Sales Executive Club Of New Jersey Foundation
- Assets
- $0.0
- Revenue
- $178.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 09/1963
- Data as of
- 03/2024
- 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 03/2024, Sales Executive Club Of New Jersey Foundation generated $178.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $104.5k during the year ending 03/2024. While expenses have increased by 2.9% per year over the past 9 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 45 individual grants totaling $671,000. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINAL RETURN PRIVATE FOUNDATION STATUS WAS TERMINATED. THE SALES EXECUTIVE CLUB OF NEW JERSEY FOUNDATION WHICH SUPPORTED THE OVERALL EDUCATIONAL PURPOSES OF THE RUTGERS UNIVERSITY GRADUATE SCHOOL OF BUSINESS AND MANAGEMENT HAS TURNED FUNDS OVER TO A DONOR ADVISED 501C3 FUND WITH THE COMMUNITY FOUNDATION OF NEW JERSEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John B Wilson Sec. / Trea. | 0 | $0 | |
Richard A Romano Deceased 112022 President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,231 |
| 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 | $146,999 |
| Total Revenue | $178,230 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,475 |
| Total operating and administrative expenses | $24,475 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $104,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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, Sales Executive Club Of New Jersey Foundation has awarded $80,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE RUTGERS FOUNDATION PURPOSE: SCHOLARSHIP | $30,000 |
THE RUTGERS FOUNDATION PURPOSE: 2024 BUSINESS PLAN COMPETITION | $50,000 |