Franklin Lakes Youth & Recreation Foundation Inc
- Assets
- $47.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Franklin Lakes, NJ
- Founding
- 02/1994
- Data as of
- 12/2021
- EIN
- 22-3267895
Organization Overview
Franklin Lakes Youth & Recreation Foundation Inc is located in Franklin Lakes, NJ. The organization was established in 1994. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Lakes Youth & Recreation 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 12/2021, Franklin Lakes Youth & Recreation Foundation Inc generated $5.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (28.3%) each year. All expenses for the organization totaled $33.5k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
FRANKLIN LAKES PARKS & RECREATION FOUNDATION PROVIDES GRANTS TO FRANKLIN LAKES' TOWN PARKS FOR CAPITAL IMPROVEMENTS AND TO SUPPLEMENT YOUTH RECREATIONAL PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Miller Board Member | 0.1 | $0 | |
Holly Manuelian Secretary | 0.5 | $0 | |
Mike James Board Member | 0.1 | $0 | |
Mike Bedrin Co-President | 0.5 | $0 | |
Michele Deluccia Co-President | 1.5 | $0 | |
Constantine Skamas Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,532 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,736 |
| Other Revenue | $241 |
| Total Revenue | $5,515 |
| 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 | $1,150 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $226 |
| Other expenses | $4,119 |
| Total expenses | $33,495 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,659 |
| Other assets | $0 |
| Total assets | $47,659 |
| Total liabilities | $0 |
| Net assets or fund balances | $47,659 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Franklin Lakes Youth & Recreation Foundation Inc has recieved totaling $33.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $33 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Deal Sephardic Youth Center Inc Oakhurst, NJ | $15,545,893 | $7,918,218 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |
Nyc Kids Rise Inc Long Island City, NY | $4,984,268 | $4,157,127 |
Urban Dove Inc Long Island City, NY | $5,170,319 | $5,441,041 |
Zichron Chaim Inc Monsey, NY | $8,440,547 | $4,476,093 |
Youthbuild Newark Newark, NJ | $8,371,396 | $7,058,437 |
Man Up Inc Brooklyn, NY | $3,303,421 | $3,938,909 |
Gwens Girls Incorporated Pittsburgh, PA | $4,688,036 | $4,701,406 |
The Philadelphia Education Fund Philadelphia, PA | $9,790,760 | $3,554,527 |