Damon Foundation
- Assets
- $346.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Brunswick, NJ
- Founding
- 01/1997
- Data as of
- 06/2022
- EIN
- 22-2398401
Organization Overview
Damon Foundation is located in New Brunswick, NJ. The organization was established in 1997. According to its NTEE Classification (F20) the organization is classified as: Substance Abuse Dependency, Prevention & Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Damon 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 06/2022, Damon Foundation generated $36.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $4.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (38.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ORGANIZATION SUPPORTS DRUG FREE REHABILITATION PROGRAM BY PROVIDING NEEDED SPACE REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ileen Bradley Former Vice Chairperson | 0 | $0 | |
Phillip Borow Chairperson | 0 | $0 | |
Joseph Bodnar Secretary/treasurer | 0 | $0 | |
Jacqueline Weist Vice Chairperson | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $36,575 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $36,575 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,284 |
| Total expenses | $4,284 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $346,897 |
| Other assets | $0 |
| Total assets | $346,897 |
| Total liabilities | $53,200 |
| Net assets or fund balances | $293,697 |