Phillipsburg Garnet Booster Club Foundation is located in Phillipsburg, NJ. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phillipsburg Garnet Booster Club Foundation 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 12/2022, Phillipsburg Garnet Booster Club Foundation generated $114.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $112.8k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
TO RAISE CAPITAL IN ORDER TO FURNISH DIRECT FINANCIAL SUPPORT TO PHILLIPSBURG HIGH SCHOOL STUDENTS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Vegh President | 2.5 | $0 | |
Wayne Holloway Vice Preside | 2.5 | $0 | |
George DE Furia Secretary | 2.5 | $0 | |
Matt Todaro Treasurer | 2.5 | $0 | |
Justin Vegh Trustee | 0.25 | $0 | |
Frank Bigelli Trustee | 0.25 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,707 |
| Total Program Service Revenue | $55,972 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $114,684 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,257 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $111,581 |
| Total expenses | $112,838 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $166,441 |
| Other assets | $0 |
| Total assets | $166,441 |
| Total liabilities | $0 |
| Net assets or fund balances | $166,441 |