THROUGH VARIOUS PROGRAMS SUCH AS HEADSTART, NUTRITION, MEALS ON WHEELS, WEATHERIZATION, TRANSPORATION AND COMMUNITY OUTREACH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO EMPOWER FAMILIES AND NURTURE AND EDUCATE YOUNG CHILDREN BETWEEN THE AGES OF 3 AND 5. THE PROGRAM IS A COMPREHENSIVE MEDICAL, DENTAL, PSYCHOLOGICAL, NUTRITIONAL AS WELL AS EDUCATIONAL PROGRAM. BEOF HEAD START PARTNERS WITH COMMUNITIES OF UNDERPRIVILEGED CHILDREN IN BAYONNE, NJ. TO ADDRESS THE NEEDS OF SPECIAL NEEDS CHILDREN, THE BEOF OFFERS AN ON-SITE INCLUSION PROGRAM IN COOPERATION WITH THE BAYONNE BOARD OF EDUCATION. DURING THE 2020-21 SCHOOL YEAR THERE WERE 156 CHILDREN ENROLLED IN THE HEAD START PROGRAM, INCLUDING 13 CHILDREN WITH DISABILITIES. DURING THE YEAR THE PROGRAM RECEIVED $259,010 IN IN-KIND SUPPORT, INCLUDING RENT FROM BAYONNE CITY AND VARIOUS CONTRIBUTED EDUCATIONAL AND PROFESSIONAL SERVICES.


TO PROVIDE ASSISTANCE TO LOW-INCOME INDIVIDUALS AND FAMILIES IN NEED. SOME OF THE OTHER SERVICES OFFERED TO ELIGIBLE RESIDENTS OF BAYONNE CITY INCLUDE: ENERGY ASSISTANCE, NUTRITIOUS MEALS SERVED AT TWO NUTRITION SITES, MEALS-ON-WHEELS, TRANSPORTATION FOR ELDERLY AND/OR HANDICAPPED RESIDENTS, HOMELESS PREVENTION, FAIR HOUSING, AND COMMUNITY OUTREACH.


ADMINISTER AND FACILITATE THE CITY OF BAYONNE'S COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM.PROVIDING A ZERO INTEREST DEFERRED LOAN FOR LOW TO MODERATE INCOME HOME OWNERS TO MAKE CODE, HEALTH AND SAFETY REPAIRS TO OWNER OCCUPIED HOUSES.THE MAJORITY OF THE HOMES IN BAYONNE ARE MORE THAN 50 YEARS OLD, THIS BENEFICIAL SERVICE IS AN INVESTMENT HOME AND THE CITY SAFER AS WELL AS SUCCESSFULLY PROVIDING A BETTER QUALITY OF LIFE.


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Board, Officers & Key Employees

Name (title)Compensation
Samantha Howard
Executive Director
$170,889
Anthony Segarra
Chief Financial Officer
$129,870
Anthony Timpanaro
Chairman
$0
Diane Liming
Vice Chairman
$0
Denise Dorans
Treasurer
$0
Nalleli Willmore
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,729,614
All other contributions, gifts, grants, and similar amounts not included above$236,674
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,966,288
Total Program Service Revenue$412,343
Investment income $1,411
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $10,385
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,390,427

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Bayonne Economic Opportunity Foundation has recieved totaling $1,183,760.

Awarding OrganizationAmount
Table To Table Inc

Hasbrouck Heights, NJ

PURPOSE: FOOD PROVIDED TO LOCAL NOT FOR PROFIT ORGANIZATIONS TO DISTRIBUTE TO THE HUNGRY IN BERGEN, HUDSON, ESSEX AND PASSAIC COUNTIES

$1,054,522
Fidelity Foundation

Boston, MA

PURPOSE: CONSTRUCTION

$100,000
Community Foundation Of New Jersey

Morristown, NJ

PURPOSE: GENERAL SUPPORT

$29,200
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$38
View Grant Recipient Profile

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