Stand Up For Salem Inc
- Assets
- $17.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Salem, NJ
- Founding
- 09/1989
- Data as of
- 12/2022
- EIN
- 22-2908783
Organization Overview
Stand Up For Salem Inc is located in Salem, NJ. The organization was established in 1989. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Stand Up For Salem Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stand Up For Salem 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, Stand Up For Salem Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 0.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONTRIBUTIONS ARE MADE TO THE COMMUNITY'S VITALITY, STIMULATION OF ECONOMIC PRESERVATION OF THE ARCHITECTURAL HERITAGE OF DOWNTOWN SALEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTIONS AND EVENTS TO HELP BRING ADDITIONAL VENDORS TO THE HISTORICAL DOWNTOWN OF SALEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James C Davenport Executive Director | Officer | 40 | $76,119 |
Keith Campbell President Emer. | OfficerTrustee | 2 | $0 |
Jim Waddington Vice President | OfficerTrustee | 2 | $0 |
Zack Zehner President | OfficerTrustee | 5 | $0 |
Mark Kelly Treasurer | OfficerTrustee | 2 | $0 |
Rebecca Ferguson Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $819,285 |
| All other contributions, gifts, grants, and similar amounts not included above | $170,333 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $989,618 |
| Total Program Service Revenue | $1,471,975 |
| Investment income | $14,698 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $61,242 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,537,533 |
| 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. | $76,199 |
| Compensation of current officers, directors, key employees. | $76,199 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,901 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,914 |
| Payroll taxes | $37,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,080 |
| Advertising and promotion | $2,400 |
| Office expenses | $8,060 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $512,743 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $976,747 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $607,872 |
| Insurance | $29,045 |
| All other expenses | $4,963 |
| Total functional expenses | $2,546,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,656,484 |
| 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 | $138,614 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $15,554,435 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,349,533 |
| Accounts payable and accrued expenses | $1,259,728 |
| 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 | $21,045,350 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,305,078 |
| Net assets without donor restrictions | -$4,955,545 |
| 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 | $17,349,533 |