Foundation Of Shalom Park Inc

Organization Overview

Foundation Of Shalom Park Inc is located in Charlotte, NC. The organization was established in 1982. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Foundation Of Shalom Park Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of Shalom Park 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, Foundation Of Shalom Park Inc generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 6.2% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO OWN, OPERATE, MAINTAIN, RENOVATE AND CONSTRUCT THE PROPERTIES & FACILITIES OF SHALOM PARK ON BEHALF OF THE JEWISH COMMUNITY.

Describe the Organization's Program Activity:

PROVIDES FACILITIES FOR THE RELIGIOUS, EDUCATIONAL, AND RECREATIONAL BENEFIT OF MEMBERS OF THE JEWISH COMMUNITY AND OTHER LOCAL RESIDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Richard Glaser
President
$0
Jennifer Collman
Secretary
$0
Todd Gorelick
Vice President
$0
Mark Stier
Treasurer
$0
Adam Bernstein
Vice President
$0
Terri Beattie
Executive Dir.
$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$618,394
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$618,394
Total Program Service Revenue$3,480,724
Investment income $146
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 $4,099,264

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Foundation Of Shalom Park Inc has recieved totaling $1,332,493.

Awarding OrganizationAmount
United Jewish Charities Of Greater Charlotte Inc

Charlotte, NC

PURPOSE: Rent Subsidies for Jewish agencies

$478,422
Foundation For The Carolinas

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$430,940
Foundation For The Charlotte Jewish Community

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$420,000
Salant Family Foundation Tr Eu R Salant Rev Tr Uad 102009

Kannapolis, NC

PURPOSE: FURTHER EXEMPT FUNCTION

$500
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$500
Barbara & Jerry Levin Charitable Foundation

Charlotte, NC

PURPOSE: GENERAL PURPOSE

$360
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$9,307,733
Earnings$1,167,694
Admin Expense$79,913
Other Expense$420,000
Ending Balance$9,975,514

Peer Organizations

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