Monmouth Regional Chamber Of Commerce Education Foundation
- Assets
- $3.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Freehold, NJ
- Founding
- 10/2006
- Data as of
- 12/2017
- EIN
- 20-1665510
Organization Overview
Monmouth Regional Chamber Of Commerce Education Foundation is located in Freehold, NJ. The organization was established in 2006. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monmouth Regional Chamber Of Commerce Education 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 12/2017, Monmouth Regional Chamber Of Commerce Education Foundation generated $7.3k 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 (3.6%) each year. All expenses for the organization totaled $6.2k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (2.8%) 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
2017
Describe the Organization's Program Activity:
Part 3
THE GMCC EDUCATION FOUNDATION INC. SUPPORTS YOUTH DEVELOPMENT PROGRAMS INCLUDING BUT NOT LIMITED TO "TEAM CHALLENGE", AN ANNUAL PROGRAM CURRENTLY DESIGNED TO TEACH TEENS ETHICAL PRINCIPLES AND THEIR PRACTICAL APPLICATION IN A COOPERATIVE SETTING AND ENCOURAGE STUDENTS, TEACHERS AND BUSINESS PEOPLE TO BUILD TEAMS TO ADDRESS REGIONAL ISSUES, IN ADDITION TO PRESENTING PUBLIC DISCUSSION GROUPS, FORUMS, PANELS AND SIMILAR PROGRAMS, AND SUPPORTING THE EDUCATION COMMITTEE CONSISTING OF CHAMBER MEMBERS WORKING WITH AREA EDUCATORS TO DEVELOP OPEN LINES OF COMMUNICATIONS BETWEEN BUSINESS AND EDUCATION COMMUNITIES IN AN EFFORT TO ENHANCE OPPORTUNITIES FOR BOTH EMPLOYERS AND THE FUTURE WORK FORCE OF THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mccarthy Immediate Pa | 0 | $0 | |
Tamer Gouda Vice Chair | 0.38 | $0 | |
Robert Fleishman Vice Chair | 0 | $0 | |
Kevin Fenstermacher Boad Member | 0.38 | $0 | |
Edith Legg Vice Chair | 0.96 | $0 | |
Shari Canell CPA Board Member | 0.76 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,250 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $7,252 |
| 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 | $5,229 |
| Total expenses | $6,229 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,314 |
| Other assets | $0 |
| Total assets | $3,314 |
| Total liabilities | $59 |
| Net assets or fund balances | $3,255 |