Franklin Lakes Youth & Recreation Foundation Inc
- Assets
- $35.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Franklin Lakes, NJ
- Founding
- 02/1994
- Data as of
- 12/2023
- EIN
- 22-3267895
Organization Overview
Franklin Lakes Youth & Recreation Foundation Inc is located in Franklin Lakes, NJ. The organization was established in 1994. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Lakes Youth & Recreation Foundation 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 12/2023, Franklin Lakes Youth & Recreation Foundation Inc generated $10.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (28.7%) each year. All expenses for the organization totaled $17.4k during the year ending 12/2023. 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
FRANKLIN LAKES PARKS & RECREATION FOUNDATION PROVIDES GRANTS TO FRANKLIN LAKES' TOWN PARKS FOR CAPITAL IMPROVEMENTS AND TO SUPPLEMENT YOUTH RECREATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Deluccia Co-President | 1.5 | $0 | |
Mike Bedrin Co-President | 0.75 | $0 | |
Constantine Skamas Treasurer | 1.25 | $0 | |
Holly Manuelian Secretary | 0.25 | $0 | |
Frank Bivona Board Member | 0.75 | $0 | |
David Catuagno Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,981 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $100 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,081 |
| 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 | $1,700 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $271 |
| Other expenses | $5,912 |
| Total expenses | $17,383 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,090 |
| Other assets | $0 |
| Total assets | $35,090 |
| Total liabilities | $0 |
| Net assets or fund balances | $35,090 |