Bergens Promise Inc
- Assets
- $6.7m
- Revenue
- $14.3m
- Investments
- $0.0
- Employees
- 187
- Location
- Hackensack, NJ
- Founding
- 07/2002
- Data as of
- 06/2021
- EIN
- 22-3843132
Organization Overview
Bergens Promise Inc is located in Hackensack, NJ. The organization was established in 2002. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. As of 06/2021, Bergens Promise Inc employed 187 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bergens Promise 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 06/2021, Bergens Promise Inc generated $14.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $11.8m during the year ending 06/2021. While expenses have increased by 7.3% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GOAL OF THE ORGANIZATION IS TO KEEP "HEALTHY FAMILIES, SAFE AT HOME." BERGEN'S PROMISE WILL PROVIDE EXCEPTIONAL CARE MANAGEMENT SERVICES TO KEEP YOUTH AND FAMILIES PHYSICALLY AND EMOTIONALLY SAFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BERGEN'S PROMISE PROVIDES CARE MANAGEMENT SERVICES FOR FAMILIES WITH YOUTH AGES 5 TO 21 WHO ARE DEALING WITH BEHAVIORAL, MENTAL HEALTH, SUBSTANCE ABUSE AND INTELLECTUAL/DEVELOPMENTAL DISABILITY CHALLENGES. THE GOAL IS TO DEVELOP A COMMUNITY BASED SERVICE PLAN THAT IS FOCUSED ON ACHIEVING LONG-TERM SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Pastras Executive Director | Officer | 40 | $146,983 |
Shelisa Foster Chief Operating Officer | Officer | 40 | $106,862 |
Michael Maliavsky Chief Financial Officer | Officer | 40 | $98,788 |
Jeffrey Kahn Vice President | OfficerTrustee | 16 | $0 |
Ann Marie Lazarus Trustee | Trustee | 16 | $0 |
Lucien Duquette Trustee | Trustee | 16 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $580,346 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $580,346 |
| Total Program Service Revenue | $13,656,818 |
| Investment income | $12,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $14,251,992 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $332,492 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $465,946 |
| Compensation of current officers, directors, key employees. | $52,258 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,551,003 |
| Pension plan accruals and contributions | $148,402 |
| Other employee benefits | $1,282,892 |
| Payroll taxes | $585,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,060 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,961 |
| Advertising and promotion | $143,807 |
| Office expenses | $510,751 |
| Information technology | $120,817 |
| Royalties | $0 |
| Occupancy | $1,036,159 |
| Travel | $32,936 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,125 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,524 |
| Insurance | $189,867 |
| All other expenses | $139,937 |
| Total functional expenses | $11,846,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,255 |
| Savings and temporary cash investments | $3,204,586 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,699,048 |
| 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 | $83,149 |
| Net Land, buildings, and equipment | $361,856 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,748,894 |
| Accounts payable and accrued expenses | $1,120,954 |
| 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 | $650,552 |
| Total liabilities | $1,771,506 |
| Net assets without donor restrictions | $4,977,388 |
| 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 | $6,748,894 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bergens Promise Inc has recieved totaling $118.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $118 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bergens Promise Inc Hackensack, NJ | $6,748,894 | $14,251,992 |
Network For Teaching Entrepreneurship New York, NY | $9,589,884 | $12,214,690 |
Reel Stories Teen Filmmaking Inc Brooklyn, NY | $1,349,194 | $2,572,031 |
Foundation For Free Enterprise Education Erie, PA | $5,614,586 | $1,865,641 |
Glassroots Inc Newark, NJ | $2,953,448 | $1,078,025 |
Young Entrepreneurs Academy Inc Pittsford, NY | $192,804 | $326,928 |
Omicelo Cares Pittsburgh, PA | $951,389 | $343,389 |
Partners For Education And Business Inc Syracuse, NY | $12,469 | $270,994 |
All Things Are Possible Foundation Inc Willingboro, NJ | $482,242 | $308,793 |
Nykbi Inc New York, NY | $57,865 | $227,712 |
Institute For The Economic Development Of Children Philadelphia, PA | $6,866 | $0 |
Plutus Foundation Inc Yardley, PA | $37,315 | $0 |