New Jersey Turfgrass Foundation Inc
- Assets
- $2.5m
- Revenue
- $510.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Wayne, NJ
- Founding
- 03/1995
- Data as of
- 09/2023
- EIN
- 22-3270805
Organization Overview
New Jersey Turfgrass Foundation Inc is located in Wayne, NJ. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. New Jersey Turfgrass 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 09/2023, New Jersey Turfgrass Foundation Inc generated $510.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $298.6k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS THAT WILL DIRECTLY OR INDIRECTLY SUPPORT THE GOALS OF THE NEW JERSEY TURFGRASS ASSOCIATION AND THE WORK OF THE RUTGERS CENTER FOR TURFGRASS SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS. THE RECIPENTS ARE TO BE STUDENTS AT COOK COLLEGE/RUTGERS UNIVERSITY OR ANOTHER INSTITUTION OF HIGHER EDUCATION RELATED TO THE TURF PROGRAM. THESE STUDENTS SHOULD HAVE COMPLETED ONE YEAR OR MORE TOWARD HIS/HER EDUCATION. THE STUDENT MUST HAVE A SINCERE COMMITMENT TO TURFGRASS AS A CAREER. WORK EXPERIENCE ON A SITE IN GROWING TURF OR WORK ON TURF RESEARCH IS AN IMPORTANT QUALIFICATION ALONG WITH THE SCHOLASTIC RECORD. THERE ARE NO RESTRICTIONS OR LIMITATIONS IN THE SELECTION PROCEDURES BASED UPON RACE OR THE EMPLOYMENT STATUS OF THE PROSPECTIVE RECEIPIENT OR ANY RELATIVE OF THE PROSPECTIVE RECIPIENT. THESE STUDENTS WILL BE SELECTED BY A COMMITTEE APPOINTED BY THE BOARD OF TRUSTEES BASED UPON THE RECOMMENDATIONS RECEIVED FROM THE STUDENT ADVISORS AT COOK COLLEGE/RUTGERS UNIVERSITY.
FIELD DAY LICENSE & PERMIT
ECONOMIC SURVEY OF THE TURFGRASS INDUSTRY.
DONATIONS TO ORGANAZATIONS THAT SUPPORT THE TURFGRASS INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shaun Barry Trustee | Trustee | 2 | $0 |
Chris Carson Trustee | Trustee | 2 | $0 |
Lee Kozsey Trustee | Trustee | 2 | $0 |
Keith Kubik Past Preside | Trustee | 2 | $0 |
Matt Lindner President | Trustee | 2 | $0 |
Jason Osterhoudt Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,525 |
| Total Program Service Revenue | $0 |
| Investment income | $218,876 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $289,717 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $510,118 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| 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 | $0 |
| All other expenses | $31,742 |
| Total functional expenses | $298,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,187 |
| Savings and temporary cash investments | $429,614 |
| 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 | $2,105,538 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,548,339 |
| 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 | $2,548,339 |
| 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 | $2,548,339 |