Southmont Foundation Inc
- Assets
- $335.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- South Orange, NJ
- Founding
- 11/1992
- Data as of
- 12/2023
- EIN
- 22-3146708
Organization Overview
Southmont Foundation Inc is located in South Orange, NJ. The organization was established in 1992. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southmont Foundation Inc 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, Southmont Foundation Inc generated $112.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $132.0k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
EDUCATION AND CHARACTER FORMATION FOR APPROXIMATLY 100 ADULT MEN. 70 TEENAGE BOYS AND 30 PRE TEENAGE BOYS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Coverdale President | 0 | $0 | |
Ernesto Dolores Treasurer | 0 | $0 | |
Justin Mahon Secretary | 0 | $0 | |
Anthony Mccarthy Director | 0 | $0 | |
Donald Rasmusson Director | 0 | $0 | |
Kevin Ward Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vancourt Inc Staffing | 12/30/19 | $103,390 |
Alderton House Staffing | 12/30/19 | $25,644 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,903 |
| Total Program Service Revenue | $10,908 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $7,750 |
| Total Revenue | $112,561 |
| 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 | $58,933 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $73,090 |
| Total expenses | $132,023 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $73,991 |
| Other assets | $0 |
| Total assets | $335,870 |
| Total liabilities | $10,926 |
| Net assets or fund balances | $324,944 |