Spring Street Community Development
- Assets
- $96.0k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 16
- Location
- Morristown, NJ
- Founding
- 07/2013
- Data as of
- 12/2023
- EIN
- 45-0942880
Organization Overview
Spring Street Community Development is located in Morristown, NJ. The organization was established in 2013. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Spring Street Community Development employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Street Community Development 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, Spring Street Community Development generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 26.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO IDENTIFYING THE NEEDS OF FAMILIES IN ORDER TO REVERSE NEGATIVE TRENDS, IMPROVE QUALITY OF LIFE, & STRENGTHEN THE COMMUNITY (MORRIS COUNTY).
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD PANTRY & SOUP KITCHEN - A PLACE WHERE HOPE STARTS AND THE COMMUNITY GATHERS TO SHARE SERVING MEALS TO NEEDY FAMILIES BOTH ON-SITE AND THROUGH A MOBILE FOOD PANTRY
NEW LIFE RECOVERY & REENTRY PROGRAM SENIOR PROGRAM COVID
STUDENT OUTREACH AND ACADEMIC REINFORCEMENT (SOAR) - ENHANCES THE ACADEMIC AND SOCIAL DEVELOPMENT OF FIFTH GRADERS THROUGH EDUCATIONAL SUPPORT, MENTORING, AND ENRICHMENT OPPORTUNITIES. ALSO PROVIDES A LEADERSHIP ACADEMY FOR MIDDLE SCHOOLERS AND COLLEGE ASSISTANCE PROGRAMS FOR HIGH SCHOOL STUDENTS.
HEALTHY WOMEN HEALTHY FAMILIES - FOCUSES ON AFRICAN-AMERICAN WOMEN (PREGNANT OR POST-PREGNANCY) ASSISTING THEM TO FIND RESOURCES AVAILABLE AT LOCAL ORGANIZATIONS, HOSPITALS, AND MEDICAL FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Sidney S Williams Jr Chairman | OfficerTrustee | 5 | $0 |
Chas Fox Vice - Chairman | OfficerTrustee | 2 | $0 |
John Thomas Treasurer | OfficerTrustee | 2 | $0 |
Cheryl Masud Secretary | OfficerTrustee | 2 | $0 |
Sarah Niebart Director | Trustee | 2 | $0 |
James Gannon Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $87,711 |
| Related organizations | $0 |
| Government grants | $11,661 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,987,927 |
| Noncash contributions included in lines 1a–1f | $1,660,871 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,087,299 |
| Total Program Service Revenue | $0 |
| Investment income | $1,508 |
| 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 | $2,088,807 |
| 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 | $171,212 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,116 |
| 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 | $13,356 |
| Advertising and promotion | $7,080 |
| Office expenses | $20,706 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,357 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,558 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,756 |
| Insurance | $22,817 |
| All other expenses | $0 |
| Total functional expenses | $2,101,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,845 |
| Savings and temporary cash investments | $0 |
| 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 | $85,131 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $95,976 |
| 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 | $66 |
| Other liabilities | $0 |
| Total liabilities | $66 |
| Net assets without donor restrictions | $15,910 |
| Net assets with donor restrictions | $80,000 |
| 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 | $95,976 |