New Jersey Chapter Of Aace
- Assets
- $212.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- 09/2003
- Data as of
- 12/2020
- EIN
- 54-2063666
Organization Overview
New Jersey Chapter Of Aace is located in Schaumburg, IL. The organization was established in 2003. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Chapter Of Aace is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2020, New Jersey Chapter Of Aace generated $37.5k 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 (6.4%) each year. All expenses for the organization totaled $27.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (15.8%) per year over the past 6 years. 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
2020
Describe the Organization's Program Activity:
Part 3
TO PROMOTE THE HIGHEST STANDARD OF MEDICAL PRACTICE FOR PATIENTS WITH ENDOCRINE DISORDERS AND TO SERVE AS A REPRESENTATIVE SPOKESMAN FOR PHYSICIANS IN THE CHAPTER TREATING PATIENTS WITH ENDOCRINE DISORDERS.
TO PROMOTE THE HIGHEST STANDARD OF MEDICAL PRACTICE FOR PATIENTS WITH ENDOCRINE DISORDERS AND TO SERVE AS A REPRESENTATIVE SPOKESMAN FOR PHYSICIANS IN THE CHAPTER TREATING PATIENTS WITH ENDOCRINE DISORDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annaswamy Raji President | 1 | $0 | |
Debra Margulies Vice President | 1 | $0 | |
Jeff Bauman Treasurer | 1 | $0 | |
Maya Raghuwanshi Immediate Past | 1 | $0 | |
Anita Raghuwanshi Secretary | 1 | $0 | |
Navinder Jassil Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $31,500 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6,000 |
| Total Revenue | $37,500 |
| 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 | $6,950 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $417 |
| Other expenses | $20,101 |
| Total expenses | $27,468 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $204,957 |
| Other assets | $0 |
| Total assets | $212,707 |
| Total liabilities | $2,766 |
| Net assets or fund balances | $209,941 |
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