Our Lady Of Mt Carmel Society
- Assets
- $452.2k
- Revenue
- $298.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Hammonton, NJ
- Founding
- 11/1990
- Data as of
- 12/2021
- EIN
- 22-2297607
Organization Overview
Our Lady Of Mt Carmel Society is located in Hammonton, NJ. The organization was established in 1990. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Our Lady Of Mt Carmel Society is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Our Lady Of Mt Carmel Society generated $298.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $153.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR LADY OF MT. CARMEL WAS FOUNDED IN 1875 AND WAS ESTABLISHED FOR THE PUBLIC DEMONSTRATION OF DEVOTION TO OUR LADY OF MT. CARMEL WITH A CELEBRATION IN HER HONOR DURING THE WEEK OF JULY 16TH WHICH INCLUDES A CARNIVAL & FOOD STAND, WITH NET PROFITS TO BE DONATED TO LOCAL CHARITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR LADY OF MT. CARMEL SOCIETY WAS FOUNDED IN 1875 AND WAS ESTABLISHED FOR THE PUBLIC DEMONSTRATION OF DEVOTION TO OUR LADY OF MT. CARMEL THROUGH PERPETUALIZING AN ANNUAL PROCESSION AND CELEBRATION IN HER HONOR DURING THE WEEK OF THE 16TH OF JULY; TO PROMOTE RELIGIOUS THEMES OF THE SOCIETY AND PROMOTE, FOSTER, AND CONTRIBUTE TOWARD BROTHERHOOD, FELLOWSHIP AND HARMONY WITH FELLOW MEMBERS AS WELL AS THE ENTIRE COMMUNITY; TO DEVELOP PRODUCTIVE AND EFFECTIVE SOCIETY GOALS, EFFORTS, AND FUNDRAISING PROGRAMS TO MAINTAIN THE TRADITION UPON WHICH THE SOCIETY WAS FOUNDED. THE NET PROCEEDS FROM FUNDRAISING WILL BE DONTAED TO THE LOCAL CHURCHES, SCHOOL, COMMUNITY CIVIC ORGANIZATIONS, ATHLETIC LEAGUES, AND OTHER CHARITABLE ORGANIZATIONS, AND INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Pantalone Secretary | Officer | 12 | $0 |
Kevin Tomasello Censor | Officer | 12 | $0 |
Anthony Jacobs Assistant Secretary | Officer | 12 | $0 |
Louis J Pantalone President | Officer | 15 | $0 |
Frank Italiano Vice-President | Officer | 12 | $0 |
David Destefano Treasurer | Officer | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $117,149 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,723 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,872 |
| Total Program Service Revenue | $0 |
| Investment income | $12 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $747 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $14,108 |
| Net Income from Sales of Inventory | $135,781 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $298,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,852 |
| Grants and other assistance to domestic individuals. | $1,220 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,089 |
| Office expenses | $6,285 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,463 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,340 |
| Interest | $4,433 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,809 |
| Insurance | $6,855 |
| All other expenses | $0 |
| Total functional expenses | $153,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,148 |
| Savings and temporary cash investments | $136,768 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $249,325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $452,241 |
| Accounts payable and accrued expenses | $1,400 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $49,334 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $50,734 |
| Net assets without donor restrictions | $401,507 |
| 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 | $452,241 |
Grants Awarded
Over the last fiscal year, Our Lady Of Mt Carmel Society has awarded $37,919 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MISC CHARITIES | | | $12,684 |
ST MARY OF MT CARMEL CHURCH | | | $25,235 |