Safe & Sound Somerset Inc
- Assets
- $2.2m
- Revenue
- $3.7m
- Investments
- $1.1m
- Employees
- 61
- Location
- Somerville, NJ
- Founding
- 06/1982
- Data as of
- 12/2022
- EIN
- 22-2205833
Organization Overview
Safe & Sound Somerset Inc is located in Somerville, NJ. The organization was established in 1982. According to its NTEE Classification (P43) the organization is classified as: Family Violence Shelters, under the broad grouping of Human Services and related organizations. As of 12/2022, Safe & Sound Somerset Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Safe & Sound Somerset 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 12/2022, Safe & Sound Somerset Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $3.2m during the year ending 12/2022. While expenses have increased by 9.4% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SAFE & SOUND SOMERSET PREVENTS AND RESPONDS TO DOMESTIC AND SEXUAL VIOLENCE WITH PROGRAMS THAT PROVIDE SAFETY, SUPPORT AND EDUCATION FOR INDIVIDUALS, FAMILIES AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Boronkas CEO | Trustee | 40 | $139,035 |
Michelle Bauman Board Chair | OfficerTrustee | 4 | $0 |
James Berg Treasurer | OfficerTrustee | 4 | $0 |
Susan Sturges Spagnola ESQ Secretary | OfficerTrustee | 4 | $0 |
Susan Hutton Vice President | OfficerTrustee | 4 | $0 |
Deborah Preston PHD Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $121,937 |
| Related organizations | $0 |
| Government grants | $2,646,284 |
| All other contributions, gifts, grants, and similar amounts not included above | $326,286 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,094,507 |
| Total Program Service Revenue | $0 |
| Investment income | $6,916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $566,637 |
| Net Income from Fundraising Events | -$15,880 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,652,180 |
| 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. | $139,035 |
| Compensation of current officers, directors, key employees. | $11,629 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,731,678 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $192,950 |
| Payroll taxes | $167,958 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $112,924 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $220,304 |
| Advertising and promotion | $14,484 |
| Office expenses | $63,562 |
| Information technology | $33,972 |
| Royalties | $0 |
| Occupancy | $108,129 |
| Travel | $27,425 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $74 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,219 |
| Insurance | $16,424 |
| All other expenses | $8,499 |
| Total functional expenses | $3,236,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318,666 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $360,442 |
| Accounts receivable, net | $0 |
| 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 | $17,811 |
| Net Land, buildings, and equipment | $137,588 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,109,856 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $292,597 |
| Total assets | $2,236,960 |
| Accounts payable and accrued expenses | $105,268 |
| Grants payable | $0 |
| Deferred revenue | $15,234 |
| 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 | $295,073 |
| Total liabilities | $415,575 |
| Net assets without donor restrictions | $1,821,385 |
| 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 | $2,236,960 |