German Christmas Market Of New Jersey Foundation Inc
- Assets
- $220.3k
- Revenue
- $467.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Sparta, NJ
- Founding
- 04/2018
- Data as of
- 03/2024
- EIN
- 82-1674581
Organization Overview
German Christmas Market Of New Jersey Foundation Inc is located in Sparta, NJ. The organization was established in 2018. According to its NTEE Classification (T31) the organization is classified as: Community 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. German Christmas Market Of New Jersey 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 03/2024, German Christmas Market Of New Jersey Foundation Inc generated $467.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $429.5k during the year ending 03/2024. While expenses have increased by 18.5% 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.
Since 2019, German Christmas Market Of New Jersey Foundation Inc has awarded 150 individual grants totaling $381,470. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S ONLY DIRECT CHARITABLE ACTIVITY IS CONDUCTING THE ANNUAL GERMAN CHRISTMAS MARKET THE FIRST WEEKEND IN DECEMBER. THE EVENT FEATURES VENDORS SELLING CRAFTS, CLOTHING AND AUTHENTIC GERMAN CUISINE. THERE ARE ALSO ACTIVITES FOR CHILDREN INCLUDING VISITS WITH SANTA. THE EVENT DRAWS APPROXIMATELY 30,000 PEOPLE OVER THE WEEKEND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Foy Vice President | 10 | $0 | |
Judy Beelaert Trustee | 10 | $0 | |
Sabine Watson President | 10 | $0 | |
Daniel Sarnowski Trustee | 10 | $0 | |
Dawnice Lafave Treasurer | 10 | $0 | |
Sandra Meyer Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $38,690 |
| Interest on Savings | $16 |
| Dividends & Interest | $0 |
| 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 | $91,897 |
| Other Income | $337,239 |
| Total Revenue | $467,842 |
| 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 | $0 |
| Occupancy | $25,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $282,528 |
| Total operating and administrative expenses | $307,528 |
| Contributions, gifts, grants paid | $122,020 |
| Total expenses and disbursements | $429,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,419 |
| Savings and temporary cash investments | $134,831 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $220,250 |
| Accounts payable and accrued expenses | $1,225 |
| 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 | $1,225 |
Grants Awarded
Over the last fiscal year, German Christmas Market Of New Jersey Foundation Inc has awarded $122,020 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
DOMESTIC ABUSE SERVICES INC PURPOSE: SEASON OF HEALING PROGRAM. | $5,000 |
SUSSEX COUNTY CHILDRENS ADVOCACY CE PURPOSE: TO PROVIDE A HOLIDAY PARTY FOR GINNIE'S HOUSE CLIENTS AND PARTNER AGENCIES. | $2,500 |
KAREN ANN QUINLAN MEMORIAL FOUNDATI PURPOSE: TO SERVE PALLIATIVE CARE PATIENTS IN NORTHWEST NEW JERSEY. | $5,000 |
MANNA HOUSE INC PURPOSE: SUPPORT FOR ORGANIZATION WHICH PROVIDES A FREE DAILY MEAL TO HOMELESS, ELDERLY, ETC. | $5,000 |
BIRTH HAVEN PURPOSE: A NEW BEGINNING PROGRAM. TRANSITIONAL LIVING FOR HOMELESS, PREGNANT WOMEN. | $4,500 |
NORTHERN NJ VETERANS MEMORIAL CEMET PURPOSE: FUNDING FOR PHASE II OF VETERANS CEMETERY. | $3,500 |