New Jersey State Policemens Benevolent Association Inc
- Assets
- $142.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Teaneck, NJ
- Founding
- 10/2014
- Data as of
- 12/2023
- EIN
- 22-3206189
Organization Overview
New Jersey State Policemens Benevolent Association Inc is located in Teaneck, NJ. The organization was established in 2014. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. New Jersey State Policemens Benevolent Association Inc is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2023, New Jersey State Policemens Benevolent Association Inc generated $111.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $90.8k during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO FURTHER THE INTERESTS OF ITS MEMBERSHIP BY SEEKING IMPROVED TERMS AND CONDITIONS OF EMPLOYMENT, TO RENDER MORAL AND MATERIAL AID TO MEMBERS AS NEEDED, TO PROVIDE REPRESENTATION AND/OR COUNSEL IN LEGAL PROCEEDINGS, AND TO PROMOTE SOCIAL AND FRATERNAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angel Pagan Trustee | 5 | $0 | |
Nicholas Decarlo Trustee | 5 | $0 | |
Babajide Olamiju President | 10 | $0 | |
Kevin Florio Vice President | 5 | $0 | |
Melissa Terpstra Secretary | 5 | $0 | |
James M Hoover Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $590 |
| Total Program Service Revenue | $8,664 |
| Membership dues | $106,223 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$3,657 |
| Other Revenue | $0 |
| Total Revenue | $111,828 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $37,133 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,105 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $43,824 |
| Total expenses | $90,820 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $138,694 |
| Other assets | $0 |
| Total assets | $141,963 |
| Total liabilities | $461 |
| Net assets or fund balances | $141,502 |