Somerville Elks Charitable Trust
- Assets
- $340.4k
- Revenue
- $163.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Bridgewater, NJ
- Founding
- 12/2011
- Data as of
- 03/2022
- EIN
- 45-1715479
Organization Overview
Somerville Elks Charitable Trust is located in Bridgewater, NJ. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public 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. Somerville Elks Charitable Trust 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 03/2022, Somerville Elks Charitable Trust generated $163.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $123.5k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE TRUST IS ORGANZIED FOR CHARITABLE, AND CIVIC PURPOSES, FOR THE BENEFIT OF THE COMMUNITY AT LARGE. THE TRUST IS ORGANZIED TO BE THE CHARITABE FUND RAISING ARM OF THE SOMERVILLE ELKS LODGE. THE CHARITABLE ACTIVITIES PROVIDE SUPPORT AND SUBSIDY TO THE HANDICAPPED CHILDREN'S PROGRAM AT THE ELK'S FACILITIES, WHICH PROVIDE TREATMENTS FOR CHILDREN WITH SPECIAL NEEDS, AND TO VARIOUS FAMILIES AND INSIVIDUALS DEALING WITH CHILDREN OR LOVED ONES WITH SEVERE HANDICAPS OR MEDICAL ISSUES. THE LODGE'S CIVIC ACTIVITIES HELP PROMOTE COMMUNITY PROGRAMS FOR THE BENEFIT OF THE COMMUNITY AT LARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JACK KIDS COMMITTEE-TO PROVIDE SUPPORT AND SUBSIDY TO FAMILIES AND INDIVIDUALS DEALING WITH CHILDREN OR LOVED ONES WITH SEVERE PHYSICAL OR MENTAL HANDICAPS OR MEDICAL ISSUES.
SPECIAL CHILDREN'S COMMITTEE-TO SUPPORT AND SUBSIDIZE THE SPECIAL NEEDS CHILDREN'S PROGRAM AND TO SUPPORT THE SPECIAL NEEDS CHILDRENS CENTER SPONSER BY THE ELK'S LODGE.
YOUTH ACTIVITIES COMMITTEE-TO ADMINISTER PROGRAMS DESIGNED TO GIVE LOCAL CHILDREN A FUN AND EDUCATIONAL EXPERIANCE AS WELL AS A SAFE PLACE TO GO AND BE THEMSELVES.
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 |
|---|---|---|---|
Keith Grade Exalted Ruler | OfficerTrustee | 0 | $0 |
Morton Lazarus Treasurer | Officer | 0 | $0 |
Lyndsay Werner Trustee | Trustee | 0 | $0 |
Carmen Rotella Trustee | Trustee | 0 | $0 |
Tim Burns Trustee | Trustee | 0 | $0 |
Donna Donte Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,214 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,928 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,142 |
| Total Program Service Revenue | $0 |
| Investment income | $4,276 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,120 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $163,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $91,700 |
| 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 | $3,000 |
| 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 | $1,703 |
| 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 | $0 |
| Total functional expenses | $123,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,719 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $121,709 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $340,428 |
| 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 | $250 |
| Total liabilities | $250 |
| Net assets without donor restrictions | $16,314 |
| Net assets with donor restrictions | $323,864 |
| 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 | $340,428 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Somerville Elks Charitable Trust has recieved totaling $38.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $38 |
Endowment Analysis
| Beg. Balance | $83,910 |
| Earnings | $4,276 |
| Admin Expense | $4,276 |
| Ending Balance | $83,910 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |