Somers Point Foundation For Education is located in Somers Point, NJ. The organization was established in 2000. 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. Somers Point Foundation For Education 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 06/2022, Somers Point Foundation For Education generated $18.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $15.2k during the year ending 06/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION PROMOTES EDUCATION PROGRAMS OF THE SOMERS POINT SCHOOL DISTRICT BY PROVIDING FUNDS FOR SPECIAL TEACHER PROJECTS AND ACTIVITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Peg Miedel Board Member | 2 | $0 | |
Jane Alvarez Treasurer | 2 | $0 | |
Joseph Schmidt President | 2 | $0 | |
John Davidson Secretary | 2 | $0 | |
Larry Levine Board Members | 0 | $0 | |
Beth Hartlage Board Members | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $500 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $7,863 |
Gain or Loss | $2,066 |
Net Income from Gaming & Fundraising | $8,235 |
Other Revenue | $40 |
Total Revenue | $18,704 |
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 | $1,410 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $13,791 |
Total expenses | $15,201 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $320,429 |
Other assets | $0 |
Total assets | $320,429 |
Total liabilities | $0 |
Net assets or fund balances | $320,429 |
Over the last fiscal year, we have identified 2 grants that Somers Point Foundation For Education has recieved totaling $17,500.
Awarding Organization | Amount |
---|---|
Shore Memorial Hospital Somers Point, NJ PURPOSE: PROGRAM SUPPORT | $16,500 |
John And Jennifer Eckerson Family Foundation Florham Park, NJ PURPOSE: GENERAL UNRESTRICTED | $1,000 |
Organization Name | Assets | Revenue |
---|---|---|
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
East Side Charter School Of Wilmington Inc Wilmington, DE | $9,042,787 | $7,810,738 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |
Morgan Stanley Foundation Inc New York, NY | $117,614,938 | $39,846,453 |
Brooklyn College Foundation Inc Brooklyn, NY | $101,301,645 | $6,939,639 |
The One Love Foundation In Honor Of Yeardley Love Inc Bronxville, NY | $10,162,225 | $8,418,764 |