Somerville High School Athletic Hall Of Fame Inc
- Assets
- $21.0k
- Revenue
- $16.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Somerville, NJ
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 22-3211677
Organization Overview
Somerville High School Athletic Hall Of Fame Inc is located in Somerville, NJ. The organization was established in 2007. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somerville High School Athletic Hall Of Fame 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, Somerville High School Athletic Hall Of Fame Inc generated $16.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (33.4%) each year. All expenses for the organization totaled $19.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (33.2%) per year over the past 8 years. 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
RECOGNIZE CURRENT AND FORMER STUDENTS/ATHLETES OF SOMERVILLE HIGH SCHOOL FOR THEIR CONTRIBUTIONS TO THE COMMUNITY AND SCHOOL TRADITION. CURRENT STUDENTS/ATHLETES ARE HONORED AT AN ANNUAL DINNER AND SEVERAL ARE AWARDED SCHOLARSHIPS. GRADUATES ARE HONORED WITH ELECTION TO "HALL OF FAME".
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MONIES TO THE SOMERVILLE BOARD OF EDUCATION TO FUND HIGH SCHOOL ATHLETIC PROGRAMS AND HIGH SCHOOL ATHLETIC FACILITY IMPROVEMENTS.
THIS ORGANIZATION FUNDS SCHOLARSHIPS WHICH ARE AWARDED TO OUTSTANDING GRADUATING HIGH SCHOOL SCHOLARS/ATHLETES. IT HOLDS RECOGNITION EVENTS EACH YEAR IN WHICH CURRENT ATHLETES AND HALL OF FAME MEMBERS ARE RECOGNIZED FOR THEIR CONTRIBUTION TO SOMERVILLE HIGH SCHOOL'S TRADITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Garbarini President | Trustee | $0 | |
Bill Hotz Treasurer | Trustee | $0 | |
Jason Kraska Vice Pres. | Trustee | $0 | |
Cheryl Petrill-Oram Secretary | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,295 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,211 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,506 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,704 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,210 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,650 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $883 |
| All other expenses | $0 |
| Total functional expenses | $19,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,993 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,993 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $20,993 |
| 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 | $20,993 |