Spellbound Community Giving Corp
- Assets
- $62.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Holly, NJ
- Founding
- Data as of
- 12/2023
- EIN
- 84-4362132
Organization Overview
Spellbound Community Giving Corp is located in Mount Holly, NJ. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Spellbound Community Giving Corp 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 12/2023, Spellbound Community Giving Corp generated $69.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $61.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 4 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
2023
Describe the Organization's Program Activity:
Part 3
THE CORPORATION SUCCESSFULLY CONDUCTED ITS ANNUAL SPELLBOUND CENTURY BIKE RACE WHICH RAISED FUNDS SO THAT THE CORPORATION COULD DONATE FUNDS TO ORGANIZATIONS PER ITS MISSION STATEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Companick President | 5 | $0 | |
Michael Smith Vice President | 2 | $0 | |
Sean Kennedy Treasurer | 5 | $0 | |
Lori Mancini Secretary | 5 | $0 | |
Michael Oliver Trustee | 5 | $0 | |
Tom Monaghan Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,993 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$41,274 |
| Other Revenue | $0 |
| Total Revenue | $69,719 |
| 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 | $0 |
| Other expenses | $1,808 |
| Total expenses | $61,708 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $62,745 |
| Other assets | $0 |
| Total assets | $62,745 |
| Total liabilities | $0 |
| Net assets or fund balances | $62,745 |
Grants Awarded
Over the last fiscal year, Spellbound Community Giving Corp has awarded $40,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE FOLWELL SCHOOL PTO INC | | | $20,000 |
MOUNT HOLLY NJ K-9 UNIT | | | $20,000 |