Canal Society Of New Jersey
- Assets
- $6.4m
- Revenue
- $123.8k
- Investments
- $6.2m
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 01/1975
- Data as of
- 12/2023
- EIN
- 23-7263028
Organization Overview
Canal Society Of New Jersey is located in Morristown, NJ. The organization was established in 1975. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canal Society Of New Jersey 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, Canal Society Of New Jersey generated $123.8k 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 (30.0%) each year. All expenses for the organization totaled $285.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
HISTORICAL EDUCATIONAL PROGRAMS FOR THE BENEFIT OF THE GENERAL PUBLIC
PROVIDING SIGNAGE TO HISTORICAL SITES (BOONTON IRONWORKS) TO ASSIST PUBLIC IN IDENTIFYING ARTIFACTS ON-SITE AND RESTORATION PROJECTS
STORAGE OF ARTIFACTS TO BE USED FOR EDUCATION OF THE PUBLIC FOR FUTURE USAGES
MEMBERSHIP SUPPORT PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Macasek President | 25 | $0 | |
Judith Keith Director | 2 | $0 | |
Bierce Riley Director | 2 | $0 | |
Steve Lauf Director | 2 | $0 | |
Carl Loutzenheiser Recording Secretary | 2 | $0 | |
Tim Roth Vice-President | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,571 |
| Interest on Savings | $17,523 |
| Dividends & Interest | $60,687 |
| 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 | $362 |
| Other Income | $28,686 |
| Total Revenue | $123,829 |
| 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 | $339 |
| Occupancy | $55,586 |
| Travel, conferences, and meetings | $2,510 |
| Printing and publications | $16,627 |
| Other expenses | $89,942 |
| Total operating and administrative expenses | $285,715 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $285,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,522 |
| Savings and temporary cash investments | $249,570 |
| 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 | $1,867 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $647 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,161,581 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,241 |
| Total assets | $6,439,428 |
| Accounts payable and accrued expenses | $2,830 |
| 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 | $2,830 |
Grants Awarded
Over the last fiscal year, Canal Society Of New Jersey has awarded $2,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
D&R CANAL WATCH PURPOSE: TO FOSTER DONEE PROGRAMS | $2,500 |
LAKE HOPATCONG FOUNDATION PURPOSE: TO FOSTER DONEE PROGRAMS | $100 |