Stand Up For Salem Inc
- Assets
- $17.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Salem, NJ
- Founding
- 09/1989
- Data as of
- 12/2020
- 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 12/2020, Stand Up For Salem Inc employed 9 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 12/2020, Stand Up For Salem Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $2.6m during the year ending 12/2020. While expenses have increased by 0.7% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CONTRIBUTIONS ARE MADE TO THE COMMUNITY'S VITALITY, STIMULATION OF ECONOMIC OPPORTUNITY AND PRESERVATION OF THE ARCHITECTURAL HERTIAGE 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 Dir. | Officer | 40 | $73,278 |
Keith Campbell President Emer. | Trustee | 2 | $0 |
Jim Waddington Vice President | Trustee | 2 | $0 |
Debbie Gralley Member | Trustee | 2 | $0 |
Daryl Casper Member | Trustee | 2 | $0 |
Mark Kelty Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $580,784 |
| All other contributions, gifts, grants, and similar amounts not included above | $266,639 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $847,423 |
| Total Program Service Revenue | $1,735,630 |
| Investment income | $3,327 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,855 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,599,235 |
| 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. | $73,278 |
| Compensation of current officers, directors, key employees. | $73,278 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,428 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,042 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,972 |
| Advertising and promotion | $2,942 |
| Office expenses | $10,503 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $572,423 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $960,168 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $30,183 |
| All other expenses | $45,000 |
| Total functional expenses | $2,554,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,388,153 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $60,815 |
| 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 | $15,677,432 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,265,014 |
| Accounts payable and accrued expenses | $0 |
| 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 | $20,877,685 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $503,722 |
| Total liabilities | $21,381,407 |
| Net assets without donor restrictions | -$4,197,557 |
| Net assets with donor restrictions | $81,164 |
| 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 | $17,265,014 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Stand Up For Salem Inc has recieved totaling $11,450.
| Awarding Organization | Amount |
|---|---|
Southern New Jersey Perinatal Cooperative Pennsauken, NJ PURPOSE: HEALTHY WOMEN/FAMILY | $8,450 |
Salem Health And Wellness Foundation Inc Penns Grove, NJ PURPOSE: FUNDING FOR THIS PROGRAM SUPPORTS A 10K RUN | $2,500 |
Society For Organizing Charity In The City Salem New Jersey Salem, NJ PURPOSE: FINANCIAL SUPPORT OF CHARITABLE OPERATIONS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harristown Development Corporation Harrisburg, PA | $29,766,695 | $19,028,512 |
Greater Jamaica Development Corp Jamaica, NY | $43,416,674 | $8,397,998 |
South Bronx Overall Economic Development Corporation Bronx, NY | $11,273,834 | $9,485,057 |
National Basketball Association Foundation New York, NY | $26,984,536 | $31,000,000 |
Newark Downtown District Management Corporation Newark, NJ | $7,203,712 | $5,205,083 |
Rdc Commercial Center Inc Brooklyn, NY | $15,313,985 | $4,091,889 |
Pittsburgh Downtown Partnership Pittsburgh, PA | $5,197,454 | $6,457,703 |
Grow America Fund Inc Brooklyn, NY | $143,748,091 | $12,181,976 |
Upper Manhattan Empowerment Zone Development Corporation New York, NY | $90,632,786 | $3,433,188 |
Enterprise Center Philadelphia, PA | $14,775,584 | $14,297,548 |
Pidc Community Capital Philadelphia, PA | $51,592,924 | $9,506,766 |
Hester Street Collaborative Inc New York, NY | $3,142,438 | $5,168,829 |