Monmouth Park Charity Fund Inc
- Assets
- $275.4k
- Revenue
- $167.5k
- Investments
- $100.0k
- Employees
- 0
- Location
- Oceanport, NJ
- Founding
- 12/1956
- Data as of
- 12/2021
- EIN
- 22-6063135
Organization Overview
Monmouth Park Charity Fund Inc is located in Oceanport, NJ. The organization was established in 1956. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is the central organization for a national or regional group of organizations. Monmouth Park Charity Fund 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 12/2021, Monmouth Park Charity Fund Inc generated $167.5k 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 (3.9%) each year. All expenses for the organization totaled $186.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. 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
RAISING OF FUNDS FOR DISTRIBUTION TO MONMOUTH COUNTY NJ CHARITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASH GRANTS TO 16 MONMOUTH COUNTY NEW JERSEY CHARITIES.
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 |
|---|---|---|---|
Debi Heptig Director Of Operations | Trustee | 40 | $71,200 |
Nona Balaban Secretary | OfficerTrustee | 1 | $0 |
Maria Tanzola Vice President/trustee | OfficerTrustee | 1 | $0 |
Matthew Holman Treasurer | OfficerTrustee | 1 | $0 |
Maureen Lloyd President | OfficerTrustee | 1 | $0 |
Barry Shapiro 2nd Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $113,852 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,833 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,685 |
| Total Program Service Revenue | $0 |
| Investment income | $26 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,901 |
| Net Income from Gaming Activities | $6,905 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $167,517 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $95,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,200 |
| Compensation of current officers, directors, key employees. | $17,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,668 |
| Office expenses | $4,738 |
| Information technology | $1,145 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,693 |
| All other expenses | $0 |
| Total functional expenses | $186,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,076 |
| Savings and temporary cash investments | $45,371 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $100,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $275,447 |
| Accounts payable and accrued expenses | $0 |
| 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 | $15,027 |
| Total liabilities | $15,027 |
| Net assets without donor restrictions | $260,420 |
| 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 | $275,447 |
Grants Awarded
Over the last fiscal year, Monmouth Park Charity Fund Inc has awarded $53,750 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Tinton Falls, NJ PURPOSE: WINNERS CIRCLE GRANT | $13,750 |
Tinton Falls, NJ PURPOSE: COVID-19 EMERGENCY RELIEF | $10,000 |
Asbury Park, NJ PURPOSE: COVID-19 EMERGENCY RELIEF | $10,000 |
Red Bank, NJ PURPOSE: COVID-19 EMERGENCY RELIEF | $10,000 |
Red Bank, NJ PURPOSE: COVID-19 EMERGENCY RELIEF | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Monmouth Park Charity Fund Inc has recieved totaling $21,761.
| Awarding Organization | Amount |
|---|---|
Hackensack Meridian Health Inc Edison, NJ PURPOSE: SAFETY & WELLNESS | $15,000 |
Jay And Linda Grunin Foundation Inc Toms River, NJ PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Manasquan Bank Charitable Foundation Inc Wall Township, NJ PURPOSE: HEALTHCARE SERVICES | $1,000 |
Oceanfirst Foundation Toms River, NJ PURPOSE: BOARD MATCHING GIFT | $500 |
Lucile And Maurice Pollak Fund Manahawkin, NJ PURPOSE: FOR OPERATIONS | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Gift Fund Wilmington, DE | $439,949,657 | $191,491,973 |
United Way Of New York City New York, NY | $40,512,646 | $61,047,819 |
Childrens Rescue Fund Bronx, NY | $24,029,170 | $53,044,030 |
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $424,827,168 | $56,076,653 |
Masonic Charity Foundation Of New Jersey Burlington, NJ | $172,221,934 | $43,314,018 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY | $189,540,443 | $45,112,374 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA | $71,821,513 | $41,142,392 |
Jewish Federation Of Greater Pittsburgh Pittsburgh, PA | $277,158,927 | $43,372,124 |
Foundation For Jewish Philanthropies Getzville, NY | $249,898,212 | $25,804,353 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | $111,398,154 | $23,240,167 |
Colcom Foundation Pittsburgh, PA | $406,634,028 | $48,313,267 |
Jewish Federation Of Greater Metrowest Nj Whippany, NJ | $148,757,737 | $46,864,442 |