New Jersey State Policemens Benevelont Association Inc

The information for New Jersey State Policemens Benevelont Association Inc is as of the organization's most recent filing in December '21. This organization is located in Woodbridge, NJ. It has been in existence for 7 years, following its founding in 2014.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The New Jersey State Policemens Benevolent Association Inc's NTEE code is Y42. The "Y" tells us that the organization is classified along with Domestic Fraternal Societies. The "42" tells us that the organization is a Mutual & Membership Benefit organization. The NTEE describes Mutual & Membership Benefit organizations as organizations operating under the lodge system that devote their earnings to fraternal, religious, charitable, or other services. This code is used exclusively for organizations exempt from federal taxes under 501(c)(10) of the Internal Revenue Code.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(10) organization. The IRS describes these organizations as fraternal beneficiary societies and associations.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the New Jersey State Policemens Benevolent Association Inc is to further the interests of its membership by seeking improved retirement benefits in post-employment, to render moral and material aid to members as needed, and to promote social and fraternal activities.

Program Areas

The organization was established with the goal of advocating for improved retirement benefits for its members and providing moral and material aid as needed. Additionally, the organization aims to promote social and fraternal activities within its membership.

Organization Staffing

New Jersey State Policemen's Benevolent Association Inc is led by Tom Lombardi, who holds the title of President. The organization does not have any employees, nor are there any employees paid over $100k per year. However, the organization does rely on the support of 13 volunteers.

Board Governance

The New Jersey State Policemen's Benevolent Association Inc is well-governed based on the information provided. The organization has a total of 9 voting members, all of whom are independent, indicating a fair and unbiased decision-making process. This ensures that the organization's interests are prioritized over any personal or external influences. The absence of potential conflicts of interest further strengthens the organization's governance. This means that the board members are solely focused on fulfilling the organization's mission and serving its beneficiaries, rather than pursuing personal gains or conflicting interests. The fact that the organization has not delegated management to an outside firm indicates that the board is actively involved in overseeing the organization's operations and decision-making processes. This hands-on approach allows for greater transparency and accountability. The documentation of board and committee meetings is another positive aspect of the organization's governance. This ensures that all discussions, decisions, and actions taken during these meetings are recorded and can be referred to if needed. It promotes transparency and helps maintain a historical record of the organization's activities. The presence of conflict of interest, whistleblower, and document retention policies further demonstrates the organization's commitment to ethical conduct and accountability. These policies provide guidelines for addressing potential conflicts, reporting misconduct, and preserving important documents, respectively. Moreover, the organization's practice of substantiating and reviewing leadership and officer's salaries indicates a responsible approach to compensation. This ensures that the salaries are reasonable and justifiable, aligning with the organization's financial resources and the market standards. Lastly, the organization's practice of providing copies of the 990 to the board prior to filing highlights its commitment to transparency and open communication. This allows the board members to review and assess the organization's financial information before it is submitted to the relevant authorities. Overall, the New Jersey State Policemen's Benevolent Association Inc demonstrates strong governance practices, prioritizing transparency, accountability, and ethical conduct.

Organization Growth

The New Jersey State Policemens Benevolent Association Inc has experienced a decrease in various aspects over the given time period. Contributions and grants received decreased from $2.6K in 2015 to $0 in 2021. Program service revenue also decreased from $318.2K in 2015 to $216.4K in 2021. Investment income and other revenue were not meaningful over this time period. Total revenue decreased from $320.8K in 2015 to $237.9K in 2021. Grants paid were not meaningful in 2015 but increased to $7.7K in 2021. Additionally, benefits paid to members decreased from $299.6K in 2015 to $152.6K in 2021. Total expenses also decreased from $400.2K in 2015 to $274.6K in 2021. The number of total volunteers decreased from 16 in 2015 to 13 in 2021. Overall, the nonprofit organization has shown a decline in various areas over the given time period.