Cumberland Empowerment Zone Corporation

Organization Overview

Cumberland Empowerment Zone Corporation is located in Millville, NJ. The organization was established in 1999. According to its NTEE Classification (M24) the organization is classified as: Fire Prevention, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland Empowerment Zone Corporation 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 12/2021, Cumberland Empowerment Zone Corporation generated $390.4k 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 (11.6%) each year. All expenses for the organization totaled $556.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Cumberland Empowerment Zone Corporation has awarded 13 individual grants totaling $773,892. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

COMMUNITY ECONOMIC DEVELOPMENT. IMPLEMENTATION OF EMPOWERMENT ZONE PROGRAM PROVIDING LOANS AND GRANTS TO COMMUNITY ORGANIZATIONS AND BUSINESSES AND SPONSORSHIP OF EDUCATIONAL PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNITY ECONOMIC DEVELOPMENT. IMPLEMENTATION OF EMPOWERMENT ZONE PROGRAM PROVIDING LOANS AND GRANTS TO COMMUNITY ORGANIZATIONS AND BUSINESSES AND SPONSORSHIP OF EDUCATIONAL PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Jeannine Macdonald
Executive Di
$14,400
Edward Bethea
President
$0
Shelly Schneider
Vice Preside
$0
Dante Rieti
Secretary/tr
$0
Dale Jones
Board Member
$0
Anthony Fanucci
Board Member
$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$219,432
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$219,432
Total Program Service Revenue$7,750
Investment income $151,223
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $11,983
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $390,388

Grants Awarded

Over the last fiscal year, Cumberland Empowerment Zone Corporation has awarded $280,344 in support to 4 organizations.

Grant RecipientAmount

MILLVILLE BOARD OF EDUCATION

PURPOSE: EDUCATION

$74,134

BRIDGETON PUBLIC SCHOOLS

PURPOSE: EDUCATION

$69,134

COMMERCIAL TOWNSHIP

PURPOSE: EDUCATION

$68,716

VINELAND PUBLIC SCHOOLS

PURPOSE: EDUCATION

$68,360
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Cumberland Empowerment Zone Corporation has recieved totaling $87,500.

Awarding OrganizationAmount
$47,500
Community Foundation Of New Jersey

Morristown, NJ

PURPOSE: GENERAL SUPPORT

$40,000
View Grant Recipient Profile

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