First Ghanaian Society Of New Jersey
- Assets
- $79.3k
- Revenue
- $12.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 09/2001
- Data as of
- 12/2023
- EIN
- 06-1621855
Organization Overview
First Ghanaian Society Of New Jersey is located in Newark, NJ. The organization was established in 2001. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. First Ghanaian Society Of New Jersey 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, First Ghanaian Society Of New Jersey generated $12.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $14.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (15.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMANASE HEALTH CENTER . COMMUNITY HEALTH SUPPLIES AND HEALTH INSURANCE FOR RURAL COMMUNITY CHILDREN IN GHANA RURAL AREAS
YOUTH EDUCATIONAL AWARD AND EXCURSION TO HISTORICAL SITES BY YOUTHS OF ESSEX COUTY IN NEW JERSEY IT IS TO ENCOURAGE YOUTH DEVELOPMENT.
BACK TO SCHOOL MATERIAL DISTRIBUTION FOR K1 TO K12 OPEN TO ALL CHILDREN IN ESSEX COUNTY COMMUNITY CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Morris Mead President | 8 | $0 | |
Janet Takyi Vice President | 8 | $0 | |
Pearl Glah Treasurer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,417 |
| Interest on Savings | $170 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,587 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $1,250 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,091 |
| Other expenses | $1,134 |
| Total operating and administrative expenses | $4,098 |
| Contributions, gifts, grants paid | $10,311 |
| Total expenses and disbursements | $14,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,474 |
| Savings and temporary cash investments | $21,853 |
| 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 | $79,327 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, First Ghanaian Society Of New Jersey has awarded $10,311 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
OKUAPEMAN UNION OF NEW JERSEY PURPOSE: GHANA CULTURAL DAY CELEBRATION | $200 |
PEARL GLAH PURPOSE: SICK MEMBER NUTRITIONAL ASSISTANCE | $176 |
AMANASE HEALTH CENTER PURPOSE: COMMUNITY HEALTH CENTER SUPPLIES AND HEALTH INSURANCE FOR RURAL COMMUNITY CHILDREN | $3,857 |
YOUTH EDUCATIONAL AWARD PURPOSE: YOUTH EDUCATIONAL AWARD AND HISTORICAL EXCURSION SITES IN US CAPITAL TO ENCOURAGE YOUTH DEVELOPMENT | $2,860 |
BACK TO SCHOOL MATERIALS DISTRIBUTI PURPOSE: BACK TO SCHOOL MATERIALS DISTRIBUTION OPEN TO ALL CHILDREN IN ESSEX COUNTY COMMUNITY IN NEW JERSEY | $3,218 |