Jon Bon Jovi Soul Foundation
- Assets
- $3.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 19
- Location
- Philadelphia, PA
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 20-5036346
Organization Overview
Jon Bon Jovi Soul Foundation is located in Philadelphia, PA. The organization was established in 2007. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Jon Bon Jovi Soul Foundation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jon Bon Jovi Soul 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, Jon Bon Jovi Soul Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jon Bon Jovi Soul Foundation has awarded 25 individual grants totaling $2,776,525. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BREAKING THE CYCLE OF POVERTY, HOMELESSNESS, AND HUNGER IN COMMUNITIES ACROSS AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN OCTOBER 2011, THE FOUNDATION OPENED ITS FIRST JBJ SOUL KITCHEN IN RED BANK, NEW JERSEY, TO ADDRESS LOCAL ISSUES OF FOOD INSECURITY. A SECOND JBJ SOUL KITCHEN OPENED IN MAY 2016 IN TOMS RIVER, NEW JERSEY, AS PART OF THE B.E.A.T. CENTER, A UNIQUE, COLLABORATIVE EFFORT WITH OTHER NONPROFITS. A THIRD LOCATION OPENED IN JANUARY 2020 ON THE CAMPUS OF RUTGERS UNIVERSITY - NEWARK, NEW JERSEY TO ADDRESS THE ISSUE OF HUNGER ON COLLEGE CAMPUSES. THE COMMUNITY KITCHENS HAVE SERVED OVER 147,200 NUTRITIOUS, DELICIOUS MEALS SINCE THEIR INCEPTION AND HAVE SERVED 53% OF THEIR MEALS TO IN-NEED DINERS. PAYING DINERS CAN AFFECT CHANGE BY PAYING MORE THAN THE SUGGESTED MINIMUM DONATION BY "PAYING IT FORWARD". FOR THOSE WHO ARE UNABLE TO MAKE A DONATION FOR THEIR MEAL, THEY ARE INVITED TO COME IN, ENJOY A MEAL AND LEARN HOW THEY CAN BE PART OF THE JBJ SOUL KITCHEN COMMUNITY BY VOLUNTEERING.
PROGRAM GRANTS AND EXPENSES FOR AFFORDABLE HOUSING AND ADDRESSING FOOD INSECURITY ASSOCIATED WITH THE ORGANIZATION'S MISSION OF WORKING TO SUPPORT THOSE EXPERIENCING HOMELESSNESS. THIS YEAR A FOCUS WAS DIRECTED TOWARD PROVIDING FUNDING FOR THE CREATION OF AFFORDABLE HOUSING AND SHELTER FOR ELDERLY, VETERANS, AND THOSE SUFFERING FROM ADDICTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Goldfarb Exec. Dir, Asst. Treasurer | Officer | 40 | $95,192 |
Craig Spencer Board Vice-Chairman | OfficerTrustee | 5 | $0 |
Jon Bon Jovi Board Chairman | OfficerTrustee | 5 | $0 |
Mimi Box Board Vice-President | OfficerTrustee | 5 | $0 |
Steve Perna Board Vice-President | OfficerTrustee | 5 | $0 |
Paul Korzilius Board Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,865 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $967,331 |
| Noncash contributions included in lines 1a–1f | $166,395 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,010,196 |
| Total Program Service Revenue | $335,272 |
| Investment income | $90,020 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,060 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,456,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $132,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,192 |
| Compensation of current officers, directors, key employees. | $15,802 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $534,892 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,739 |
| Payroll taxes | $111,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $425 |
| Fees for services: Accounting | $12,155 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,621 |
| Fees for services: Other | $4,730 |
| Advertising and promotion | $6,644 |
| Office expenses | $20,204 |
| Information technology | $20,599 |
| Royalties | $0 |
| Occupancy | $83,585 |
| Travel | $4,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,704 |
| Insurance | $30,877 |
| All other expenses | $44,029 |
| Total functional expenses | $1,402,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $357,915 |
| Savings and temporary cash investments | $794,735 |
| Pledges and grants receivable | $26,791 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,512 |
| Net Land, buildings, and equipment | $25,997 |
| Investments—publicly traded securities | $2,182,840 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,873 |
| Other assets | $4,413 |
| Total assets | $3,427,076 |
| Accounts payable and accrued expenses | $21,875 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $21,875 |
| Net assets without donor restrictions | $3,375,754 |
| Net assets with donor restrictions | $29,447 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,427,076 |
Grants Awarded
Over the last fiscal year, Jon Bon Jovi Soul Foundation has awarded $132,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Hoboken, NJ PURPOSE: GRANT FOR PHASE II - 18 APARTMENTS FOR HOMELESS VETERANS IN HUDSON COUNTY | $100,000 |
Red Bank, NJ PURPOSE: GRANT FOR JBJ & PBC HOPE & COMFORT WARMING CENTER FOR 2021 | $32,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Jon Bon Jovi Soul Foundation has recieved totaling $44,275.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,107 |
Higher Ground Foundation Inc Elkins Park, PA PURPOSE: FOR GENERAL SUPPORT OF THE ORGANIZATION. | $10,000 |
International Union Of Painters And Allied Trades Springfield, NJ PURPOSE: CONTRIBUTION | $8,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $5,800 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $2,136 |
Brunetti Foundation Hialeah, FL PURPOSE: ASSIST INPURPOSE OF CHARITABLE ORGANIZATIONS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |