Seashore Gardens Foundation
- Assets
- $2.7m
- Revenue
- $866.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Galloway, NJ
- Founding
- 04/2004
- Data as of
- 12/2021
- EIN
- 56-2424727
Organization Overview
Seashore Gardens Foundation is located in Galloway, NJ. The organization was established in 2004. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2021, Seashore Gardens Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seashore Gardens 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 12/2021, Seashore Gardens Foundation generated $866.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $836.5k during the year ending 12/2021. While expenses have increased by 15.0% 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 SUPPORT VARIOUS PROGRAMS AND SERVICES AT SEASHORE GARDENS LIVING CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ADMINISTRATIVE SUPPORT SERVICES TO SEASHORE GARDENS LIVING CENTER.
TO SUPPORT VARIOUS OTHER PROGRAMS AND SERVICES AT SEASHORE GARDENS LIVING CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin H Klein Treasurer | OfficerTrustee | 34 | $248,684 |
Louis Ricciardi Controller | Officer | 34 | $102,312 |
Richard Cohen CPA President | OfficerTrustee | 1 | $0 |
Shirley Labov Bernstein Vice President | OfficerTrustee | 1 | $0 |
Shelley Bernstein Secretary | OfficerTrustee | 1 | $0 |
Michael Baker Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,112 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $395,462 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $422,574 |
| Total Program Service Revenue | $379,635 |
| Investment income | $59,414 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,959 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $866,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $223,903 |
| 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. | $285,981 |
| Compensation of current officers, directors, key employees. | $111,916 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,703 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,107 |
| Payroll taxes | $28,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,839 |
| Fees for services: Other | $12,500 |
| Advertising and promotion | $19,800 |
| Office expenses | $65,639 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,412 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,003 |
| All other expenses | $0 |
| Total functional expenses | $836,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,094 |
| Savings and temporary cash investments | $24,444 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $199,332 |
| 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 | $3,750 |
| Net Land, buildings, and equipment | $1,034,509 |
| Investments—publicly traded securities | $1,204,001 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,081 |
| Total assets | $2,658,211 |
| Accounts payable and accrued expenses | $112,027 |
| Grants payable | $0 |
| Deferred revenue | $5,940 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,005 |
| 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 | $118,972 |
| Net assets without donor restrictions | $2,093,912 |
| Net assets with donor restrictions | $445,327 |
| 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 | $2,658,211 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Seashore Gardens Foundation has recieved totaling $10,983.
| Awarding Organization | Amount |
|---|---|
Odessa F Kahrs And Henry O Kahrs For Charitable Purposes Las Vegas, NV PURPOSE: GENERAL OPERATING | $10,983 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Temple Physicians Inc Philadelphia, PA | $32,827,078 | $80,029,343 |
Finger Lakes Performing Provider System Inc Rochester, NY | $41,997,931 | $67,997,644 |
Depaul Adult Care Communties Inc Rochester, NY | $12,844,666 | $48,377,747 |
Federation Of Organizations For The New York State Mentally Disabled West Babylon, NY | $34,800,632 | $51,638,775 |
Long Island Jewish Medical Center At Home Pharmacy Inc Westbury, NY | $5,530,043 | $43,997,615 |
Western New York Independent Living Inc Buffalo, NY | $29,215,885 | $46,881,599 |
Health Federation Of Philadelphia Philadelphia, PA | $18,351,110 | $41,791,030 |
Mcauley-Seton Home Care Inc Buffalo, NY | $77,262,995 | $46,063,677 |
Community Health Care Inc Bridgeton, NJ | $93,335,050 | $53,828,439 |
Best Choice Home Health Care Inc Flushing, NY | $12,215,789 | $31,841,732 |
National Comprehensive Cancer Network Inc Plymouth Meeting, PA | $114,912,916 | $46,211,501 |
1199seiu Labor Management Initiatives Inc New York, NY | $9,531,850 | $18,632,453 |