Spellbound Community Giving Corp
- Assets
- $54.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Holly, NJ
- Founding
- Data as of
- 12/2022
- 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 12/2022, Spellbound Community Giving Corp generated $64.7k 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 (10.4%) each year. All expenses for the organization totaled $49.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 3 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
2022
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 | |
Sean Kennedy Treasurer | 5 | $0 | |
John Adams General Counsel | 2 | $0 | |
Lori Mancini Secretary | 2 | $0 | |
Michael Oliver Trustee | 5 | $0 | |
Jorge Carmona Executive Director | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,553 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$56,815 |
| Other Revenue | $0 |
| Total Revenue | $64,738 |
| 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 | $1,929 |
| Total expenses | $49,479 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,734 |
| Other assets | $0 |
| Total assets | $54,734 |
| Total liabilities | $0 |
| Net assets or fund balances | $54,734 |
Grants Awarded
Over the last fiscal year, Spellbound Community Giving Corp has awarded $40,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Mount Holly, NJ | | $20,000 |
MOUNT HOLLY NJ K-9 UNIT | | | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |
Giving Tuesday Inc Brooklyn, NY | $1,987,227 | $3,527,479 |
The Meg And Bennett Goodman Family Foundation Jenkintown, PA | $50,458,470 | $11,004,981 |
The Meringoff Family Foundation Inc New York, NY | $455,360 | $3,000,005 |
Newark Alliance Inc Newark, NJ | $3,740,799 | $2,492,723 |