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← WOMENS FOUNDATION OF NEW JERSEY A NJ NONPROFIT CORPORATION

Form 990 for tax year 2023

Filed by WOMENS FOUNDATION OF NEW JERSEY A NJ NONPROFIT CORPORATION.

Totals

Total revenue
$68,104
Total expenses
$161,592
Contributions and grants received
$49,936
Grants paid
$103,046
Program service revenue
$0
Investment income
$13,031
Other revenue
$5,137
Total assets, end of year
$844,723
Total liabilities, end of year
$1,509
Net assets or fund balances, end of year
$843,214
Program services expenses (Part IX)
$125,591
Management and general expenses
$29,955
Fundraising expenses
$6,046
Program service expenses (Part III)
$125,591

Program services were 77.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $49,936

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $12,243 · related or exempt $0 · unrelated business $0 · excluded $12,243

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $202 · related or exempt $0 · unrelated business $0 · excluded $202

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $281,999 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $281,211 · other assets $0

  • 7c · Gain or loss

    securities $788 · other assets $0

  • 7d · Net gain or loss

    total $788 · related or exempt $0 · unrelated business $0 · excluded $788

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11d · All other revenue

    total $4,935 · related or exempt $4,935 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $4,935

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $103,046 · program services $103,046

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $12,800 · program services $6,400 · management and general $3,200 · fundraising $3,200

  • 11c · Fees: accounting

    total $13,710 · management and general $13,710

  • 11f · Fees: investment management

    total $6,569 · management and general $6,569

  • 11g · Fees: other

    total $9,893 · program services $4,947 · management and general $4,946

  • 13 · Office expenses

    total $1,019 · program services $124 · management and general $321 · fundraising $574

  • 14 · Information technology

    total $6,471 · program services $5,177 · fundraising $1,294

  • 19 · Conferences, conventions and meetings

    total $5,897 · program services $5,897

  • 23 · Insurance

    total $1,209 · management and general $1,209

  • 24a · Other expenses: Credit Card Fees

    total $978 · program services $0 · management and general $0 · fundraising $978

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $238,469 · end of year $136,933

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $2,000

  • 4 · Accounts receivable

    beginning of year $1,505 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $586,649 · end of year $705,790

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,599 · end of year $1,509

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $88,689 · end of year $162,357

  • 28 · Net assets with donor restrictions

    beginning of year $735,335 · end of year $680,857

Mission and programs · 2023

Mission

The Women's Foundation of New Jersey is a charitable organization that fosters philanthropic responses to the needs of our New Jersey community. We do this through research, programs, advocacy and grantmaking.

  • Women United in Philanthropy: In 2021 the Foundation became the fiscal agent for this women's giving circle. Between 2021 & 2022 we accepted a total of $250,000 of transferred cash assets from the previous agent, Bergen County's United Way. During 2023 we awarded grants to the following agencies that support women and children in crisis: The Food Brigade, Center for Hope and Safety, Geriatric Services Inc., and the Women's Rights Information Center.

    Expenses $125,524 · Grants $103,046 · Revenue $45,550

  • Action Against Hunger: This program delivered approximately 31,800 pounds of food to local food banks and pantries in 2019, but the food drive was suspended in 2020-2023 due to the COVID-19 pandemic. However, the Foundation continued to raise funds via its website to help feed its North Jersey neighbors. The Foundation raised $3,624 for this effort in 2023.

    Expenses $67 · Revenue $3,624

  • Disaster Response: Established after September 11, 2001, the Foundation's disaster response initiative awards grants to help in times of community crisis (e.g. COVID)

As filed on the 2023 return.

Listed in Part VII

  • Maxine Frampton

    Chair

    Total calculated
    $0
    Hours/week
    5

  • Jennifer A Borg

    Vice President & Secretary

    Total calculated
    $0
    Hours/week
    2

  • Gina Plotino

    Vice President & Treasurer

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • The Food Brigade

    $40,000

    To strengthen and expand their home delivery food program by purchasing a commercial vehicle for home deliveries of food, infant and adult diapers, and feminine hygiene products to mothers and families.

  • Center for Hope & Safety

    $38,843

    To support a program to provide financial literacy and advocacy as well as housing advocacy services to help clients take steps toward financial independence and housing stability.

  • Geriatric Services Inc

    $21,703

    To support a program to address the financial challenges of retirement age women by providing a retirement-security education, counseling services, and one-on-one money management assistance.

Provenance

Return type
form_990
Tax year
2023
Filed
12 April 2024
IRS schema version
2023v5.0
Source object
202441039349301124

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