Hudson County Bar Foundation is located in Jersey City, NJ. The organization was established in 1964. According to its NTEE Classification (I12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson County Bar Foundation 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, Hudson County Bar Foundation generated $197.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $174.0k during the year ending 12/2021. While expenses have increased by 7.9% 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
TO PROVIDE SCHOLARSHIP FUNDS TO INDIVIDUALS ALLOWING FOR ADVANCEMENT BY THOSE INDIVIDUALS IN THE PURSUIT OF STUDY TO BECOME ATTORNEYS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP GRANTS FOR TUITION AND BENEFITS TO THOSE PEOPLE REQUIRING LEGAL SERVICES BY SUPPORT OF HUDSON COUNTY BAR ASSOCIATION
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gerald H Baker Treasurer | OfficerTrustee | $0 | |
Kenneth Davie Trustee | OfficerTrustee | $0 | |
Judith Bielan Vice Preside | OfficerTrustee | $0 | |
Norberto A Garcia Trustee | OfficerTrustee | $0 | |
Stephen J Mccurrie Vice Preside | OfficerTrustee | $0 | |
John Molinari Vice Preside | OfficerTrustee | $0 |
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 | $3,941 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,941 |
Total Program Service Revenue | $0 |
Investment income | $22,225 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $29,491 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $197,193 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $4,338 |
Information technology | $0 |
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 | $3,974 |
All other expenses | $0 |
Total functional expenses | $173,984 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $215,776 |
Savings and temporary cash investments | $1,116,611 |
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 | $70,000 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,402,387 |
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 | $173,753 |
Total liabilities | $173,753 |
Net assets without donor restrictions | $0 |
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 | $1,228,634 |
Total liabilities and net assets/fund balances | $1,402,387 |
Over the last fiscal year, Hudson County Bar Foundation has awarded $17,500 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
RUTGERS LAW SCHOOL | | | $10,000 |
SETON HALL LAW SCHOOL | | | $7,500 |
Over the last fiscal year, we have identified 1 grants that Hudson County Bar Foundation has recieved totaling $10,839.
Awarding Organization | Amount |
---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $10,839 |
Organization Name | Assets | Revenue |
---|---|---|
Hebrew Home For The Aged Atriverdale Foundation Inc Bronx, NY | $107,017,435 | $14,129,144 |
Accountable Justice Action Fund Brooklyn, NY | $17,302,951 | $19,744,733 |
Delaware Bar Foundation Wilmington, DE | $3,089,735 | $1,588,325 |
New York Bar Foundation Albany, NY | $14,786,501 | $1,758,419 |
Garden State Law Enforcement Officers Association Tennent, NJ | $465,844 | $988,411 |
We Oppose Violence Everywhere Now Inc New York, NY | $1,021,458 | $822,834 |
Tour De Force Bike Ride Inc Washingtonville, NY | $152,206 | $627,759 |
Erie County Bar Foundation Inc Buffalo, NY | $1,955,351 | $342,420 |
Fork Over Love Kingston, PA | $271,211 | $441,372 |
Hudson County Bar Foundation Jersey City, NJ | $1,402,387 | $197,193 |
Police Unity Tour Chapter 18 Inc Roseland, NJ | $12,386 | $0 |
Margaret E Johnson Annuity Tr No 22301-0 Pittsburgh, PA | $1,643,194 | $16,325 |