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Nonprofiteer
← THE SOMERSET PATRIOTS CHILDRENS EDUCATIONAL AND SPORTMANSHIP

Form 990 for tax year 2023

Filed by THE SOMERSET PATRIOTS CHILDRENS EDUCATIONAL AND SPORTMANSHIP.

Totals

Total revenue
$137,346
Total expenses
$111,843
Contributions and grants received
$54,230
Grants paid
$105,361
Program service revenue
$0
Investment income
$0
Other revenue
$83,116
Total assets, end of year
$118,538
Total liabilities, end of year
$12,100
Net assets or fund balances, end of year
$106,438
Program services expenses (Part IX)
$105,361
Management and general expenses
$6,482
Fundraising expenses
$0
Program service expenses (Part III)
$105,361

Program services were 94.2% 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.

  • 1c · Fundraising events

    $11,140

  • 1f · All other contributions, gifts and grants

    $43,090

  • 8a · Fundraising events: gross income

    $32,903

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

    $11,140

  • 8b · Fundraising events: direct expenses

    $8,735

  • 8c · Net income from fundraising events

    total $24,168 · excluded $24,168

  • 9a · Gaming: gross income

    $131,718

  • 9b · Gaming: direct expenses

    $72,770

  • 9c · Net income from gaming

    total $58,948 · excluded $58,948

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $105,361 · program services $105,361

  • 11b · Fees: legal

    total $74 · management and general $74

  • 11c · Fees: accounting

    total $4,000 · management and general $4,000

  • 24a · Other expenses: BANK CHARGES

    total $2,408 · management and general $2,408

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $44,373 · end of year $98,217

  • 5 · Loans and receivables from officers and key people

    beginning of year $51,562 · end of year $20,321

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,000

  • 19 · Deferred revenue

    beginning of year $10,000 · end of year $12,100

  • 27 · Net assets without donor restrictions

    beginning of year $80,935 · end of year $106,438

Mission and programs · 2023

Mission

THE FOUNDATION IS ORGANIZED FOR THE PURPOSE OF RAISING FUNDS TO SUPPORT OTHER EXEMPT ORGANIZATIONS WITH CHARITABLE AND EDUCATIONAL PURPOSES.

Activities or mission (Part I)

RAISE FUNDS TO SUPPORT OTHER EXEMPT ORGANIZATIONS WITH CHARITABLE AND EDUCATIONAL PURPOSES.

  • THE FOUNDATION FUNDS OTHER EXEMPT ORGANIZATIONS WITH CHARITABLE AND EDUCATIONAL PURPOSES

    Expenses $105,361 · Grants $105,361

  • CORPORATE CARE CLUB - THE PATRIOTS WORK WITH CORPORATE PARTNERS TO GIVE TICKETS TO CHARITIES THROUGHOUT NEW JERSEY.

As filed on the 2023 return.

Listed in Part VII

  • Joshua Kalafer

    TRUSTEE & OFFICER

    Total calculated
    $0
    Hours/week
    0.5

  • Patrick McVerry

    TRUSTEE & OFFICER

    Total calculated
    $0
    Hours/week
    0.5

  • Donald Miller

    TRUSTEE & OFFICER

    Total calculated
    $0
    Hours/week
    0.5

  • Jonathan Kalafer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Ellen Nardoni

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443209349303634

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