Fund For Newark Abbey Inc
- Assets
- $3.6m
- Revenue
- $88.9k
- Investments
- $3.6m
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 10/2010
- Data as of
- 12/2023
- EIN
- 22-3846806
Organization Overview
Fund For Newark Abbey Inc is located in Newark, NJ. The organization was established in 2010. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Newark Abbey 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 12/2023, Fund For Newark Abbey Inc generated $88.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $127.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene O'hara Trustee | 1 | $0 | |
FR Augustine Curley Trustee | 1 | $0 | |
Robert Diquollo Trustee | 1 | $0 | |
Rt Rev Melvin Valvano Osb Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $114,720 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$25,862 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $88,858 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,784 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,276 |
| Total operating and administrative expenses | $17,060 |
| Contributions, gifts, grants paid | $109,892 |
| Total expenses and disbursements | $126,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,570 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $624,393 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,603,608 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Fund For Newark Abbey Inc has awarded $109,892 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BENEDICTINE ABBEY OF NEWARK PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $100,000 |
ST BENEDICT'S PREPARATORY SCHOOL GROSSMAN FOUNDATION PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $9,892 |