Morris Area Freewheelers Foundation
- Assets
- $49.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newfoundland, NJ
- Founding
- 10/2010
- Data as of
- 12/2021
- EIN
- 27-1434891
Organization Overview
Morris Area Freewheelers Foundation is located in Newfoundland, 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 12/2021, Morris Area Freewheelers Foundation generated $65.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $46.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 6 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 |
|---|---|---|---|
Richard Cohen Vice Chairpersn | 10 | $0 | |
Arlene Whalen Secretary | 10 | $0 | |
Carl Wheeldon Chairperson | 10 | $0 | |
James Nielsen Jr Treasurer | 10 | $0 | |
Jay Marowitz Director | 10 | $0 | |
Tracy Brown Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $65,558 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $65,558 |
| 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 | $750 |
| Occupancy, rent, utilities, and maintenance | $10,734 |
| Printing, publications, postage, and shipping | $4 |
| Other expenses | $29,344 |
| Total expenses | $45,957 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,136 |
| Other assets | $0 |
| Total assets | $49,136 |
| Total liabilities | $0 |
| Net assets or fund balances | $49,136 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Morris Area Freewheelers Foundation has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Atlantic Health System Inc Morristown, NJ PURPOSE: General Support | $7,000 |
Peer Organizations
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|---|---|---|
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Park Housing Development Fund Company Inc Flushing, NY | $4,600,496 | $988,773 |
Underground Bowling Association Inc Freeport, NY | $128,797 | $1,189,863 |
Larchmont Manor Park Society Larchmont, NY | $1,812,856 | $1,373,581 |
Niagara Frontier Junior Hockey Club Inc Grand Island, NY | $406,318 | $910,051 |
Bayview Leisure Association Inc Bayside, NY | $0 | $597,983 |
Riverside Camping Assn Lancaster, PA | $1,315,552 | $1,190,999 |
Pelham Community Rowing Association Inc Pelham, NY | $745,222 | $876,253 |
Myth & Barnegat Restoration Society New York, NY | $2,026,810 | $538,821 |
Camp Deerpark Inc Westbrookville, NY | $1,927,519 | $899,690 |