Hudson County Bar Foundation
- Assets
- $1.4m
- Revenue
- $197.2k
- Investments
- $70.0k
- Employees
- 0
- Location
- Jersey City, NJ
- Founding
- 10/1964
- Data as of
- 12/2021
- EIN
- 22-6064417
Organization Overview
Hudson County Bar Foundation is located in Jersey City, NJ. The organization was established in 1964. According to its NTEE Classification (I12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson County Bar 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 12/2021, Hudson County Bar Foundation generated $197.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $174.0k during the year ending 12/2021. While expenses have increased by 7.9% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SCHOLARSHIP FUNDS TO INDIVIDUALS ALLOWING FOR ADVANCEMENT BY THOSE INDIVIDUALS IN THE PURSUIT OF STUDY TO BECOME ATTORNEYS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP GRANTS FOR TUITION AND BENEFITS TO THOSE PEOPLE REQUIRING LEGAL SERVICES BY SUPPORT OF HUDSON COUNTY BAR ASSOCIATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald H Baker Treasurer | OfficerTrustee | $0 | |
Norberto A Garcia Trustee | OfficerTrustee | $0 | |
Stephen J Mccurrie Vice Preside | OfficerTrustee | $0 | |
Judith Bielan Vice Preside | OfficerTrustee | $0 | |
Eugene P O'connell Trustee | OfficerTrustee | $0 | |
Kathleen A Walrod President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,941 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,941 |
| Total Program Service Revenue | $0 |
| Investment income | $22,225 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,491 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $197,193 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,338 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,974 |
| All other expenses | $0 |
| Total functional expenses | $173,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,776 |
| Savings and temporary cash investments | $1,116,611 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $70,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,402,387 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $173,753 |
| Total liabilities | $173,753 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,228,634 |
| Total liabilities and net assets/fund balances | $1,402,387 |
Grants Awarded
Over the last fiscal year, Hudson County Bar Foundation has awarded $17,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RUTGERS LAW SCHOOL | | | $10,000 |
SETON HALL LAW SCHOOL | | | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hudson County Bar Foundation has recieved totaling $10,839.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $10,839 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hebrew Home For The Aged Atriverdale Foundation Inc Bronx, NY | $107,017,435 | $14,129,144 |
Accountable Justice Action Fund Brooklyn, NY | $17,302,951 | $19,744,733 |
Delaware Bar Foundation Wilmington, DE | $3,089,735 | $1,588,325 |
New York Bar Foundation Albany, NY | $14,786,501 | $1,758,419 |
Garden State Law Enforcement Officers Association Tennent, NJ | $465,844 | $988,411 |
We Oppose Violence Everywhere Now Inc New York, NY | $1,021,458 | $822,834 |
Tour De Force Bike Ride Inc Washingtonville, NY | $152,206 | $627,759 |
Erie County Bar Foundation Inc Buffalo, NY | $1,955,351 | $342,420 |
Fork Over Love Kingston, PA | $271,211 | $441,372 |
Hudson County Bar Foundation Jersey City, NJ | $1,402,387 | $197,193 |
Police Unity Tour Chapter 18 Inc Roseland, NJ | $12,386 | $0 |
Margaret E Johnson Annuity Tr No 22301-0 Pittsburgh, PA | $1,643,194 | $16,325 |