Bogota Savings Bank Charitable Foundation Inc
- Assets
- $2.8m
- Revenue
- $111.3k
- Investments
- $2.7m
- Employees
- 0
- Location
- Teaneck, NJ
- Founding
- Data as of
- 12/2022
- EIN
- 84-4286896
Organization Overview
Bogota Savings Bank Charitable Foundation Inc is located in Teaneck, NJ. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bogota Savings Bank Charitable Foundation 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 12/2022, Bogota Savings Bank Charitable Foundation Inc generated $111.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (66.2%) each year. All expenses for the organization totaled $227.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Bogota Savings Bank Charitable Foundation Inc has awarded 53 individual grants totaling $301,725. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Coccaro Director, Pr | 5 | $0 | |
Kevin Pace Director, VP | 5 | $0 | |
Mathew Langer Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $59 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,021 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $104,215 |
| Total Revenue | $111,295 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $34,184 |
| Travel, conferences, and meetings | $988 |
| Printing and publications | $0 |
| Other expenses | $5,861 |
| Total operating and administrative expenses | $61,144 |
| Contributions, gifts, grants paid | $166,550 |
| Total expenses and disbursements | $227,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,689 |
| Savings and temporary cash investments | $53,080 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,803,658 |
| Accounts payable and accrued expenses | $15,726 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,726 |
Grants Awarded
Over the last fiscal year, Bogota Savings Bank Charitable Foundation Inc has awarded $166,550 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
BERGEN COUNTY CASA PURPOSE: DONATION | $2,400 |
SPECTRUM FOR LIVING PURPOSE: DONATION | $5,000 |
BERGEN VOLUNTEER MEDICAL INITIATIVE PURPOSE: DONATION | $10,000 |
ENGLEWOOD HEALTH FOUNDATION PURPOSE: DONATION | $5,000 |
FAMILY PROMISE OF BERGEN COUNTY PURPOSE: DONATION | $10,000 |
VANTAGE HEALTH SYSTEM PURPOSE: DONATION | $3,000 |