The information for New Jersey State Policemens Benevolent Association Inc is as of the organization's most recent filing in December 2019. This organization is located in Jersey City, NJ. It has been in existence for 5 years, following its founding in 2014.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The New Jersey State Policemens Benevolent Association Inc's NTEE code is Y42. The "Y" tells us that the organization is classified along with Domestic Fraternal Societies. The "42" tells us that the organization is a Mutual & Membership Benefit organization. The NTEE describes Mutual & Membership Benefit organizations as fraternal societies or associations operating under the lodge system that do not provide life, health, accident, or other benefits to their members but rather devote their earnings to fraternal, religious, charitable, or other services. This code is used exclusively for organizations exempt from federal taxes under 501(c)(10) of the Internal Revenue Code. Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to be a 501(c)(8) organization. The IRS describes these organizations as Fraternal Beneficiary Societies and Associations.
The organization was established to further the interests of its membership by seeking improved terms and conditions of employment, rendering moral and material aid to members as needed, providing representation and/or counsel in legal proceedings, and promoting social and fraternal activities.
The New Jersey State Policemens Benevolent Association Inc has experienced growth over the past few years. Program service revenue, total revenue, and benefits paid to members all increased over the observed time period. This growth shows the organization's ability to promote its mission and to serve its members.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Hector Valle Executive Vice President | 5 | $0 | |
Vivian Hernandez State Delegate | 10 | $0 | |
Robert Cronick President | 10 | $0 | |
Jonathan Gil Treasurer | 10 | $0 | |
Andres Belmonte Trustee | 5 | $0 | |
Jennise Sarmiento Recording Secretary | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $1,132 |
Membership dues | $187,200 |
Investment income | $76 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $188,408 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $60,953 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $41,412 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $51,560 |
Total expenses | $164,225 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $165,456 |
Other assets | $0 |
Total assets | $211,339 |
Total liabilities | $0 |
Net assets or fund balances | $211,339 |
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