New Jersey Natural Gas Company Charity
- Assets
- $10.2m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Wall, NJ
- Founding
- 06/2002
- Data as of
- 09/2021
- EIN
- 22-3828939
Organization Overview
New Jersey Natural Gas Company Charity is located in Wall, NJ. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Natural Gas Company Charity 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 09/2021, New Jersey Natural Gas Company Charity generated $10.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 50.3% each year . All expenses for the organization totaled $1.7m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, New Jersey Natural Gas Company Charity has awarded 300 individual grants totaling $1,640,867. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE PANDEMIC, THE CHARITY MADE MEDIA ANNOUNCEMENTS ALERTING NEW JERSEY RESIDENTS TO 200 LOCAL CHARITIES THAT WERE AVAILABLE TO ASSIST PERSONS IN NEED.
THE CHARITY FACILITATES AFTER SCHOOL TUTORING AND MENTORSHIP ACTIVITIES AND PROVIDES EDUCATIONAL MATERIALS, SERVING APPROXIMATELY 1,060 YOUTH EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Westhoven Chairman, President & CEO | 0 | $0 | |
Mark Kahrer SVP & Cfo, Trustee | 0 | $0 | |
Amanda Mullan SVP | 0 | $0 | |
Nancy Washington SVP & General Counsel (end 5/2021) | 0 | $0 | |
Richard Reich SVP & General Counsel, Trustee | 0 | $0 | |
Thomas F Hayes Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,200,000 |
| Interest on Savings | $234 |
| Dividends & Interest | $0 |
| 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 | $0 |
| Total Revenue | $10,200,234 |
| 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 | $58,500 |
| Total operating and administrative expenses | $81,179 |
| Contributions, gifts, grants paid | $1,640,867 |
| Total expenses and disbursements | $1,722,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,048 |
| Net Accounts receivable | $10,200,000 |
| 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 | $12,168 |
| 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 | $10,232,216 |
| Accounts payable and accrued expenses | $47,394 |
| 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 | $47,394 |
Grants Awarded
Over the last fiscal year, New Jersey Natural Gas Company Charity has awarded $1,640,867 in support to 300 organizations.
| Grant Recipient | Amount |
|---|---|
CONSERVE TO PRESERVE FOUNDATION INC PURPOSE: ENVIRONMENTAL | $718,000 |
UNITED WAY OF MONMOUTH AND OCEAN COUNTIES PURPOSE: HUMAN SERVICES | $177,354 |
GIFT OF WARMTH FUND PURPOSE: GIFT OF WARMTH | $80,000 |
Asbury Park, NJ PURPOSE: HUMAN SERVICES | $50,000 |
HOMES FOR ALL INC PURPOSE: HUMAN SERVICES | $35,000 |
MORRIS HABITAT FOR HUMANITY PURPOSE: HUMAN SERVICES | $27,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Brooklyn Community Foundation Brooklyn, NY | $117,862,940 | $42,787,989 |
The@macmillan Family Foundation Inc New York, NY | $313,323,783 | $55,336,840 |
Foundation For Opioid Response Efforts New York, NY | $121,364,686 | $9,522,193 |
Friends Of Ahavat Shalom Inc Monsey, NY | $3,129,424 | $10,586,531 |
Barnett & Annalee Newman Foundation Tr New York, NY | $11,118,262 | $1,105,539 |
Zimmer Family Foundation Inc Saddle River, NJ | $21,093,817 | $10,817,000 |
Citizen Of Burma Award Organization Inc Jackson Heights, NY | $195,993 | $9,716,460 |
Cullen Foundation Buffalo, NY | $115,865,929 | $16,357,498 |