Morris Area Freewheelers Foundation
- Assets
- $27.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chester, NJ
- Founding
- 10/2010
- Data as of
- 12/2023
- EIN
- 27-1434891
Organization Overview
Morris Area Freewheelers Foundation is located in Chester, NJ. The organization was established in 2010. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morris Area Freewheelers 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 12/2023, Morris Area Freewheelers Foundation generated $23.3k 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 (14.9%) each year. All expenses for the organization totaled $24.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (13.1%) per year over the past 8 years. 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 |
|---|---|---|---|
Brendan Poh Chairperson | 10 | $0 | |
Rita Patel Vice Chairperson | 10 | $0 | |
Fran Caggiano-Swenson Secretary | 10 | $0 | |
Thomas Kruse Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,478 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$1,188 |
| Other Revenue | $0 |
| Total Revenue | $23,290 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $600 |
| Occupancy, rent, utilities, and maintenance | $3,938 |
| Printing, publications, postage, and shipping | $2,353 |
| Other expenses | $3,296 |
| Total expenses | $24,687 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,890 |
| Other assets | $0 |
| Total assets | $27,250 |
| Total liabilities | $0 |
| Net assets or fund balances | $27,250 |