Sales Executive Club Of New Jersey Foundation
- Assets
- $1.7m
- Revenue
- $80.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 09/1963
- Data as of
- 03/2022
- EIN
- 22-1714041
Organization Overview
Sales Executive Club Of New Jersey Foundation is located in Morristown, NJ. The organization was established in 1963. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Sales Executive Club Of New Jersey 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 03/2022, Sales Executive Club Of New Jersey Foundation generated $80.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $169.4k during the year ending 03/2022. While expenses have increased by 11.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sales Executive Club Of New Jersey Foundation has awarded 38 individual grants totaling $539,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SALES EXECUTIVE CLUB OF NEW JERSEY FOUNDATION SUPPORTS THE OVERALL EDUCATIONAL PURPOSES OF THE RUTGERS UNIVERSITY GRADUATE SCHOOL OF BUSINESS AND MANAGEMENT IN THE FOLLOWING FOUR WAYS: 1. PRIZES FOR AN ANNUAL BUSINESS PROJECT COMPETITION 2. GRANTS TO RUTGERS UNIVERSITY FOUNDATION TO FUND SCHOLARSHIPS ISSUED BY THE SAME 3. ONE ANNUAL AWARD PRESENTED AT GRADUATION 4. CONSTRUCTION SUPPORT FOR THE RUTGERS UNIVERSITY GRADUATE SCHOOL OF BUSINESS AND MANAGEMENT THE SALES EXECUTIVE CLUB OF NEW JERSEY FOUNDATION IS IN NO WAY INVOLVED IN THE SELECTION OF STUDENTS RECEIVING SCHOLARSHIPS. IT MERELY GIVES MONEY TO THE RUTGERS UNIVERSITY FOUNDATION TO BE ADDED TO A POOL OF SCHOLARSHIP FUNDS DIRECTED BY THAT ORGANIZATION. THE RUTGERS UNIVERSITY FOUNDATION ITSELF IS A 501(C)(3) ORGANIZATION THAT RECEIVES GIFTS FROM THE PUBLIC AND DISTRIBUTES THEM FOR VARIOUS EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard A Romano President | 0 | $0 | |
John B Wilson Sec. / Trea. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $55,176 |
| 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 | $25,760 |
| Total Revenue | $80,936 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $484 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,425 |
| Total operating and administrative expenses | $24,409 |
| Contributions, gifts, grants paid | $145,000 |
| Total expenses and disbursements | $169,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,653,054 |
| 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 | $116 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,653,170 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $50,000 |
| 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 | $50,000 |
Grants Awarded
Over the last fiscal year, Sales Executive Club Of New Jersey Foundation has awarded $145,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Jersey City, NJ PURPOSE: SCHOLARSHIP | $65,000 |
THE RUTGERS FOUNDATION PURPOSE: SCHOLARSHIP | $30,000 |
ANDREW STRAFACI PURPOSE: 2022 BUSINESS PLAN COMPETITION | $20,000 |
SMART MS3 DELAWARE INC PURPOSE: 2022 BUSINESS PLAN COMPETITION | $10,000 |
MATTHEW MCQUEENY PURPOSE: 2022 BUSINESS PLAN COMPETITION | $7,500 |
JASON MILLER PURPOSE: 2022 BUSINESS PLAN COMPETITION | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sales Executive Club Of New Jersey Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |