Form 990 for tax year 2022
Filed by BAYONNE ECONOMIC OPPORTUNITY FOUNDATION.
Totals
- Total revenue
- $5,319,829
- Total expenses
- $4,589,622
- Contributions and grants received
- $5,045,665
- Grants paid
- $0
- Program service revenue
- $273,755
- Investment income
- $409
- Other revenue
- $0
- Total assets, end of year
- $2,337,792
- Total liabilities, end of year
- $691,278
- Net assets or fund balances, end of year
- $1,646,514
- Program services expenses (Part IX)
- $3,531,702
- Management and general expenses
- $1,044,868
- Fundraising expenses
- $13,052
- Program service expenses (Part III)
- $3,531,702
Program services were 76.9% 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.
-
1e · Government grants (contributions)
$4,983,317
-
1f · All other contributions, gifts and grants
$62,348
-
2a · Program service revenue: NUTRITION INCOME
total $262,418 · related or exempt $262,418
-
2b · Program service revenue: OTHER PROGRAM REVENUE
total $11,337 · related or exempt $11,337
-
3 · Investment income
total $409 · excluded $409
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $330,315 · program services $270,858 · management and general $59,457
-
7 · Other salaries and wages
total $2,210,343 · program services $1,536,607 · management and general $671,315 · fundraising $2,421
-
9 · Other employee benefits
total $555,763 · program services $429,391 · management and general $126,142 · fundraising $230
-
10 · Payroll taxes
total $214,721 · program services $161,041 · management and general $53,680
-
11a · Fees: management
total $295,241 · program services $295,241
-
11b · Fees: legal
total $10,500 · management and general $10,500
-
11c · Fees: accounting
total $27,296 · management and general $27,296
-
12 · Advertising and promotion
total $12,781 · program services $12,781
-
13 · Office expenses
total $22,635 · program services $22,635
-
16 · Occupancy
total $172,680 · program services $161,589 · management and general $11,091
-
17 · Travel
total $12,207 · program services $12,207
-
19 · Conferences, conventions and meetings
total $13,085 · program services $13,085
-
22 · Depreciation, depletion and amortization
total $30,638 · program services $30,638
-
23 · Insurance
total $120,744 · program services $110,781 · management and general $9,963
-
24a · Other expenses: MATERIALS & SUPPLIES
total $320,185 · program services $305,238 · management and general $4,546 · fundraising $10,401
-
24b · Other expenses: OTHER EXPENSES
total $240,488 · program services $169,610 · management and general $70,878
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,541 · end of year $11,135
-
2 · Savings and temporary cash investments
beginning of year $1,368,392
-
3 · Pledges and grants receivable
beginning of year $179,242 · end of year $198,231
-
9 · Prepaid expenses and deferred charges
beginning of year $18,662 · end of year $15,931
-
10a · Land, buildings and equipment: cost or other basis
$1,904,542
-
10b · Land, buildings and equipment: accumulated depreciation
$1,601,618
-
10c · Land, buildings and equipment, net
beginning of year $296,888 · end of year $302,924
-
11 · Investments: publicly traded securities
beginning of year $82,168 · end of year $75,261
-
15 · Other assets
beginning of year $435,080 · end of year $1,734,310
-
17 · Accounts payable and accrued expenses
beginning of year $123,694 · end of year $316,992
-
19 · Deferred revenue
beginning of year $1,110,879
-
24 · Unsecured notes and loans payable
beginning of year $152,925 · end of year $299,025
-
25 · Other liabilities
beginning of year $82,168 · end of year $75,261
-
27 · Net assets without donor restrictions
beginning of year $525,938 · end of year $1,388,771
-
28 · Net assets with donor restrictions
beginning of year $390,369 · end of year $257,743
Mission and programs · 2022
Mission
TO PROVIDE PROGRAMS GEARED PRIMARILY FOR LOW-INCOME CITIZENS, SENIOR CITIZENS AND HANDICAPPED RESIDENTS OF BAYONNE, NJ.
Activities or mission (Part I)
TO PROVIDE SERVICES TO LOW-INCOME CITIZENS, SENIOR CITIZENS AND HANDICAPPED RESIDENTS OF BAYONNE, NJ THROUGH VARIOUS PROGRAMS SUCH AS HEADSTART, NUTRITION, MEALS ON WHEELS, WEATHERIZATION, TRANSPORATION AND COMMUNITY OUTREACH.
-
TO EMPOWER FAMILIES AND NURTURE AND EDUCATE YOUNG CHILDREN BETWEEN THE AGES OF 3 AND 5. THE PROGRAM IS A COMPREHENSIVE MEDICAL, DENTAL, PSYCHOLOGICAL, NUTRITIONAL AS WELL AS EDUCATIONAL PROGRAM. BEOF HEAD START PARTNERS WITH COMMUNITIES OF UNDERPRIVILEGED CHILDREN IN BAYONNE, NJ. TO ADDRESS THE NEEDS OF SPECIAL NEEDS CHILDREN, THE BEOF OFFERS AN ON-SITE INCLUSION PROGRAM IN COOPERATION WITH THE BAYONNE BOARD OF EDUCATION. DURING THE 2022-23 SCHOOL YEAR THERE WERE 104 CHILDREN ENROLLED IN THE HEAD START PROGRAM, INCLUDING 11 CHILDREN WITH DISABILITIES. DURING THE YEAR THE PROGRAM RECEIVED $428,519 IN IN-KIND SUPPORT, INCLUDING RENT FROM BAYONNE CITY AND VARIOUS CONTRIBUTED EDUCATIONAL AND PROFESSIONAL SERVICES.
Expenses $2,224,973
-
TO PROVIDE ASSISTANCE TO LOW-INCOME INDIVIDUALS AND FAMILIES IN NEED. SOME OF THE OTHER SERVICES OFFERED TO ELIGIBLE RESIDENTS OF BAYONNE CITY INCLUDE: WEATHERIZATION ASSISTANCE, ENERGY ASSISTANCE, NUTRITIOUS MEALS SERVED AT TWO NUTRITION SITES, MEALS-ON-WHEELS, TRANSPORTATION FOR ELDERLY AND/OR HANDICAPPED RESIDENTS, HOMELESS PREVENTION, FAIR HOUSING, AND COMMUNITY OUTREACH. DURING THE YEAR THE PROGRAM RECEIVED $799,669 IN IN-KIND SUPPORT
Expenses $1,147,803 · Revenue $273,755
-
ADMINISTER AND FACILITATE THE CITY OF BAYONNE'S COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM.PROVIDING A ZERO INTEREST DEFERRED LOAN FOR LOW TO MODERATE INCOME HOME OWNERS TO MAKE CODE, HEALTH AND SAFETY REPAIRS TO OWNER OCCUPIED HOUSES.THE MAJORITY OF THE HOMES IN BAYONNE ARE MORE THAN 50 YEARS OLD, THIS BENEFICIAL SERVICE IS AN INVESTMENT HOME AND THE CITY SAFER AS WELL AS SUCCESSFULLY PROVIDING A BETTER QUALITY OF LIFE.
Expenses $158,926
As filed on the 2022 return.
Listed in Part VII
-
Anthony TimpanaroANTHONY TIMPANARO
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Barbara PelliccioBARBARA PELLICCIO
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Denise DoransDENISE DORANS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Nalleli WillmoreNALLELI WILLMORE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth PoeslKENNETH POESL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michelle E ByrdMICHELLE E BYRD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chester BanksCHESTER BANKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Shaniqua BordersSHANIQUA BORDERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Henry PerezHENRY PEREZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Samantha HowardSAMANTHA HOWARD
EXECUTIVE DIRECTOR
- Total calculated
- $216,110
- From this org
- $183,104
- From related orgs
- $0
- Other
- $33,006
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $183,104
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $33,006
- Filer's total
- $216,110
-
Anthony SegarraANTHONY SEGARRA
CHIEF FINANCIAL OFFICER
- Total calculated
- $163,161
- From this org
- $147,211
- From related orgs
- $0
- Other
- $15,950
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $147,211
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $15,950
- Filer's total
- $163,161
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 4B
- SAMANTHA HOWARD
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 17 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312199349301261
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