Phillipsburg Garnet Booster Club Foundation
- Assets
- $164.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Phillipsburg, NJ
- Founding
- Data as of
- 12/2021
- EIN
- 84-4480094
Organization Overview
Phillipsburg Garnet Booster Club Foundation is located in Phillipsburg, NJ. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phillipsburg Garnet Booster Club 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, Phillipsburg Garnet Booster Club Foundation generated $40.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (51.3%) each year. All expenses for the organization totaled $25.2k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
TO RAISE CAPITAL IN ORDER TO FURNISH DIRECT FINANCIAL SUPPORT TO PHILLIPSBURG HIGH SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Holloway Vice Preside | 2.5 | $0 | |
Ted Vegh President | 2.5 | $0 | |
George DE Furia Secretary | 2.5 | $0 | |
Matt Todaro Treasurer | 2.5 | $0 | |
Justin Vegh Trustee | 0.25 | $0 | |
Frank Bigelli Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,192 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $165 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$74,451 |
| Other Revenue | $0 |
| Total Revenue | $40,906 |
| 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 | $2,750 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,574 |
| Total expenses | $25,192 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $164,595 |
| Other assets | $0 |
| Total assets | $164,595 |
| Total liabilities | $0 |
| Net assets or fund balances | $164,595 |
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