South Jersey Dream Center Inc
- Assets
- $80.6k
- Revenue
- $477.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Thorofare, NJ
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 46-3760076
Organization Overview
South Jersey Dream Center Inc is located in Thorofare, NJ. The organization was established in 2014. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Jersey Dream Center 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 12/2021, South Jersey Dream Center Inc generated $477.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 71.6% each year . All expenses for the organization totaled $401.1k during the year ending 12/2021. While expenses have increased by 68.7% per year over the past 7 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 ASSISTANCE TO NEEDY HOUSEHOLDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARKETPLACE DISTRIBUTES FOOD, CLOTHING, AND HOUSEHOLD ITEMS TO HOUSEHOLDS NEEDING ASSISTANCE IN SOUTHERN NEW JERSEY.
OUTREACH AND MISSIONS PROVIDE ASSISTANCE TO NEEDY FAMILIES AND OTHER NONPROFIT ORGANIZATIONS.
WORKSHOPS ARE OFFERED TO PROVIDE FREE TRAINING TO THOSE RECEIVING ASSISTANCE. TRAINING IS PROVIDED FOR JOB READINESS, FINANCES, OVERCOMING ADDICTIONS, AND OTHER PROGRAMS.
THE MARKETPLACE DISTRIBUTES FOOD, CLOTHING, AND HOUSEHOLD ITEMS TO HOUSEHOLDS NEEDING ASSISTANCE IN SOUTHERN NEW JERSEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie Fortunato Secretary | Officer | 20 | $20,192 |
Joseph Fortunato President | Officer | 10 | $0 |
Rose Dean Director | Officer | 1 | $0 |
Edward Dean Director | Officer | 1 | $0 |
John Antonucci Vice Preside | Officer | 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 | $471,676 |
| Noncash contributions included in lines 1a–1f | $349,889 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $471,676 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $477,286 |
| 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. | $20,192 |
| Compensation of current officers, directors, key employees. | $8,077 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,323 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,551 |
| Advertising and promotion | $0 |
| Office expenses | $5,878 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,084 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $231 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,109 |
| Insurance | $101 |
| All other expenses | $572 |
| Total functional expenses | $401,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,333 |
| 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 | $4,491 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $737 |
| Total assets | $80,561 |
| Accounts payable and accrued expenses | $25,868 |
| 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 | $25,868 |
| Net assets without donor restrictions | $54,693 |
| 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 | $80,561 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that South Jersey Dream Center Inc has recieved totaling $2,700.
| Awarding Organization | Amount |
|---|---|
The Rennoc Corporation Foundation Inc Sewell, NJ PURPOSE: FOOD AND CLOTHINGASSISTANCE TOTHOSE IN NEED | $2,500 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Institute Of Research Inc Erie, PA | $4,835,958 | $44,694,809 |
Hyacinth Foundation A New Jersey Nonprofit Corporation New Brunswick, NJ | $2,127,419 | $9,677,408 |
American Vacuum Society Incorporated New York, NY | $15,639,477 | $3,580,323 |
Students 2 Science East Hanover, NJ | $4,913,280 | $4,122,884 |
Art Science Research Laboratory Inc New York, NY | $240,453 | $3,090,633 |
New York Wine Grape Foundation Penn Yan, NY | $1,037,774 | $2,662,535 |
Fragrance Foundation Inc New York, NY | $4,383,743 | $2,574,957 |
Policy Research Inc Delmar, NY | $614,854 | $1,916,396 |
The Solar Foundation Albany, NY | $0 | $1,336,664 |
Osteoarthritis Research Society International Inc Mount Laurel, NJ | $3,489,953 | $1,360,063 |
New York State Association For Latham, NY | $359,200 | $986,634 |
Isev Inc Mt Royal, NJ | $2,022,454 | $964,731 |