New Jersey Natural Gas Company Charity
- Assets
- $20.0m
- Revenue
- $520.6k
- Investments
- $16.8m
- Employees
- 0
- Location
- Wall, NJ
- Founding
- 06/2002
- Data as of
- 09/2023
- EIN
- 22-3828939
Organization Overview
New Jersey Natural Gas Company Charity is located in Wall, NJ. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Natural Gas Company Charity 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 Natural Gas Company Charity generated $520.6k in total revenue. All expenses for the organization totaled $1.9m during the year ending 09/2023. While expenses have increased by 2.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, New Jersey Natural Gas Company Charity has awarded 1,022 individual grants totaling $5,019,374. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, THE CHARITY MADE APPROXIMATELY (200) MEDIA ANNOUNCEMENTS ALERTING NEW JERSEY RESIDENTS TO LOCAL CHARITIES AND RESOURCE PROGRAMS THAT WERE AVAILABLE TO ASSIST PERSONS IN NEED.
THE CHARITY FACILITATES AFTER SCHOOL TUTORING AND MENTORSHIP ACTIVITIES AND PROVIDES EDUCATIONAL MATERIALS, SERVING APPROXIMATELY 1,060 YOUTH EACH YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Westhoven Chairman, President & CEO | 0 | $0 | |
Roberto Bel SVP & Cfo, Trustee | 0 | $0 | |
Mark Kahrer Svp, Trustee | 0 | $0 | |
Richard Reich SVP & General Counsel, Trustee | 0 | $0 | |
Lori Delgiudice Svp, Trustee (start 5/23) | 0 | $0 | |
Patrick Migliaccio Svp, Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,689 |
| Interest on Savings | $31,709 |
| Dividends & Interest | $457,309 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,911 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24,781 |
| Total Revenue | $520,577 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,818 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $71,325 |
| Total operating and administrative expenses | $241,383 |
| Contributions, gifts, grants paid | $1,696,065 |
| Total expenses and disbursements | $1,937,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,162,569 |
| Net Accounts receivable | $32,669 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $17,012 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,825,803 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,010,843 |
| Accounts payable and accrued expenses | $81,084 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $81,084 |
Grants Awarded
Over the last fiscal year, New Jersey Natural Gas Company Charity has awarded $1,696,065 in support to 357 organizations.
| Grant Recipient | Amount |
|---|---|
180 TURNING LIVES AROUND INC PURPOSE: HUMAN SERVICES | $1,000 |
180 TURNING LIVES AROUND INC PURPOSE: HUMAN SERVICES | $5,000 |
A NEED WE FEED INC PURPOSE: HUMAN SERVICES | $150 |
A NEED WE FEED INC PURPOSE: HUMAN SERVICES | $150 |
ADVOCATES FOR CHILDREN OF NEW JERSEY PURPOSE: CIVIC | $500 |
AFFORDABLE HOUSING ALLIANCE PURPOSE: HOUSING | $1,500 |