Franklin Township Dr Martin Luther King Community Foundation
- Assets
- $16.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Somerset, NJ
- Founding
- 08/2015
- Data as of
- 06/2023
- EIN
- 47-3349475
Organization Overview
Franklin Township Dr Martin Luther King Community Foundation is located in Somerset, NJ. The organization was established in 2015. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Township Dr Martin Luther King Community 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 06/2023, Franklin Township Dr Martin Luther King Community Foundation generated $17.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $9.0k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE MISSION OF THE FRANKLIN TOWNSHIP DR. MARTIN LUTHER KING COMMUNITY FOUNDATION IS TO FULFILL DR. KING'S DREAM OF UNITY AMONG THE RACES THROUGH PROMOTION OF: 1. RACIAL HARMONY. 2. EQUALITY AND JUSTICE FOR ALL. 3. OPPORTUNITY FOR BUILDING STRONG RELATIONS BETWEEN ALL PEOPLE. 4. EDUCATIONAL OPPORTUNITIES AND SERVICES 5. SCHOLARSHIPS FOR THE YOUTH OF FRANKLIN TOWNSHIP 6. UNITY CELEBRATIONS FOR THE ENTIRE COMMUNITY ONE OF THE HALLMARK ACTIVITIES CENTERS AROUND THE ANNUAL FRANKLIN TOWNSHIP DR. MARTIN LUTHER KING COMMUNITY BREAKFAST. THE BREAKFAST IS A TRUE COMMUNITY CELEBRATION REFLECTING THE RICHNESS AND DIVERSITY OF THE TOWNSHIP. EACH YEAR 400-500 PEOPLE GATHER TO CELEBRATE AND COMMEMORATE THE LIFE AND WORK OF DR. MARTIN LUTHER KING, JR. REPRESENTING VARIOUS MEMBERS OF THE FRANKLIN COMMUNITY INCLUDING CIVIC, RELIGIOUS, GOVERNMENT, LAW ENFORCEMENT, BUSINESS, EDUCATION, ARTS AND ENTERTAINMENT, ETC. SINCE 1998 THE ORGANIZATION HAS AWARDED OVER 200 FRANKLIN HIGH SCHOOL GRADUATING SENIORS WITH SCHOLARSHIPS TOTALING MORE THAN 250,000. SCHOLARSHIPS ARE GIVEN TO FRANKLIN HIGH SENIORS, REGARDLESS OF RACE OR RELIGION, WHO ARE CANDIDATES AT AN ACCREDITED COLLEGE OR PROFESSIONAL SCHOOL, HAVE DEMONSTRATED A RECORD OF COMMUNITY INVOLVEMENT AND VOLUNTEERISM, AND HAVE SHOWN OUTSTANDING CITIZENSHIP WITHIN THE HIGH SCHOOL AND COMMUNITY. DURING THE FISCAL YEAR ENDED JUNE 30, 2023, THE ORGANIZATION AWARDED 10 SCHOLARSHIPS TOTALING 7,500.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sgt Sean Hebbon President | 8 | $0 | |
Gary Rosenthal 1st Vice Pre | 1 | $0 | |
Dr Alex Kharazi 2nd Vice Pre | 1 | $0 | |
Surya Sonti Treasurer | 1 | $0 | |
Alice Osipowitz Secretary | 1 | $0 | |
Meher Rafiq Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,775 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$5,617 |
| Other Revenue | $0 |
| Total Revenue | $17,158 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $180 |
| Other expenses | $8,797 |
| Total expenses | $8,977 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,946 |
| Other assets | $0 |
| Total assets | $16,946 |
| Total liabilities | $0 |
| Net assets or fund balances | $16,946 |