Solid Foundation Skatepark Inc
- Assets
- $50.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 6
- Location
- Paterson, NJ
- Founding
- 01/2012
- Data as of
- 09/2021
- EIN
- 77-0617835
Organization Overview
Solid Foundation Skatepark Inc is located in Paterson, NJ. The organization was established in 2012. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 09/2021, Solid Foundation Skatepark Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solid Foundation Skatepark 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 09/2021, Solid Foundation Skatepark Inc generated $179.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $188.5k during the year ending 09/2021. While expenses have increased by 4.5% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
MAJOR SERVICE ACCOMPLISHMENTS, 2021 WAS A MILESTONE YEAR FOR US. WE ACQUIRED OUR FIRST INDOOR SPACE TO TRANSFORM INTO OUR SOLID HQ AND YOUTH CENTER WITH WEEKLY SKATEBOARDING EVENTS, PROGRAMS AND A PLACE WHERE KIDS CAN STOP BY ANY TIME. IN THE PAST MONTHS, WE'VE SEEN: THE AVERAGE SKATER SPENT 384 HOURS WITH US AT THE SOLID HQ. IT TOOK 48 DAYS TO CLEAN, PREP AND MOVE INTO THE SPACE - ALL WHILE TEACHING NEW SKILLS AND EMPOWERING OUR SKATERS TO HELP CREATE SOMETHING AMAZING FOR OUR COMMUNITY. ON A WEEKLY BASIS, THE SOLID HQ SEES OVER 60 YOUNG PEOPLE AT OUR MONDAY AND WEDNESDAY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Wolfe Executive Di | 40 | $75,190 | |
Jason Romine Board Chair | 2 | $0 | |
Dennis Mcgrath Treasurer | 2 | $0 | |
Jonathan Spoelstra Secretary | 2 | $0 | |
Marques Johnson Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,956 |
| Total Program Service Revenue | $10,258 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $179,214 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $122,839 |
| Professional fees and other payments to independent contractors | $2,025 |
| Occupancy, rent, utilities, and maintenance | $18,608 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $45,007 |
| Total expenses | $188,479 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,638 |
| Other assets | $0 |
| Total assets | $50,638 |
| Total liabilities | $41,397 |
| Net assets or fund balances | $9,241 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Solid Foundation Skatepark Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Columbia Bank Foundation Fair Lawn, NJ PURPOSE: COMMUNITY INVESTMENT AND ECONOMIC DEVELOPMENT PROGRAMS | $5,000 |
Columbia Bank Foundation Fair Lawn, NJ PURPOSE: CHARITABLE GIVING | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspira Inc Of Pennsylvania Philadelphia, PA | $16,896,454 | $35,689,519 |
Imentor Incorporated New York, NY | $37,583,739 | $20,234,827 |
Jpc Charities Newark, NJ | $110,330,624 | $14,483,540 |
West Side Center For Community Life Inc New York, NY | $9,114,399 | $14,422,692 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Deal Sephardic Youth Center Inc Oakhurst, NJ | $15,545,893 | $7,918,218 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |
Nyc Kids Rise Inc Long Island City, NY | $4,984,268 | $4,157,127 |
Urban Dove Inc Long Island City, NY | $5,170,319 | $5,441,041 |
Zichron Chaim Inc Monsey, NY | $8,440,547 | $4,476,093 |