Greater Newark Holiday Fund Inc
- Assets
- $73.6k
- Revenue
- $259.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 01/1973
- Data as of
- 08/2023
- EIN
- 23-7235898
Organization Overview
Greater Newark Holiday Fund Inc is located in Newark, NJ. The organization was established in 1973. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Greater Newark Holiday 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 08/2023, Greater Newark Holiday Fund Inc generated $259.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $258.5k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Greater Newark Holiday Fund Inc has awarded 95 individual grants totaling $1,697,935. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT AN ANNUAL APPEAL TO SUPPORT THE WORK OF VARIOUS SOCIAL SERVICE AGENCIES IN THE NO. NJ AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED AN ANNUAL FUND RAISING CAMPAIGN, THE PROCEEDS OF WHICH HELP TO FUND PROGRAMS OFFERED BY SOCIAL SERVICE AGENCIES IN THE GREATER NEWARK, NJ AREA WHICH PROVIDE ASSISTANCE TO THE LESS FORTUNATE, PARTICULARLY DURING THE WINTER HOLIDAY MONTHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie L Mathews President/secretary | OfficerTrustee | 2 | $0 |
Sam Garruto Vice President | OfficerTrustee | 2 | $0 |
Anthony Azevedo Treasurer | OfficerTrustee | 2 | $0 |
Kelly A Erhardt Trustee | Trustee | 1 | $0 |
Frank Ferruggia Trustee | Trustee | 1 | $0 |
Michael Gilfillan Trustee | Trustee | 1 | $0 |
Financial Statements
| 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 | $259,248 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,248 |
| Total Program Service Revenue | $0 |
| Investment income | $19 |
| 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 | $259,267 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $165,000 |
| 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. | $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 | $15,510 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $50,000 |
| Office expenses | $3,209 |
| 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 | $3,370 |
| All other expenses | $0 |
| Total functional expenses | $258,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,615 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $73,615 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $73,615 |
| 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 | $73,615 |
Grants Awarded
Over the last fiscal year, Greater Newark Holiday Fund Inc has awarded $165,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES OF THE ARCHDIOCESE OF NEWARK PURPOSE: JOB TRAINING & HOMELESS SERVICES | $15,000 |
FAMILY CONNECTIONS INC PURPOSE: FAMILY COUNSELING/RAPE CARE SERVICES | $15,000 |
CHILDREN'S AID & FAMILY SERVICES INC PURPOSE: SUPPORT FOR CHILDREN IN FOSTER CARE AND FORMER FOSTER CARE YOUTH IN INDEPENDENT LIVING | $15,000 |
FAMILY SERVICE BUREAU OF NEWARK PURPOSE: EMERGENCY SERVICES | $15,000 |
FAMILY SERVICE LEAGUE INC PURPOSE: WOMEN EMPOWERMENT PROGRAM | $15,000 |
JEWISH FAMILY SERVICE OF METRO WEST PURPOSE: COUNSELING FOR CHILDREN AND FAMILIESOPERATING SUPPORT | $15,000 |