Gmc Foundation Inc
- Assets
- $1.9m
- Revenue
- $664.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Jersey City, NJ
- Founding
- 08/1998
- Data as of
- 12/2021
- EIN
- 31-1581087
Organization Overview
Gmc Foundation Inc is located in Jersey City, NJ. The organization was established in 1998. According to its NTEE Classification (X40) the organization is classified as: Islam, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Gmc Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gmc 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, Gmc Foundation Inc generated $664.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $130.4k during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 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 ESTABLISH AND MAINTAIN PLACE OF WORSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED PLACE OF PUBLIC WORSHIP & CONDUCTED COMMUNITY SERVICE WITH THE TEACHING OF OUR RELIGIOUS BELIEF
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abdul R Chaudhry Trustee | Trustee | 24 | $0 |
Muhammad R Chaudhry Trustee | Trustee | 24 | $0 |
Muhmmad L Shahid Trustee | Trustee | 50 | $0 |
Mukhtar A Chaudhry Trustee | Trustee | 24 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $664,248 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $664,248 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $664,248 |
| 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 | $0 |
| 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 | $0 |
| All other expenses | $108,107 |
| Total functional expenses | $130,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,072 |
| Savings and temporary cash investments | $0 |
| 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 | $30,599 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,601,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,917,567 |
| Accounts payable and accrued expenses | $2,643 |
| 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 | $0 |
| Total liabilities | $2,643 |
| Net assets without donor restrictions | $1,914,924 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,917,567 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Federation Of Italian American Org Of Brooklyn Ltd Brooklyn, NY | $18,192,527 | $6,779,370 |
Islamic Education Foundation Of New Jersey Inc Wayne, NJ | $1,524,545 | $3,505,932 |
Islamic Circle Of North America Inc Jamaica, NY | $9,118,445 | $4,060,326 |
Islamic Society Of Central Jersey Monmouth Junction, NJ | $16,726,193 | $2,240,124 |
Tarbiyah Sch Inc Newark, DE | $15,175 | $1,151,857 |
Muslim Federation Of New Jersey Inc Jersey City, NJ | $544,486 | $732,548 |
Baitul Mamur Masjid & Community Brooklyn, NY | $2,549,551 | $1,074,835 |
Hillside Islamic Center New Hyde Park, NY | $5,622,658 | $1,466,226 |
Muslim Foundation Inc Somerset, NJ | $11,328,320 | $1,328,234 |
Yam Hachesed Vhatorah Monsey, NY | $241,102 | $613,530 |
Parkchester Islamic Center Inc Bronx, NY | $532,502 | $876,383 |
Masjidullah Incorporated Philadelphia, PA | $2,159,915 | $660,035 |