The Areo Fund Inc
- Assets
- $119.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Jersey City, NJ
- Founding
- 01/2001
- Data as of
- 12/2021
- EIN
- 22-2981634
Organization Overview
The Areo Fund Inc is located in Jersey City, NJ. The organization was established in 2001. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Areo Fund 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 12/2021, Areo Fund Inc generated $39.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $4.2k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
PROGRAM SERVICE ACCOMPLISHMENTS: PUBLIC PARKS - THE ENTITY WAS ORGANIZED TO ESTABLISH, IMPROVE AND REJUVENATE THE ENVIRONMENT AND PUBLIC FACILITIES; TO ESTABLISH, EQUIP, AND MAINTAIN ACTIVITIES FOR THE CITIZENS, INCLUSIVE OF PARKS AND RECREATION FACILITIES THROUGHOUT HUDSON COUNTY. THE ORGANIZATION FACILITATES VARIOUS PROGRAMS INCLUDING EARTH DAY, MOVIES IN THE PARK,STRIDE & RIDE AND THE FARMERS MARKET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jodi Drennan V.chairperson | 2 | $0 | |
Norman Guerra Chairperson | 2 | $0 | |
Karolina Frazee Secretary | 2 | $0 | |
Kurt Cherry Treasurer | 2 | $0 | |
Michael Guerra Trustee | 1 | $0 | |
Dennis Enright Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,925 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $30 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,955 |
| 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 | $2,285 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,907 |
| Total expenses | $4,192 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $119,933 |
| Other assets | $0 |
| Total assets | $119,933 |
| Total liabilities | $0 |
| Net assets or fund balances | $119,933 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Areo Fund Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Suez North America Foundation Inc Paramus, NJ PURPOSE: UNRESTRICTED GIFT FOR USE IN EXEMPT PURPOSE | $5,000 |
Peer Organizations
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|---|---|---|
Montgomery County Community Action Development Commission Norristown, PA | $3,474,447 | $9,701,447 |
Unique Life Inc Bronx, NY | $6,794,767 | $10,711,287 |
Liberty Lutheran Services Ambler, PA | $87,780,400 | $9,720,613 |
Albany County Opportunity Incorporated Albany, NY | $9,044,384 | $9,921,411 |
Community Action Partnership Of Mercer County Sharon, PA | $4,458,318 | $9,067,066 |
Doctors Of The World-Usa Inc New York, NY | $5,138,998 | $8,908,023 |
United Food And Commercial Workers International Union Oriskany, NY | $2,992,541 | $8,981,591 |
Wayne County Action Program Inc Lyons, NY | $3,537,821 | $9,071,492 |
Opportunities For Otsego Inc Oneonta, NY | $3,078,713 | $8,326,679 |
Methodist Services Philadelphia, PA | $6,407,252 | $8,201,860 |
Circle Of Care For Families And Children Of Passaic County Inc Woodland Park, NJ | $3,622,705 | $9,164,906 |
Lifeworks Community Action Inc Ballston Spa, NY | $2,628,001 | $8,482,858 |